Fossil Group, Inc. (FOSL) Sets 52-Week High; Strong Momentum for Holders

June 22, 2018 - By Migdalia James

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 is positive, 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.
Maverick Capital holds 516,939 shares or 0.08% of its portfolio. Federated Invsts Inc Pa holds 0.01% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL) for 145,343 shares. Vanguard Group Inc reported 4.09M shares stake. Bancorporation Of America De stated it has 0% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL). Qs Lc owns 62 shares or 0% of their US portfolio. Walleye Trading Ltd Liability Co has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Texas Permanent School Fund reported 28,661 shares or 0% of all its holdings. Hanseatic Management Serv invested in 86 shares. Moreover, Public Sector Pension Inv Board has 0% invested in Fossil Group, Inc. (NASDAQ:FOSL). Voya Management Lc has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Amer International Incorporated owns 0% invested in Fossil Group, Inc. (NASDAQ:FOSL) for 28,312 shares. Pnc Services Gru holds 1,142 shares. Louisiana State Employees Retirement holds 0.01% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL) for 19,200 shares. Bridgeway Cap Mngmt Inc has invested 0.03% in Fossil Group, Inc. (NASDAQ:FOSL). Brandywine Mgmt Limited Liability Corporation holds 13,327 shares or 0% of its portfolio.

Since March 6, 2018, it had 0 insider buys, and 2 selling transactions for $5.68 million activity.

The stock of Fossil Group, Inc. (NASDAQ:FOSL) hit a new 52-week high and has $32.85 target or 7.00 % above today’s $30.70 share price. The 8 months bullish chart indicates low risk for the $1.51 billion company. The 1-year high was reported on Jun, 22 by Barchart.com. If the $32.85 price target is reached, the company will be worth $105.84M 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 decreased 1.22% or $0.38 during the last trading session, reaching $30.7. About 1.08 million shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has risen 74.05% since June 22, 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 EPS, down 78.26 % or $0.18 from last year’s $-0.23 per share. After $-0.99 actual EPS 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. Buckingham Research maintained Fossil Group, Inc. (NASDAQ:FOSL) on Wednesday, February 14 with “Underperform” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, June 4. The company was maintained on Wednesday, February 14 by Jefferies. The stock of Fossil Group, Inc. (NASDAQ:FOSL) has “Overweight” rating given on Wednesday, February 14 by KeyBanc Capital Markets.

Another recent and important Fossil Group, Inc. (NASDAQ:FOSL) news was published by Fool.com which published an article titled: “Why Fossil Group, Companhia Siderurgica Nacional, and Immunomedics Jumped Today” on June 04, 2018.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company has market cap of $1.51 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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