Arizona State Retirement System raised its position in shares of Fossil Group Inc (NASDAQ:FOSL) by 224.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,591 shares of the accessories brand company’s stock after buying an additional 50,191 shares during the quarter. Arizona State Retirement System owned about 0.15% of Fossil Group worth $564,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in Fossil Group by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 34,365 shares of the accessories brand company’s stock valued at $357,000 after buying an additional 1,288 shares in the last quarter. Voya Investment Management LLC raised its stake in Fossil Group by 18.8% during the second quarter. Voya Investment Management LLC now owns 19,208 shares of the accessories brand company’s stock valued at $199,000 after buying an additional 3,033 shares in the last quarter. Aperio Group LLC raised its stake in Fossil Group by 41.6% during the third quarter. Aperio Group LLC now owns 21,244 shares of the accessories brand company’s stock valued at $198,000 after buying an additional 6,237 shares in the last quarter. KBC Group NV raised its stake in Fossil Group by 167.9% during the third quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after buying an additional 8,424 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Fossil Group by 27.0% during the third quarter. Public Employees Retirement System of Ohio now owns 47,000 shares of the accessories brand company’s stock valued at $439,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
In related news, CEO Kosta N. Kartsotis sold 15,421 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $13.99, for a total value of $215,739.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 679,972 shares of company stock valued at $9,041,909 over the last three months. Corporate insiders own 12.80% of the company’s stock.
Several equities analysts have recently commented on the company. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, January 16th. ValuEngine raised Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Telsey Advisory Group upped their target price on Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $25.00 target price (up from $15.00) on shares of Fossil Group in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Fossil Group has a consensus rating of “Hold” and a consensus target price of $12.46.
FOSL stock opened at $12.18 on Wednesday. Fossil Group Inc has a fifty-two week low of $5.50 and a fifty-two week high of $18.44. The stock has a market capitalization of $579.85, a P/E ratio of -1.23 and a beta of -0.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.54 and a quick ratio of 1.41.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.24. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. The business had revenue of $920.80 million during the quarter, compared to analyst estimates of $890.47 million. During the same period in the prior year, the company posted $1.03 EPS. analysts anticipate that Fossil Group Inc will post -0.18 earnings per share for the current fiscal year.
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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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