Fossil Group Inc (NASDAQ:FOSL), saw one of its top tier insiders execute a transaction today, August 29th, resulting in the lowering of their stakes with the company. Director Elaine B. Agather sold 2,500 shares of common stock at an average price of $102.54 per share. Following this move, Agather now has a total of 3,773 shares directly involved with the corporation. As well, Fossil Group Inc (NASDAQ:FOSL) is a $5.36 billion market cap company that operates as 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 clothing.
Moreover, the largest outside investment in the company comes from Eminence Capital, the hedge fund run by billionaire Ricky Sanders. After raising its holdings by 47% last quarter, the fund now holds about 2.7 million shares worth nearly $283 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.