American Century Companies Inc. Acquires 100,783 Shares of Fossil Group, Inc. $FOSL

American Century Companies Inc. raised its holdings in Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 356.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,025 shares of the accessories brand company's stock after acquiring an additional 100,783 shares during the quarter. American Century Companies Inc. owned 0.24% of Fossil Group worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Fossil Group by 85.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company's stock valued at $258,000 after acquiring an additional 103,203 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Fossil Group during the fourth quarter valued at about $29,000. Two Sigma Advisers LP lifted its stake in Fossil Group by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 1,016,900 shares of the accessories brand company's stock valued at $1,698,000 after buying an additional 142,600 shares in the last quarter. Two Sigma Investments LP lifted its stake in Fossil Group by 28.6% during the fourth quarter. Two Sigma Investments LP now owns 924,765 shares of the accessories brand company's stock valued at $1,544,000 after buying an additional 205,489 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Fossil Group during the fourth quarter valued at about $63,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Stock Performance

FOSL stock traded up $0.06 during midday trading on Thursday, hitting $3.01. 298,265 shares of the company traded hands, compared to its average volume of 436,976. Fossil Group, Inc. has a twelve month low of $0.86 and a twelve month high of $3.58. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. The business has a 50 day simple moving average of $2.22 and a 200-day simple moving average of $1.61. The stock has a market capitalization of $161.61 million, a price-to-earnings ratio of -2.71 and a beta of 2.21.

Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.The company had revenue of $220.40 million for the quarter, compared to the consensus estimate of $198.04 million.

Analysts Set New Price Targets

FOSL has been the subject of a number of analyst reports. Maxim Group assumed coverage on shares of Fossil Group in a research note on Tuesday, July 1st. They set a "buy" rating and a $5.00 price objective for the company. Wall Street Zen raised shares of Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $5.00.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.