First Eagle Investment Management LLC Acquires Shares of 330,725 Fossil Group, Inc. (NASDAQ:FOSL)

First Eagle Investment Management LLC purchased a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 330,725 shares of the accessories brand company's stock, valued at approximately $552,000. First Eagle Investment Management LLC owned 0.62% of Fossil Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOSL. LVW Advisors LLC bought a new position in Fossil Group in the 4th quarter valued at approximately $100,000. XTX Topco Ltd acquired a new stake in shares of Fossil Group during the third quarter worth $48,000. RBF Capital LLC increased its position in shares of Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company's stock worth $339,000 after buying an additional 32,580 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fossil Group during the fourth quarter worth $35,000. Institutional investors own 61.14% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Fossil Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 15th.

Remove Ads

Fossil Group Stock Down 5.9 %

Shares of Fossil Group stock traded down $0.08 during trading hours on Thursday, reaching $1.28. The company's stock had a trading volume of 266,347 shares, compared to its average volume of 425,850. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The stock's fifty day simple moving average is $1.61 and its two-hundred day simple moving average is $1.47. Fossil Group, Inc. has a one year low of $0.75 and a one year high of $2.61. The company has a market capitalization of $68.17 million, a P/E ratio of -0.55 and a beta of 2.12.

Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share for the quarter. The firm had revenue of $342.30 million during the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%.

Fossil Group Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.