New York State Teachers Retirement System held its stake in Fossil Group Inc (NASDAQ:FOSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,997 shares of the company’s stock at the end of the fourth quarter. New York State Teachers Retirement System’s holdings in Fossil Group were worth $1,914,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in Fossil Group by 6.8% in the third quarter. BlackRock Fund Advisors now owns 2,204,564 shares of the company’s stock worth $61,221,000 after buying an additional 140,040 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Fossil Group by 39.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,929,377 shares of the company’s stock worth $49,894,000 after buying an additional 548,901 shares during the period. Teachers Advisors LLC boosted its stake in Fossil Group by 1,687.3% in the third quarter. Teachers Advisors LLC now owns 1,189,580 shares of the company’s stock worth $33,035,000 after buying an additional 1,123,022 shares during the period. Dimensional Fund Advisors LP boosted its stake in Fossil Group by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,186 shares of the company’s stock worth $24,210,000 after buying an additional 332,793 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Fossil Group by 278.8% in the third quarter. TIAA CREF Investment Management LLC now owns 491,040 shares of the company’s stock worth $13,636,000 after buying an additional 361,403 shares during the period. 95.01% of the stock is currently owned by institutional investors and hedge funds.
Fossil Group Inc (NASDAQ:FOSL) opened at 16.50 on Tuesday. The stock has a 50 day moving average of $20.48 and a 200 day moving average of $26.73. The firm has a market cap of $796.46 million, a PE ratio of 10.12 and a beta of 1.59. Fossil Group Inc has a 52 week low of $16.20 and a 52 week high of $46.27.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, February 14th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.18. Fossil Group had a net margin of 3.24% and a return on equity of 12.56%. The firm earned $959 million during the quarter, compared to analyst estimates of $977.13 million. During the same quarter in the prior year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts anticipate that Fossil Group Inc will post $0.94 EPS for the current year.
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A number of analysts recently weighed in on FOSL shares. Evercore ISI cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Instinet dropped their price objective on shares of Fossil Group from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, February 15th. Mizuho cut shares of Fossil Group from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $25.00 to $19.00 in a report on Friday, February 10th. Vetr cut shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $21.01 price objective on the stock. in a report on Thursday, February 16th. Finally, Zacks Investment Research cut shares of Fossil Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 20th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Fossil Group currently has a consensus rating of “Hold” and a consensus price target of $23.43.
Fossil Group Company Profile
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are 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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