Employees Retirement System Of Texas Has Lowered Mattel (MAT) Stake; Fossil Group, Inc. (FOSL) Covered By 3 Bulls

December 6, 2017 - By Winifred Garcia

Employees Retirement System Of Texas decreased Mattel Inc (MAT) stake by 92.82% reported in 2017Q2 SEC filing. Employees Retirement System Of Texas sold 181,000 shares as Mattel Inc (MAT)’s stock declined 15.13%. The Employees Retirement System Of Texas holds 14,000 shares with $301,000 value, down from 195,000 last quarter. Mattel Inc now has $5.21B valuation. The stock decreased 4.98% or $0.795 during the last trading session, reaching $15.155. About 6.83M shares traded. Mattel, Inc. (NASDAQ:MAT) has declined 26.92% since December 6, 2016 and is downtrending. It has underperformed by 43.62% the S&P500.

Among 17 analysts covering Fossil (NASDAQ:FOSL), 3 have Buy rating, 5 Sell and 9 Hold. Therefore 18% are positive. Fossil had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Fossil Group, Inc. (NASDAQ:FOSL) earned “Hold” rating by Jefferies on Wednesday, August 9. The firm earned “Neutral” rating on Wednesday, August 9 by Buckingham Research. The stock of Fossil Group, Inc. (NASDAQ:FOSL) has “Sector Weight” rating given on Thursday, August 20 by KeyBanc Capital Markets. Mizuho maintained Fossil Group, Inc. (NASDAQ:FOSL) on Friday, February 12 with “Neutral” rating. The stock of Fossil Group, Inc. (NASDAQ:FOSL) has “Market Perform” rating given on Friday, November 13 by Telsey Advisory Group. Piper Jaffray maintained the shares of FOSL in report on Wednesday, October 11 with “Hold” rating. On Tuesday, August 8 the stock rating was maintained by Oppenheimer with “Hold”. The company was upgraded on Monday, November 21 by PiperJaffray. The rating was maintained by S&P Research on Thursday, August 13 with “Buy”. The firm has “Underperform” rating by Buckingham Research given on Thursday, October 27. See Fossil Group, Inc. (NASDAQ:FOSL) latest ratings:

08/11/2017 Broker: Bank of America Rating: Underperform Old Target: $7 New Target: $4 Maintain
08/11/2017 Broker: Buckingham Research Rating: Neutral Old Target: $9 New Target: $5 Maintain
08/11/2017 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $24 New Target: $15 Maintain
11/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $10.0 Maintain
14/09/2017 Broker: Jefferies Rating: Hold New Target: $13.0 Maintain
10/08/2017 Broker: Piper Jaffray Rating: Hold New Target: $10.0000 Maintain
09/08/2017 Broker: Bank of America Rating: Sell New Target: $7.0000 Maintain
09/08/2017 Broker: Jefferies Rating: Hold New Target: $16.0000 Maintain
09/08/2017 Broker: Buckingham Research Rating: Neutral Old Target: $10 New Target: $9 Maintain
08/08/2017 Broker: Oppenheimer Rating: Hold Maintain

The stock increased 0.30% or $0.02 during the last trading session, reaching $6.7. About 904,472 shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has declined 54.09% since December 6, 2016 and is downtrending. It has underperformed by 70.79% the S&P500.

Investors sentiment increased to 1.84 in Q2 2017. Its up 0.39, from 1.45 in 2017Q1. It increased, as 30 investors sold Fossil Group, Inc. shares while 31 reduced holdings. 39 funds opened positions while 73 raised stakes. 50.82 million shares or 3.11% more from 49.29 million shares in 2017Q1 were reported. Nordea Investment Mgmt Ab invested in 0.01% or 216,600 shares. Lmr Ptnrs Limited Liability Partnership holds 0.02% in Fossil Group, Inc. (NASDAQ:FOSL) or 28,090 shares. Moreover, Jpmorgan Chase & has 0.01% invested in Fossil Group, Inc. (NASDAQ:FOSL) for 2.51 million shares. 29,592 were reported by Metropolitan Life Insur. 83,400 were reported by Tfs Cap Lc. Campbell And Company Invest Adviser Limited Liability Corp owns 0.11% invested in Fossil Group, Inc. (NASDAQ:FOSL) for 11,827 shares. Swiss Commercial Bank accumulated 71,141 shares. Gotham Asset Mgmt Ltd Liability Corporation holds 0.08% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL) for 558,082 shares. Deutsche Savings Bank Ag has invested 0.01% in Fossil Group, Inc. (NASDAQ:FOSL). Numeric Invsts Limited Company holds 0.01% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL) for 157,500 shares. Walleye Trading Ltd Company holds 0.03% or 437,059 shares in its portfolio. Ahl Partners Limited Liability Partnership holds 37,969 shares. Pacad Invest Ltd holds 0.1% in Fossil Group, Inc. (NASDAQ:FOSL) or 64,019 shares. Kbc Group Nv, Belgium-based fund reported 5,017 shares. Tiaa Cref Invest Management Ltd Limited Liability Company has 0% invested in Fossil Group, Inc. (NASDAQ:FOSL).

Since June 8, 2017, it had 0 insider purchases, and 1 insider sale for $6.08 million activity. $5.57M worth of Fossil Group, Inc. (NASDAQ:FOSL) shares were sold by KARTSOTIS KOSTA N.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company has market cap of $325.14 million. The companyÂ’s principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and soft accessories. It currently has negative earnings. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ADIDAS, ARMANI EXCHANGE, BURBERRY, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.10, from 1.08 in 2017Q1. It dropped, as 79 investors sold MAT shares while 137 reduced holdings. 60 funds opened positions while 152 raised stakes. 312.67 million shares or 1.09% more from 309.31 million shares in 2017Q1 were reported. Arizona State Retirement invested in 0.03% or 111,664 shares. Pennsylvania Tru reported 0.02% stake. 106,882 were accumulated by Amg Funds Limited Co. Moreover, Focused Wealth Mgmt has 0% invested in Mattel, Inc. (NASDAQ:MAT). Bellecapital Intll Limited reported 0.28% stake. Gilman Hill Asset Mgmt Ltd stated it has 1.64% in Mattel, Inc. (NASDAQ:MAT). Mason Street Advsr Limited Liability Company reported 0.03% stake. Moreover, Glenmede Trust Na has 0% invested in Mattel, Inc. (NASDAQ:MAT) for 37,075 shares. 199,892 are owned by Kennedy Cap. San Francisco Sentry Investment Gp (Ca) stated it has 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Moors And Cabot stated it has 0.12% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Moreover, Boston Prtnrs has 0% invested in Mattel, Inc. (NASDAQ:MAT). Vaughan David Il has invested 0.64% in Mattel, Inc. (NASDAQ:MAT). Franklin Resources, California-based fund reported 25,635 shares. Veritable LP owns 29,907 shares.

Among 17 analysts covering Mattel Inc. (NASDAQ:MAT), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Mattel Inc. had 52 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Hold” rating by Jefferies on Friday, July 28. UBS maintained it with “Buy” rating and $18 target in Tuesday, October 31 report. As per Thursday, September 21, the company rating was maintained by Jefferies. The stock has “Hold” rating by Jefferies on Friday, December 1. Stifel Nicolaus downgraded Mattel, Inc. (NASDAQ:MAT) on Wednesday, April 6 to “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, October 16. The firm earned “Neutral” rating on Friday, October 16 by Suntrust Robinson. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Buy” rating by Jefferies on Friday, December 4. As per Friday, August 14, the company rating was maintained by Piper Jaffray. SunTrust maintained Mattel, Inc. (NASDAQ:MAT) on Thursday, October 26 with “Hold” rating.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on January, 24. They expect $0.43 EPS, down 17.31% or $0.09 from last year’s $0.52 per share. MAT’s profit will be $147.80M for 8.81 P/E if the $0.43 EPS becomes a reality. After $0.09 actual EPS reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts 377.78% EPS growth.

Employees Retirement System Of Texas increased Delta Air Lines Inc Del (NYSE:DAL) stake by 13,900 shares to 109,300 valued at $5.87 million in 2017Q2. It also upped Robert Half Intl Inc (NYSE:RHI) stake by 9,000 shares and now owns 18,000 shares. Dct Industrial Trust Inc (NYSE:DCT) was raised too.

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