Goldman Sachs Group Inc. Buys 43,849 Shares of Fossil Group, Inc. $FOSL

Goldman Sachs Group Inc. boosted its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 43.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,375 shares of the accessories brand company’s stock after buying an additional 43,849 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.27% of Fossil Group worth $166,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Fossil Group during the 4th quarter valued at about $29,000. Jane Street Group LLC increased its position in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after purchasing an additional 20,530 shares during the period. Northern Trust Corp increased its position in Fossil Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 117,199 shares of the accessories brand company’s stock valued at $196,000 after purchasing an additional 17,221 shares during the period. American Century Companies Inc. increased its position in Fossil Group by 356.9% during the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock valued at $148,000 after purchasing an additional 100,783 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Fossil Group by 85.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company’s stock valued at $258,000 after purchasing an additional 103,203 shares during the period. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Price Performance

NASDAQ:FOSL opened at $2.72 on Tuesday. The company has a market cap of $146.28 million, a PE ratio of -2.45 and a beta of 2.21. Fossil Group, Inc. has a twelve month low of $0.86 and a twelve month high of $3.58. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $2.57 and its two-hundred day moving average is $1.75.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.11. The company had revenue of $220.40 million for the quarter, compared to the consensus estimate of $198.04 million. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FOSL shares. Wall Street Zen downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Maxim Group started coverage on shares of Fossil Group in a research report on Tuesday, July 1st. They set a “buy” rating and a $5.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $5.00.

Fossil Group Company 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.