Fenimore Asset Management decreased its stake in Fossil Group Inc (NASDAQ:FOSL) by 71.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The hedge fund owned 75,475 shares of the company’s stock after selling 189,750 shares during the period. Fenimore Asset Management owned about 0.15% of Fossil Group worth $2,759,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FOSL. VNB Trust acquired a new stake in Fossil Group during the fourth quarter valued at approximately $291,000. Palo Capital increased its stake in Fossil Group by 3.8% in the third quarter. Palo Capital now owns 7,775 shares of the company’s stock valued at $434,000 after buying an additional 286 shares during the period. Finally, Janus Capital Management increased its stake in Fossil Group by 23.6% in the third quarter. Janus Capital Management now owns 18,225 shares of the company’s stock valued at $1,019,000 after buying an additional 3,474 shares during the period.

Shares of Fossil Group Inc (NASDAQ:FOSL) traded down 0.29% during midday trading on Wednesday, hitting $31.27. 660,178 shares of the company were exchanged. The company has a 50-day moving average price of $34.27 and a 200-day moving average price of $50.97. The stock has a market capitalization of $1.50 billion and a price-to-earnings ratio of 5.10. Fossil Group Inc has a 52-week low of $28.26 and a 52-week high of $103.13.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Thursday, November 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.06. The firm earned $771 million during the quarter, compared to analysts’ expectations of $793.72 million. During the same quarter last year, the business earned $1.96 earnings per share. The business’s quarterly revenue was down 13.8% on a year-over-year basis. On average, analysts forecast that Fossil Group Inc will post $4.39 EPS for the current year.

Several analysts have recently commented on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $51.00 price objective (down from $57.00) on shares of Fossil Group in a report on Friday, November 6th. Mizuho dropped their price objective on shares of Fossil Group from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 13th. Piper Jaffray reaffirmed an “underweight” rating and issued a $25.00 price objective on shares of Fossil Group in a report on Thursday, January 14th. Nomura dropped their price objective on shares of Fossil Group from $56.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, November 13th. Finally, Bank of America dropped their price objective on shares of Fossil Group from $51.00 to $33.00 and set an “underperform” rating on the stock in a report on Friday, November 13th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.93.

In related news, Director Elysia Holt Ragusa sold 2,718 shares of Fossil Group stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $37.07, for a total value of $100,756.26. Following the transaction, the director now directly owns 4,532 shares in the company, valued at approximately $168,001.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Fossil Group, Inc. is a global designer, marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels, including wholesale, retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, Company-owned retail and factory outlet stores, mass market stores, and through its FOSSIL Website.

12 Month Chart for NASDAQ:FOSL

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