Today, Fossil Group Inc. (FOSL) Stake Decreased by Louisiana State Employees Retirement System

Today, Fossil Group Inc. (FOSL) Stake Decreased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in Fossil Group Inc. (NASDAQ:FOSL) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Fossil Group were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOSL. LS Investment Advisors LLC boosted its position in shares of Fossil Group by 173.7% in the second quarter. LS Investment Advisors LLC now owns 4,117 shares of the company’s stock valued at $117,000 after buying an additional 2,613 shares in the last quarter. Societe Generale purchased a new position in shares of Fossil Group during the second quarter valued at about $133,000. Emerald Acquisition Ltd. purchased a new position in shares of Fossil Group during the second quarter valued at about $143,000. Boothbay Fund Management LLC purchased a new position in shares of Fossil Group during the first quarter valued at about $235,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Fossil Group by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,064 shares of the company’s stock valued at $173,000 after buying an additional 742 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Fossil Group Inc. (NASDAQ:FOSL) traded down 1.78% during midday trading on Friday, reaching $35.96. The company had a trading volume of 613,436 shares. The firm has a 50-day moving average of $29.85 and a 200 day moving average of $29.31. Fossil Group Inc. has a 1-year low of $23.10 and a 1-year high of $51.93. The company has a market capitalization of $1730.86 billion, a P/E ratio of 17.54 and a beta of 1.66.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The company had revenue of $738 million for the quarter, compared to the consensus estimate of $739.12 million. Fossil Group had a return on equity of 12.56% and a net margin of 3.24%. Fossil Group’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. On average, equities research analysts forecast that Fossil Group Inc. will post $1.63 EPS for the current year.

FOSL has been the subject of a number of research analyst reports. Mizuho dropped their price target on Fossil Group from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Buckingham Research initiated coverage on Fossil Group in a research note on Wednesday, October 26th. They issued an “underperform” rating and a $23.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and issued a $24.00 price target (down previously from $29.00) on shares of Fossil Group in a research note on Friday, November 4th. Telsey Advisory Group dropped their price target on Fossil Group from $32.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, November 4th. Finally, Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $25.00 price target on shares of Fossil Group in a research note on Saturday, August 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Fossil Group presently has an average rating of “Hold” and a consensus target price of $30.68.

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.

Related posts

Leave a Comment