Charles Schwab IM Discloses 2.68M Share Stake in Fossil Group

TL;DR

**Charles Schwab IM just revealed a big stake in Fossil Group, potentially boosting investor confidence.**

AI Summary

Charles Schwab Investment Management, Inc. reported on February 9, 2024, that as of December 31, 2023, they beneficially own 2,687,684 shares of Fossil Group, Inc. common stock. This filing indicates that Charles Schwab Investment Management, Inc. holds a significant stake in Fossil, which could be seen as a vote of confidence from a major institutional investor. For current or prospective Fossil Group shareholders, this suggests that a large fund manager sees value in the company, potentially influencing market perception and investor sentiment positively.

Why It Matters

This filing reveals a major institutional investor's significant ownership in Fossil Group, signaling their belief in the company's future prospects.

Risk Assessment

Risk Level: low — This filing is a standard disclosure of institutional ownership and does not inherently present new risks, but rather provides transparency.

Analyst Insight

Investors should note this institutional ownership as a potential indicator of long-term value, but conduct further due diligence on Fossil Group's financials and market position before making investment decisions.

Key Numbers

• 2,687,684 — Shares Beneficially Owned (Represents the total number of Fossil Group, Inc. common shares held by Charles Schwab Investment Management, Inc. with sole voting power as of December 31, 2023.)

Key Players & Entities

• Charles Schwab Investment Management, Inc. (company) — reporting person, institutional investor
• Fossil Group, Inc. (company) — subject company, issuer of securities
• Delaware (company) — place of organization for Charles Schwab Investment Management, Inc.
• December 31, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — filing date

Forward-Looking Statements

• Other institutional investors may increase their positions in Fossil Group, Inc. following this disclosure. (Fossil Group, Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• fosl_20824.htm (SC 13G) — 25KB
• 0001085146-24-001017.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Fossil Group, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 901 S CENTRAL EXPRESSWAY, RICHARDSON, TX, 75080

(a)

ITEM 2(a). NAME OF PERSON FILING: Charles Schwab Investment Management, Inc.

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 211 Main Street San Francisco, CA 94105

(c)

ITEM 2(c). CITIZENSHIP: Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 34988V106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 2,687,684 (b) Percent of class: 5.12% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 2,687,684 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 2,687,684 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securitie

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