Barclays PLC Sells 15,005 Shares of Fossil Group, Inc. (NASDAQ:FOSL)

Barclays PLC lowered its position in Fossil Group, Inc. (NASDAQ:FOSL) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,597 shares of the accessories brand company’s stock after selling 15,005 shares during the period. Barclays PLC owned 0.15% of Fossil Group worth $91,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Fossil Group in the third quarter worth approximately $48,000. RBF Capital LLC boosted its holdings in Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after acquiring an additional 32,580 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Fossil Group in the second quarter worth approximately $131,000. Nantahala Capital Management LLC boosted its holdings in Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after acquiring an additional 598,940 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Fossil Group in the second quarter valued at approximately $28,000. Institutional investors own 61.14% of the company’s stock.

Insider Activity

In related news, CEO Franco Fogliato bought 111,175 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the acquisition, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

Fossil Group Stock Up 6.1 %

FOSL stock opened at $2.01 on Thursday. Fossil Group, Inc. has a twelve month low of $0.75 and a twelve month high of $2.61. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average is $1.63 and its 200-day moving average is $1.35. The firm has a market capitalization of $106.65 million, a PE ratio of -0.86 and a beta of 2.25.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Fossil Group Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.