LLB Fund Services AG has recently announced that it has increased stake in Fossil Group Inc. (NASDAQ:FOSL) by 45.97%. After grabbing 2.81 million shares, the institutional investor is now in possession of 0.88 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 5.41% having worth around $9.43 million. Moreover, BWM AG increased its share by 0.7 million to have a control over 2.79 million shares. And The Vanguard Group, Inc. raised its holdings to 9524.0 shares by acquiring 2.57 million shares or 4.97% of the stake.
Fossil Group Inc. (FOSL) concluded trading on 05/24/23 at a closing price of $2.19, with 1.0 million shares of worth about $2.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -53.00% during that period and on Wednesday the price saw a loss of about -4.78%. Currently the company’s common shares owned by public are about 51.84M 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. However, touching the estimated high of $2.50 would mean a gain of 12.4% 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 17 times over the past 12 months. They bought 371,366 shares in 7 of the transactions. In 10 selling transactions, insiders dumped 83,700 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 $13.53 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 -0.89 million shares, after which its hold over company’s outstanding shares shrunk to 5.14%, leaving 2.66 million shares with the mutual fund that have a worth of about $8.94 million. Classic Global Equity Fund, after buying 2.29 million shares, have now control over 4.41% of the stake in the company. It holds 0.52 million shares of worth $7.68 million.
However, the stock later moved at a day high price of 2.3400, or with a loss of -4.78%. Stock saw a price change of 6.83% in past 5 days and over the past one month there was a price change of -35.78%. Year-to-date (YTD), FOSL shares are showing a performance of -49.19% which decreased to -67.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.89 but also hit the highest price of $7.55 during that period. The average intraday trading volume for Fossil Group Inc. shares is 643.86K. The stock is currently trading -21.63% below its 20-day simple moving average (SMA20), while that difference is down -28.86% for SMA50 and it goes to -47.12% lower than SMA200.
LLB Fund Services AG acquired 2.81 million shares of Fossil Group Inc. having value of about $9.43 million. Data submitted at the U.S SEC by LLB Fund Services AG revealed that the firm now holds 0.88 million shares in the company valued at close to $1934718.27, or have control over 45.97% stake in the company. Fossil Group Inc. (NASDAQ: FOSL) currently have 51.84M outstanding shares and institutions hold larger chunk of about 72.90% of that. Holding of mutual funds in the company is about 25.41% while other institutional holders and individual stake holders have control over 47.27% and 13.64% of the stake respectively.
The stock has a current market capitalization of $120.41M and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$1.23 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.64. 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 8.87% while standing at 8.42% 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 drop by -276.80%. EPS is likely to shrink at an annualized rate of 14.90% for next 5-years, compared to annual growth of 37.80% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Fossil Group Inc. (FOSL)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
