Fossil Group, Inc. (FOSL) Hit 52-Week High

June 14, 2018 - By Nellie Frank

Fossil Group, Inc. (NASDAQ:FOSL) Logo

Investors sentiment increased to 1.31 in 2018 Q1. 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.
Jpmorgan Chase owns 251,544 shares or 0% of their US portfolio. Commerzbank Aktiengesellschaft Fi reported 531,487 shares. Jersey-based Contrarius Invest Mngmt Limited has invested 2.86% in Fossil Group, Inc. (NASDAQ:FOSL). Northern Corp has 551,961 shares for 0% of their portfolio. Metropolitan Life New York holds 13,557 shares. Ameriprise Financial reported 0% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL). California State Teachers Retirement System has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Spark Investment Management Ltd Liability Corporation stated it has 0.41% in Fossil Group, Inc. (NASDAQ:FOSL). Bnp Paribas Arbitrage reported 46,619 shares. Thrivent Financial For Lutherans has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Parametric Ltd Liability Corporation holds 0.01% or 629,931 shares in its portfolio. Winslow Asset Mgmt stated it has 0.84% in Fossil Group, Inc. (NASDAQ:FOSL). Ubs Asset Mgmt Americas holds 0% or 52,336 shares. Syntal Capital Prtn Limited Com reported 10,000 shares. Invesco Ltd reported 0% stake.

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) hit a new 52-week high and has $29.71 target or 4.00 % above today’s $28.57 share price. The 8 months bullish chart indicates low risk for the $1.41B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $29.71 price target is reached, the company will be worth $56.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.11% or $0.03 during the last trading session, reaching $28.57. About 785,514 shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has risen 74.05% since June 14, 2017 and is uptrending. It has outperformed by 61.48% the S&P500.

Analysts await Fossil Group, Inc. (NASDAQ:FOSL) to report earnings on August, 14. They expect $-0.41 earnings per share, down 78.26 % or $0.18 from last year’s $-0.23 per share. After $-0.99 actual earnings per share reported by Fossil Group, Inc. for the previous quarter, Wall Street now forecasts -58.59 % EPS growth.

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 had 4 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, February 14 by KeyBanc Capital Markets. As per Wednesday, February 14, the company rating was maintained by Jefferies. The stock of Fossil Group, Inc. (NASDAQ:FOSL) has “Overweight” rating given on Monday, June 4 by KeyBanc Capital Markets. Buckingham Research maintained the shares of FOSL in report on Wednesday, February 14 with “Underperform” rating.

More notable recent Fossil Group, Inc. (NASDAQ:FOSL) news were published by: Investorplace.com which released: “20 Long-Term Value Stocks With Hulking Upside” on June 14, 2018, also Seekingalpha.com with their article: “Fossil: Now Is The Time To Add” published on May 17, 2018, Investorplace.com published: “The 5 Hottest Small-Cap Stocks Of 2018” on June 08, 2018. More interesting news about Fossil Group, Inc. (NASDAQ:FOSL) were released by: Fool.com and their article: “Why Fossil Group, Companhia Siderurgica Nacional, and Immunomedics Jumped Today” published on June 04, 2018 as well as Benzinga.com‘s news article titled: “5 Stocks Showing Clear Technical Signals Right Now” with publication date: June 14, 2018.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company has market cap of $1.41 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) Institutional Positions Chart

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