Force Capital Management adds Fossil Group Inc (FOSL) to its portfolio

Fossil Group Inc (FOSL) : Force Capital Management added new position in Fossil Group Inc during the most recent quarter end. The investment management firm now holds 70,000 shares of Fossil Group Inc which is valued at $2,360,400 , the company said in a statement filed on Nov 14, 2016 with the SEC.Fossil Group Inc makes up approximately 2.76% of Force Capital Management’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P added FOSL to its portfolio by purchasing 208 company shares during the most recent quarter which is valued at $7,014.South Dakota Investment Council boosted its stake in FOSL in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 21,900 shares of Fossil Group Inc which is valued at $614,733. Fossil Group Inc makes up approx 0.01% of South Dakota Investment Council’s portfolio.Swiss National Bank reduced its stake in FOSL by selling 1,900 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 68,341 shares of FOSL which is valued at $1,839,740.Victory Capital Management Inc boosted its stake in FOSL in the latest quarter, The investment management firm added 928 additional shares and now holds a total of 1,695 shares of Fossil Group Inc which is valued at $41,883.

Fossil Group Inc closed down -0.52 points or -1.49% at $34.33 with 8,68,596 shares getting traded on Monday. Post opening the session at $34.79, the shares hit an intraday low of $33.631 and an intraday high of $34.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Fossil Group Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.31. The company had revenue of $738.00 million for the quarter, compared to analysts expectations of $739.12 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Fossil Group Inc. Fossil Group Inc was Upgraded by Piper Jaffray to ” Neutral” on Nov 21, 2016. Fossil Group Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Nov 16, 2016. Shares were Reiterated by Mizuho on Nov 4, 2016 to “Neutral” and Lowered the Price Target to $ 25 from a previous price target of $29 .

Fossil Group Inc. is a global designer marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry handbags small leather goods belts sunglasses soft accessories and select apparel. The Company operates in four different segments: the North America Wholesale segment the Europe Wholesale segment Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels including wholesale retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores specialty retail locations specialty watch and jewelry stores Company-owned retail and factory outlet stores mass market stores and through its FOSSIL Website.

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