United Services Automobile Association Invests $220,000 in Fossil Group Inc (FOSL)

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United Services Automobile Association bought a new position in shares of Fossil Group Inc (NASDAQ:FOSL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,201 shares of the accessories brand company’s stock, valued at approximately $220,000.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in Fossil Group by 2.4% in the second quarter. Rhumbline Advisers now owns 111,944 shares of the accessories brand company’s stock valued at $3,008,000 after purchasing an additional 2,584 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Fossil Group by 0.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 534,805 shares of the accessories brand company’s stock valued at $14,370,000 after purchasing an additional 3,318 shares in the last quarter. New York State Common Retirement Fund increased its stake in Fossil Group by 10.1% in the first quarter. New York State Common Retirement Fund now owns 47,800 shares of the accessories brand company’s stock valued at $607,000 after purchasing an additional 4,400 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in Fossil Group in the second quarter valued at approximately $207,000. Finally, Northern Trust Corp increased its stake in Fossil Group by 1.5% in the first quarter. Northern Trust Corp now owns 551,961 shares of the accessories brand company’s stock valued at $7,009,000 after purchasing an additional 7,923 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

Several equities research analysts have commented on FOSL shares. ValuEngine downgraded shares of Fossil Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. KeyCorp started coverage on shares of Fossil Group in a research note on Monday, July 9th. They issued an “overweight” rating for the company. BidaskClub downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Telsey Advisory Group upped their target price on shares of Fossil Group from $16.00 to $27.00 and gave the company a “market perform” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Fossil Group has an average rating of “Hold” and a consensus price target of $19.20.

In other news, EVP Darren E. Hart sold 25,662 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $26.30, for a total transaction of $674,910.60. Following the completion of the sale, the executive vice president now owns 116,325 shares of the company’s stock, valued at $3,059,347.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory A. Mckelvey sold 26,138 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $26.00, for a total transaction of $679,588.00. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.

Shares of FOSL stock opened at $21.79 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Fossil Group Inc has a 12-month low of $5.50 and a 12-month high of $32.17.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, August 7th. The accessories brand company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.65. Fossil Group had a negative net margin of 5.13% and a negative return on equity of 1.21%. The company had revenue of $576.60 million during the quarter, compared to the consensus estimate of $571.95 million. As a group, sell-side analysts expect that Fossil Group Inc will post 0.77 EPS for the current fiscal year.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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