Columbia Management Investment Ad has recently announced that it has increased stake in Fossil Group Inc. (NASDAQ:FOSL) by 59.67%. After grabbing 1.79 million shares, the institutional investor is now in possession of 0.67 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.45% having worth around $8.53 million. Moreover, Renaissance Technologies LLC increased its share by 0.32 million to have a control over 1.69 million shares. And Charles Schwab Investment Managem raised its holdings to 0.14 million shares by acquiring 1.1 million shares or 2.12% of the stake.
Fossil Group Inc. (FOSL) concluded trading on 01/11/23 at a closing price of $5.47, with 0.68 million shares of worth about $3.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.60% during that period and on Wednesday the price saw a gain of about 7.47%. Currently the company’s common shares owned by public are about 51.83M shares, out of which, 46.78M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the FOSL stock and their offered price forecasts bring an average price target of $2.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $2.50. The stock’s current price level is 21.86% above of average price target set by the analysts, while a rise to estimated low would result in loss of -118.8% for the stock. However, touching the estimated high of $2.50 would mean a loss of -118.8% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 39 times over the past 12 months. They bought 548,055 shares in 31 of the transactions. In 8 selling transactions, insiders dumped 195,345 shares.
Contrarius ICAV – Global Equity F, Fidelity Low Priced Stock Fund, and Classic Global Equity Fund are the top 3 mutual funds which are holding stakes in Fossil Group Inc. Contrarius ICAV – Global Equity F is currently holding 4.03 million shares of worth totaling $19.2 million. The company recently came buying 25144.0 shares which brought its stake up to 7.77% of the company’s outstanding shares. Fidelity Low Priced Stock Fund sold 1577.0 shares, after which its hold over company’s outstanding shares shrunk to 7.70%, leaving 3.99 million shares with the mutual fund that have a worth of about $19.04 million. Classic Global Equity Fund, after selling 2.29 million shares, have now control over 4.41% of the stake in the company. It holds -0.14 million shares of worth $10.9 million.
Fossil Group Inc. (NASDAQ: FOSL) started trading at $5.14, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 5.57, or with a gain of 7.47%. Stock saw a price change of 12.55% in past 5 days and over the past one month there was a price change of 18.66%. Year-to-date (YTD), FOSL shares are showing a performance of 26.91% which decreased to -46.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.24 but also hit the highest price of $14.58 during that period. The average intraday trading volume for Fossil Group Inc. shares is 643.36K. The stock is currently trading 24.54% above its 20-day simple moving average (SMA20), while that difference is up 22.81% for SMA50 and it goes to -6.73% lower than SMA200.
Columbia Management Investment Ad acquired 1.79 million shares of Fossil Group Inc. having value of about $8.53 million. Data submitted at the U.S SEC by Columbia Management Investment Ad revealed that the firm now holds 0.67 million shares in the company valued at close to $3655354.85, or have control over 59.67% stake in the company. Fossil Group Inc. (NASDAQ: FOSL) currently have 51.83M outstanding shares and institutions hold larger chunk of about 72.90% of that. Holding of mutual funds in the company is about 24.60% while other institutional holders and individual stake holders have control over 47.77% and 13.02% of the stake respectively.
The stock has a current market capitalization of $274.38M and its 3Y-monthly beta is at 1.77. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOSL, volatility over the week remained 6.32% while standing at 6.13% over the month.
Analysts are in expectations that Fossil Group Inc. (FOSL) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 125.60%. EPS is likely to grow at an annualized rate of 14.90% for next 5-years, compared to annual growth of -21.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on February 27, 2020 offering a Market perform rating for the stock and assigned a target price range of between $7 and $5 to it. On August 05, 2019, Telsey Advisory Group Reiterated their recommendations, while on February 14, 2019, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $15. Stock get a Market perform rating from Telsey Advisory Group on February 08, 2019.
