market folly

Ricky Sandler's hedge fund Eminence Capital has filed a 13G on shares of Fossil Group (FOSL).  Per the filing, the hedge fund has disclosed a 5.1% ownership stake in with over 2.7 million shares.

This marks an increase of 854,042 shares since the end of the first quarter.  The filing was made due to activity on June 2nd.

You can view other recent portfolio activity from Eminence Capital here.

Per Google Finance, Fossil Group is "a global designer, marketer and distributer 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. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence."