Fossil Group Inc (FOSL) : Sather Financial Group Inc scooped up 40,300 additional shares in Fossil Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 50,700 shares of Fossil Group Inc which is valued at $1,603,134.Fossil Group Inc makes up approximately 0.61% of Sather Financial Group Inc’s portfolio.
Other Hedge Funds, Including , Absolute Return Capital boosted its stake in FOSL in the latest quarter, The investment management firm added 77,583 additional shares and now holds a total of 213,347 shares of Fossil Group Inc which is valued at $6,746,032. Fossil Group Inc makes up approx 0.39% of Absolute Return Capital’s portfolio. Epoch Investment Partners sold out all of its stake in FOSL during the most recent quarter. The investment firm sold 496,151 shares of FOSL which is valued $15,688,295. Ikos Cif Ltd sold out all of its stake in FOSL during the most recent quarter. The investment firm sold 4,032 shares of FOSL which is valued $127,492. Ipswich Investment Management sold out all of its stake in FOSL during the most recent quarter. The investment firm sold 100 shares of FOSL which is valued $2,997. First Quadrant L Pca added FOSL to its portfolio by purchasing 141,800 company shares during the most recent quarter which is valued at $4,184,518. Fossil Group Inc makes up approx 0.09% of First Quadrant L Pca’s portfolio.
Fossil Group Inc closed down -0.41 points or -1.44% at $28.15 with 10,09,969 shares getting traded on Thursday. Post opening the session at $28.53, the shares hit an intraday low of $27.57 and an intraday high of $28.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Fossil Group Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.08. The company had revenue of $685.00 million for the quarter, compared to analysts expectations of $671.67 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 EPS.
Many Wall Street Analysts have commented on Fossil Group Inc. Company shares were Reiterated by Mizuho on Aug 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .
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.