Kartsotis Kosta N is Buying Fossil Group Inc. (NASDAQ:FOSL) Shares



In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fossil Group Inc. (NASDAQ:FOSL) reported that Kartsotis Kosta N has picked up 3,800,837   of common stock as of 2017-06-15.

The acquisition brings the aggregate amount owned by Kartsotis Kosta N to a total of 3,800,837 representing a 7.8% stake in the company.

For those not familiar with the company, Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment includes sales to customers based in Canada, Latin America and the United States. The Europe segment includes sales to customers based in European countries, the Middle East and Africa. The Asia segment includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company’s principal offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories.

A glance at Fossil Group Inc. (NASDAQ:FOSL)’s key stats reveals a current market capitalization of $435.95 Million based on $48.46 Million shares outstanding and a price at last close of $9.30 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-05-16, Kovar picked up 2,000 at a purchase price of $72.86. This brings their total holding to 32,465 as of the date of the filing.

On the sell side, the most recent transaction saw Kartsotis unload 625,000 shares at a sale price of $9.73. This brings their total holding to 2,760,546.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Fossil Group Inc. (NASDAQ:FOSL) as things move forward to see if its progress aligns with these transactions.

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