New York State Teachers Retirement System reduced its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,458 shares of the accessories brand company’s stock after selling 6,000 shares during the quarter. New York State Teachers Retirement System owned 0.19% of Fossil Group worth $844,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. AHL Partners LLP bought a new stake in shares of Fossil Group during the 2nd quarter valued at about $393,000. Numeric Investors LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at approximately $1,630,000. Marshall Wace North America L.P. grew its stake in shares of Fossil Group by 363.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 67,089 shares of the accessories brand company’s stock valued at $671,000 after acquiring an additional 52,626 shares during the period. Engineers Gate Manager LP grew its stake in shares of Fossil Group by 214.8% during the 2nd quarter. Engineers Gate Manager LP now owns 260,043 shares of the accessories brand company’s stock valued at $2,691,000 after acquiring an additional 177,446 shares during the period. Finally, Airain ltd bought a new position in shares of Fossil Group during the 2nd quarter valued at approximately $3,214,000.
Shares of Fossil Group, Inc. (NASDAQ FOSL) opened at $6.75 on Tuesday. The stock has a market capitalization of $320.28, a P/E ratio of 8.05 and a beta of 0.77. Fossil Group, Inc. has a twelve month low of $5.50 and a twelve month high of $36.87. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. The business had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. equities research analysts predict that Fossil Group, Inc. will post -0.17 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on FOSL. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 3rd. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Buckingham Research cut their price objective on Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Bank of America Corporation set a $7.00 price objective on Fossil Group and gave the company a “sell” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 price objective (down from $8.00) on shares of Fossil Group in a research note on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.43.
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In related news, insider Darren E. Hart purchased 14,347 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $6.99 per share, for a total transaction of $100,285.53. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory A. Mckelvey purchased 5,712 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Insiders have bought a total of 192,147 shares of company stock worth $1,329,006 over the last ninety days. Insiders own 12.80% of the company’s stock.
Fossil Group Profile
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.
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