Public Employees Retirement Association of Colorado maintained its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) during the first quarter, Holdings Channel reports. The firm owned 8,619 shares of the textile maker’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Fossil Group were worth $150,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Fossil Group by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the textile maker’s stock worth $250,000 after buying an additional 2,500 shares in the last quarter. Teachers Advisors LLC raised its position in Fossil Group by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 1,277,667 shares of the textile maker’s stock worth $33,040,000 after buying an additional 88,087 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Fossil Group by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,186 shares of the textile maker’s stock worth $24,210,000 after buying an additional 332,793 shares in the last quarter. Comerica Bank raised its position in Fossil Group by 6.4% in the fourth quarter. Comerica Bank now owns 31,553 shares of the textile maker’s stock worth $794,000 after buying an additional 1,906 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Fossil Group by 125.7% in the first quarter. Canada Pension Plan Investment Board now owns 179,196 shares of the textile maker’s stock worth $3,127,000 after buying an additional 99,800 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Fossil Group, Inc. (FOSL) opened at 9.17 on Thursday. The company has a market cap of $444.41 million, a P/E ratio of 17.98 and a beta of 0.74. The company has a 50-day moving average price of $12.39 and a 200-day moving average price of $19.53. Fossil Group, Inc. has a 12-month low of $8.98 and a 12-month high of $36.87.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, May 9th. The textile maker reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.14. The company had revenue of $582 million for the quarter, compared to analyst estimates of $590.51 million. Fossil Group had a return on equity of 7.59% and a net margin of 0.84%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, analysts predict that Fossil Group, Inc. will post $0.84 earnings per share for the current year.

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A number of research firms have commented on FOSL. Vetr lowered Fossil Group from a “strong-buy” rating to a “buy” rating and set a $21.01 price objective on the stock. in a research note on Wednesday, February 22nd. Mizuho reissued an “underperform” rating and issued a $17.00 price objective on shares of Fossil Group in a research note on Friday, March 3rd. Macquarie reduced their price objective on Fossil Group from $16.00 to $12.00 and set an “underperform” rating on the stock in a research note on Friday, March 3rd. Wells Fargo & Company reissued an “underperform” rating on shares of Fossil Group in a research note on Friday, March 3rd. Finally, Cowen and Company reduced their price objective on Fossil Group from $15.00 to $12.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.11.

In other Fossil Group news, Chairman Kosta N. Kartsotis sold 520,281 shares of Fossil Group stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $10.71, for a total transaction of $5,572,209.51. Following the transaction, the chairman now directly owns 3,445,546 shares of the company’s stock, valued at approximately $36,901,797.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of Fossil Group stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $9.73, for a total value of $6,081,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,220,281 shares of company stock worth $23,790,210 over the last ninety days. Company insiders own 12.80% of the company’s stock.

Fossil Group Company 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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