Fossil Group, Inc. (NASDAQ:FOSL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in Fossil Group, Inc. (NASDAQ:FOSL) by 58.7% during the third quarter, HoldingsChannel.com reports. The fund owned 114,132 shares of the accessories brand company’s stock after selling 162,333 shares during the period. Jane Street Group LLC’s holdings in Fossil Group were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Fossil Group during the 2nd quarter worth $28,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after acquiring an additional 9,624 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fossil Group during the 2nd quarter worth about $131,000. RBF Capital LLC increased its position in Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares in the last quarter. Finally, Nantahala Capital Management LLC increased its position in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after purchasing an additional 598,940 shares in the last quarter. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Franco Fogliato bought 111,175 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the purchase, the chief executive officer now owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This represents a 7.41 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Fossil Group Stock Down 11.6 %

FOSL stock opened at $1.67 on Tuesday. The firm has a 50 day simple moving average of $1.66 and a 200-day simple moving average of $1.36. Fossil Group, Inc. has a twelve month low of $0.75 and a twelve month high of $2.61. The company has a market capitalization of $88.83 million, a P/E ratio of -0.72 and a beta of 2.20. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07.

Fossil Group Company Profile

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.