Fossil Group Inc (NASDAQ:FOSL) Reports Decline in Sellers; Strong Momentum for Longs

July 27, 2018 - By Billy Entrekin

Fossil Group, Inc. (NASDAQ:FOSL) Logo

Investors sentiment increased to 1.31 in Q1 2018. Its up 0.28, from 1.03 in 2017Q4. It improved, as 21 investors sold Fossil Group, Inc. shares while 41 reduced holdings. 34 funds opened positions while 47 raised stakes. 43.96 million shares or 6.65% less from 47.10 million shares in 2017Q4 were reported.
Swiss Bank accumulated 0% or 76,041 shares. Sterling Cap Management Ltd Liability Com accumulated 78,147 shares. Macquarie Grp Limited holds 22,900 shares or 0% of its portfolio. Maverick Ltd holds 0.08% or 516,939 shares in its portfolio. Paloma Prtnrs Mngmt holds 11,898 shares or 0% of its portfolio. Ubs Asset Management Americas holds 0% or 52,336 shares. Texas Permanent School Fund holds 0% or 28,661 shares. Balyasny Asset Mgmt Limited Co stated it has 0.03% in Fossil Group, Inc. (NASDAQ:FOSL). Guggenheim Cap Lc stated it has 0% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL). Manufacturers Life The holds 34,322 shares. Bluecrest Cap Mgmt Ltd reported 0.01% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL). Federated Pa reported 0.01% in Fossil Group, Inc. (NASDAQ:FOSL). Principal Financial Group accumulated 331,842 shares. 62 were accumulated by Qs Investors Limited Liability Co. Convergence Inv Ptnrs invested 0% in Fossil Group, Inc. (NASDAQ:FOSL).

Since March 6, 2018, it had 0 insider purchases, and 2 insider sales for $5.68 million activity.

The stock of Fossil Group Inc (NASDAQ:FOSL) registered a decrease of 1.16% in short interest. FOSL’s total short interest was 15.61 million shares in July as published by FINRA. Its down 1.16% from 15.80M shares, reported previously. With 1.49M shares average volume, it will take short sellers 11 days to cover their FOSL’s short positions. The short interest to Fossil Group Inc’s float is 35.69%.

The stock increased 0.48% or $0.13 during the last trading session, reaching $27.27. About 616,630 shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has risen 74.05% since July 27, 2017 and is uptrending. It has outperformed by 61.48% the S&P500.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company has market cap of $1.34 billion. The companyÂ’s principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and soft accessories. It currently has negative earnings. 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 ADIDAS, ARMANI EXCHANGE, BURBERRY, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

Fossil Group, Inc. (NASDAQ:FOSL) Ratings Coverage

Among 3 analysts covering Fossil Group (NASDAQ:FOSL), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Fossil Group has $35 highest and $8 lowest target. $19.67’s average target is -27.87% below currents $27.27 stock price. Fossil Group had 4 analyst reports since February 14, 2018 according to SRatingsIntel. The stock has “Underperform” rating by Buckingham Research on Wednesday, February 14. As per Wednesday, February 14, the company rating was maintained by Jefferies. KeyBanc Capital Markets maintained Fossil Group, Inc. (NASDAQ:FOSL) on Wednesday, February 14 with “Overweight” rating. On Monday, June 4 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”.

More recent Fossil Group, Inc. (NASDAQ:FOSL) news were published by: Benzinga.com which released: “Gartner Names Sephora As Top Specialty Retail Brand In Digital; Fossil’s Comeback Continues” on July 26, 2018. Also Seekingalpha.com published the news titled: “Lembirik Group Investments Mid-Year Letter 2018” on July 11, 2018. Fool.com‘s news article titled: “Why Fossil Group Stock Has Soared 246% in 2018” with publication date: July 09, 2018 was also an interesting one.

Fossil Group, Inc. (NASDAQ:FOSL) Institutional Positions Chart

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