New York State Teachers Retirement System Has $2,151,000 Position in Fossil Group Inc. (FOSL)
New York State Teachers Retirement System increased its stake in Fossil Group Inc. (NASDAQ:FOSL) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 75,397 shares of the company’s stock after buying an additional 1,400 shares during the period. New York State Teachers Retirement System’s holdings in Fossil Group were worth $2,151,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in shares of Fossil Group by 115.6% in the first quarter. BlackRock Fund Advisors now owns 1,388,760 shares of the company’s stock worth $61,689,000 after buying an additional 744,537 shares during the period. Scopia Capital Management LP increased its stake in Fossil Group by 450.7% in the first quarter. Scopia Capital Management LP now owns 395,925 shares of the company’s stock worth $17,587,000 after buying an additional 324,035 shares during the last quarter. Renaissance Technologies LLC increased its stake in Fossil Group by 166.6% in the first quarter. Renaissance Technologies LLC now owns 257,011 shares of the company’s stock worth $11,416,000 after buying an additional 160,611 shares during the last quarter. First Quadrant L P CA purchased a new stake in Fossil Group during the second quarter worth $4,046,000. Finally, Horan Capital Management increased its stake in Fossil Group by 111.2% in the second quarter. Horan Capital Management now owns 179,902 shares of the company’s stock worth $5,132,000 after buying an additional 94,701 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Fossil Group Inc. (NASDAQ:FOSL) traded up 1.71% during trading on Friday, hitting $28.55. 735,308 shares of the stock traded hands. The firm has a 50-day moving average price of $28.35 and a 200 day moving average price of $31.67. Fossil Group Inc. has a 12 month low of $26.03 and a 12 month high of $56.54. The firm has a market cap of $1.37 billion, a PE ratio of 9.88 and a beta of 1.89.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $685 million for the quarter, compared to analysts’ expectations of $670.97 million. Fossil Group had a net margin of 4.49% and a return on equity of 16.91%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. On average, equities analysts forecast that Fossil Group Inc. will post $1.87 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Piper Jaffray Cos. set a $25.00 price target on Fossil Group and gave the company a “sell” rating in a research report on Tuesday, September 20th. Jefferies Group restated a “hold” rating on shares of Fossil Group in a research report on Monday, September 12th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Nomura lowered their price target on Fossil Group from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 10th. Finally, Cowen and Company restated a “market perform” rating and set a $30.00 price target on shares of Fossil Group in a research report on Wednesday, August 10th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.89.
About Fossil Group
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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