Jane Street Group LLC Sells 162,333 Shares of Fossil Group, Inc. (NASDAQ:FOSL)

Jane Street Group LLC lowered its holdings in Fossil Group, Inc. (NASDAQ:FOSL) by 58.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,132 shares of the accessories brand company’s stock after selling 162,333 shares during the quarter. Jane Street Group LLC owned approximately 0.21% of Fossil Group worth $134,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC purchased a new stake in Fossil Group during the 2nd quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC raised its position in Fossil Group by 91.7% during the second 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. acquired a new stake in shares of Fossil Group in the second quarter valued at about $131,000. RBF Capital LLC raised its position in shares of Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after buying an additional 32,580 shares during the last quarter. Finally, Nantahala Capital Management LLC grew its holdings in shares of Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares during the period. Institutional investors own 61.14% of the company’s stock.

Fossil Group Trading Down 11.6 %

NASDAQ FOSL 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. The firm has a market cap of $88.83 million, a price-to-earnings ratio of -0.72 and a beta of 2.20. Fossil Group, Inc. has a one year low of $0.75 and a one year high of $2.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81.

Insider Activity at Fossil Group

In related news, CEO Franco Fogliato acquired 111,175 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of $1.37 per share, with a total value of $152,309.75. Following the completion of the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.