New York State Common Retirement Fund lowered its holdings in Fossil Group, Inc. (NASDAQ:FOSL) by 0.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,400 shares of the accessories brand company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Fossil Group worth $449,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in Fossil Group in the second quarter valued at $113,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Fossil Group during the 2nd quarter worth $122,000. Louisiana State Employees Retirement System raised its stake in shares of Fossil Group by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Fossil Group during the 2nd quarter worth $204,000. Finally, Arizona State Retirement System raised its stake in shares of Fossil Group by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock worth $228,000 after buying an additional 100 shares during the last quarter.
In other Fossil Group news, EVP Martin Frey purchased 7,100 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $7.25 per share, for a total transaction of $51,475.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gregory A. Mckelvey purchased 110,000 shares of the stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $6.22 per share, with a total value of $684,200.00. The disclosure for this purchase can be found here. Insiders acquired a total of 192,147 shares of company stock valued at $1,329,006 in the last 90 days. 12.80% of the stock is owned by company insiders.
Several research analysts have recently issued reports on the company. Telsey Advisory Group cut their price target on Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 9th. Buckingham Research cut their price target on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Bank of America Corporation set a $7.00 price target on Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, August 9th. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Wells Fargo & Company reaffirmed an “underperform” rating and set a $7.00 price target (down previously from $8.00) on shares of Fossil Group in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.43.
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Shares of Fossil Group, Inc. (FOSL) opened at $7.20 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.32 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $327.56, a PE ratio of 8.23 and a beta of 0.77. Fossil Group, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $36.87.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.32. The company had revenue of $689.00 million during 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 firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. equities research analysts forecast that Fossil Group, Inc. will post -0.17 earnings per share for the current fiscal year.
About Fossil Group
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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