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Fossil Group, Inc. (FOSL) Stock Rating Reaffirmed by Bank of America Corporation
10 August 2017, 01:18 | Kenneth Drake
TIAA CREF Investment Management LLC Sells 391932 Shares of Fossil Group, Inc. (NASDAQ:FOSL)
Renaissance Technologies LLC acquired a new stake in shares of Fossil Group during the fourth quarter valued at $217,000. The insider now holds 8,845 shares of Fossil Group, Inc. Prudential Financial Inc. now owns 380,416 shares of the accessories brand company's stock worth $6,638,000 after buying an additional 240,130 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Fossil Group by 14.5% in the first quarter. The company had a trading volume of 7,831,701 shares. Institutional investors and hedge funds own 97.21% of the company's stock.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. (NASDAQ:FOSL) fell -3.78% to close at $11.20. The firm has a market capitalization of $430.36 million, a PE ratio of 17.41 and a beta of 0.73. The firm has a 50-day moving average of $10.19 and a 200-day moving average of $15.76. Over the last six months, Fossil Group, Inc.'s stock has been -50.15% and -61.48% for the year. The value of the investment in Fossil Group, Inc. decreased from $99,000 to $43,000 decreasing 56.6% since the last quarter. In the last earnings report the EPS was $0.51 and is expected to be $0.87 for the current year with 48,464,000 shares outstanding. (NYSE:CAT) established that the company was able to keep return on investment at 0.23 in the trailing twelve month while Reuters data showed that industry's average stands at 7.02 and sector's optimum level is 6.43. The company had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. During the same period in the prior year, the business posted $0.12 earnings per share. The Zacks Equity Research team notes that Fossil has missed sales estimates in nine out of the last 11 straight quarters, including this current one.
Breaking Down: Fossil Group Inc (NASDAQ:FOSL) has hit extreme technical weakness - watch the stochastics and technical oscillators for any kind of momentum signals if you are looking for a turnaround.
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Here are a few other firms who have also updated their positions. Finally, ValuEngine lowered Fossil Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 1st. Mizuho maintained the shares of FOSL in report on Friday, November 4 with "Neutral" rating. Wells Fargo & Company set a $12.00 target price on shares of Fossil Group and gave the stock a sell rating in a research report on Wednesday, May 10th. The company has an average rating of "Hold" and an average target price of $17.63. Finally, BidaskClub upgraded shares of Fossil Group from a sell rating to a hold rating in a research report on Wednesday, July 19th. The brokerage now has a "market perform" rating on the accessories brand company's stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Chairman Kosta N. Kartsotis let go of 1,075,000 shares at a price of $11.52 on May 30th. The total number of shares traded in the last 12 months is 4.69 million. Following the completion of the sale, the chairman now directly owns 3,445,546 shares of the company's stock, valued at approximately $36,901,797.66. The disclosure for this sale can be found here. The shares were sold at an average price of $10.71, for a total value of $5,572,209.51.
Analyzing recent insider trading activity at Fossil Group, Inc. The Company's segments include Americas, Europe and Asia.
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