Piermont Capital Management Inc. Reduces Stake in Fossil Group, Inc. (FOSL)

Now the P/E of Fossil Group, Inc. stands at 18.99.

News stories about Fossil Group (NASDAQ:FOSL) have trended positive this week, according to AlphaOne. About 1.04 million shares traded.

Large investors have recently bought and sold shares of the company. Fossil Group earned a daily sentiment score of 0.31 on AlphaOne's scale. GSA Capital Partners LLP now owns 43,325 shares of the textile maker's stock valued at $1,120,000 after buying an additional 14,618 shares in the last quarter. Teachers Advisors LLC now owns 1,277,667 shares of the textile maker's stock worth $33,040,000 after buying an additional 88,087 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Fossil Group during the fourth quarter worth approximately $212,000. The fund owned 53,270 shares of the textile maker's stock after selling 168,451 shares during the period. Renaissance Technologies LLC acquired a new position in Fossil Group during the fourth quarter worth approximately $217,000. Dimensional Fund Advisors LP now owns 936,186 shares of the textile maker's stock worth $24,210,000 after buying an additional 332,793 shares during the last quarter.

Let's have a look at some of the important valuation ratios of the Fossil Group, Inc.

Fossil Group Cmn Stk (NASDAQ:FOSL) as of recent trade, has shown weekly downbeat performance of -13% which was maintained at -25.9% in 1-month period. The firm has a market cap of $457.02 million, a P/E ratio of 18.49 and a beta of 0.74. Macquarie dropped their price target on shares of Fossil Group from $16.00 to $12.00 and set an "underperform" rating on the stock in a research note on Friday, March 3rd. Fossil Group has a 1-year low of $9.23 and a 1-year high of $36.87. Previously Fossil Group Cmn Stk (NASDAQ:FOSL) reported $-0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.44 by $0.09 with surprise factor of 20.5%. The business had revenue of $582 million for the quarter, compared to analyst estimates of $590.51 million. Nuveen Asset Ltd Liability Corporation has invested 0% in Fossil Group Inc (NASDAQ:FOSL). The firm's quarterly revenue was down 11.8% on a year-over-year basis. Total debt to equity ratio of the company for most recent quarter is 0.63 whereas long term debt to equity ratio for most recent quarter is 0.61. On average, analysts expect that Fossil Group will post $0.84 earnings per share for the current fiscal year. Schafer Cullen Capital Management Inc. now owns 12,852 shares of the textile maker's stock valued at $357,000 after buying an additional 833 shares during the last quarter. (NASDAQ:FOSL) in a research report released on Wednesday, May 10th. If you are accessing this report on another website, it was copied illegally and republished in violation of global trademark and copyright legislation. The correct version of this report can be viewed at [[permalink]].

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Several research firms have recently issued reports on FOSL. Vetr lowered Fossil Group from a "strong-buy" rating to a "buy" rating and set a $21.01 price objective for the company.in a research report on Wednesday, February 22nd. D E Shaw & Incorporated holds 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL) for 96,507 shares. Finally, Nomura reiterated a "hold" rating and set a $13.00 target price on shares of Fossil Group in a research report on Friday, May 12th. Jefferies Group LLC set a $19.00 price target on shares of Fossil Group and gave the company a "hold" rating in a report on Thursday, March 16th. A 14 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of FL or, if they already own its stock, sell it.

Analyst's mean target price for stock is $40.52 while analysts mean suggestion is 2.80. The stock was sold at an average price of $11.29, for a total transaction of $12,136,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of the business's stock in a transaction on Wednesday, June 14th. The company's stock has a normal trading capacity of 1.89M shares while the relative volume is 1.83. In the last ninety days, insiders sold 2,220,281 shares of company stock worth $23,790,210.

In May when the company reported a 12 percent first-quarter sales decline and swung to a loss, Kartsotis said, traditional watch sales continued to decline and overshadowed Fossil's growth in smartwatches and connected devices, such as fitness trackers.

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories.

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