MetLife Investment Advisors LLC decreased its holdings in shares of Fossil Group Inc (NASDAQ:FOSL) by 36.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,656 shares of the accessories brand company’s stock after selling 11,600 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Fossil Group were worth $325,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Fossil Group by 1.4% during the fourth quarter. BlackRock Inc. now owns 6,665,046 shares of the accessories brand company’s stock worth $104,842,000 after buying an additional 93,411 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Fossil Group by 28.7% during the third quarter. Vanguard Group Inc. now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after buying an additional 1,235,339 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Fossil Group by 28.7% during the third quarter. Vanguard Group Inc now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after buying an additional 1,235,339 shares in the last quarter. Contrarius Investment Management Ltd grew its holdings in shares of Fossil Group by 0.6% in the fourth quarter. Contrarius Investment Management Ltd now owns 4,795,032 shares of the accessories brand company’s stock valued at $75,426,000 after purchasing an additional 30,944 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fossil Group by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock valued at $26,989,000 after purchasing an additional 169,086 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Shares of FOSL opened at $13.04 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.46. Fossil Group Inc has a 12-month low of $12.75 and a 12-month high of $32.17. The stock has a market capitalization of $657.30 million, a P/E ratio of 34.87 and a beta of 0.19.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, February 13th. The accessories brand company reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.26). Fossil Group had a negative net margin of 0.14% and a positive return on equity of 3.86%. The firm had revenue of $786.90 million during the quarter, compared to analysts’ expectations of $805.17 million. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts anticipate that Fossil Group Inc will post 0.64 EPS for the current year.

A number of brokerages recently issued reports on FOSL. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, April 5th. BidaskClub lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price objective on shares of Fossil Group in a report on Thursday, February 14th. Finally, Wells Fargo & Co dropped their price objective on shares of Fossil Group from $14.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.00.

In other Fossil Group news, insider Gregory A. Mckelvey sold 249,940 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $14.64, for a total transaction of $3,659,121.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kosta N. Kartsotis sold 50,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $15.92, for a total transaction of $796,000.00. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

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Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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