Walleye Capital LLC Has $360,000 Position in Fossil Group, Inc. $FOSL

Walleye Capital LLC lessened its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 68.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,518 shares of the accessories brand company’s stock after selling 178,759 shares during the period. Walleye Capital LLC’s holdings in Fossil Group were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Fossil Group by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock valued at $702,000 after purchasing an additional 10,399 shares in the last quarter. HB Wealth Management LLC bought a new stake in Fossil Group during the first quarter worth $123,000. Cannon Global Investment Management LLC acquired a new stake in shares of Fossil Group in the 1st quarter valued at $110,000. Kanen Wealth Management LLC acquired a new stake in shares of Fossil Group in the 4th quarter valued at $5,515,000. Finally, Empowered Funds LLC increased its stake in shares of Fossil Group by 10.4% in the 4th quarter. Empowered Funds LLC now owns 114,403 shares of the accessories brand company’s stock valued at $430,000 after purchasing an additional 10,824 shares during the last quarter. 61.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FOSL. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Friday, July 17th. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fossil Group presently has an average rating of “Hold” and a consensus price target of $7.00.

Insider Buying and Selling

In other news, Director Wendy Lee Schoppert purchased 24,331 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $4.14 per share, with a total value of $100,730.34. Following the completion of the purchase, the director owned 120,625 shares of the company’s stock, valued at $499,387.50. This trade represents a 25.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Fossil Group Stock Performance

NASDAQ FOSL opened at $4.05 on Friday. The firm’s fifty day moving average price is $4.15 and its two-hundred day moving average price is $4.24. The stock has a market cap of $239.36 million, a PE ratio of -3.55 and a beta of 1.63. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72. Fossil Group, Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $5.74.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. The company had revenue of $224.76 million during the quarter, compared to analysts’ expectations of $204.74 million. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%. On average, equities analysts expect that Fossil Group, Inc. will post -0.15 EPS for the current fiscal year.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.