Fossil Group, Inc. (FOSL) Position Raised by Teachers Advisors LLC

Teachers Advisors LLC increased its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 67.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,664 shares of the accessories brand company’s stock after purchasing an additional 50,778 shares during the quarter. Teachers Advisors LLC owned approximately 0.26% of Fossil Group worth $1,301,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its position in shares of Fossil Group by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Fossil Group by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock worth $228,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Fossil Group by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock worth $319,000 after purchasing an additional 379 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Fossil Group by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock worth $551,000 after purchasing an additional 586 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Fossil Group by 0.5% during the 2nd quarter. Principal Financial Group Inc. now owns 320,702 shares of the accessories brand company’s stock worth $3,319,000 after acquiring an additional 1,508 shares during the last quarter.

Fossil Group, Inc. (FOSL) opened at 8.78 on Monday. Fossil Group, Inc. has a 1-year low of $6.80 and a 1-year high of $36.87. The company’s market cap is $426.01 million. The company’s 50-day moving average is $8.85 and its 200 day moving average is $10.86.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue was down 12.9% compared to the same quarter last year. On average, equities analysts predict that Fossil Group, Inc. will post ($0.11) EPS for the current fiscal year.

A number of equities research analysts have commented on the stock. Telsey Advisory Group decreased their price objective on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Buckingham Research decreased their price objective on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Bank of America Corporation set a $7.00 price objective on shares of Fossil Group and gave the stock a “sell” rating in a report on Wednesday, August 9th. Wells Fargo & Company reissued an “underperform” rating and set a $7.00 price objective (down previously from $8.00) on shares of Fossil Group in a report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $13.00 price objective on shares of Fossil Group in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Fossil Group has a consensus rating of “Hold” and an average price target of $15.90.

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In related news, insider Gregory A. Mckelvey bought 32,798 shares of Fossil Group stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $8.51 per share, for a total transaction of $279,110.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darren E. Hart bought 14,347 shares of Fossil Group stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $6.99 per share, for a total transaction of $100,285.53. The disclosure for this purchase can be found here. Insiders purchased 114,945 shares of company stock worth $923,917 over the last quarter. 12.80% of the stock is currently owned by company insiders.

About Fossil Group

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

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