Arrowstreet Capital Limited Partnership Takes $810,000 Position in Fossil Group, Inc. (NASDAQ:FOSL)

Arrowstreet Capital Limited Partnership purchased a new position in Fossil Group, Inc. (NASDAQ:FOSL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 485,086 shares of the accessories brand company's stock, valued at approximately $810,000. Arrowstreet Capital Limited Partnership owned approximately 0.91% of Fossil Group as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. bought a new position in Fossil Group in the 4th quarter worth $47,000. First Eagle Investment Management LLC purchased a new position in shares of Fossil Group in the fourth quarter valued at about $552,000. Raymond James Financial Inc. bought a new position in shares of Fossil Group in the fourth quarter worth about $35,000. LVW Advisors LLC purchased a new stake in shares of Fossil Group during the fourth quarter worth about $100,000. Finally, XTX Topco Ltd bought a new stake in Fossil Group during the 3rd quarter valued at approximately $48,000. Institutional investors own 61.14% of the company's stock.

Wall Street Analyst Weigh In

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

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Fossil Group Price Performance

Shares of NASDAQ:FOSL traded up $0.01 during midday trading on Tuesday, reaching $0.97. 121,197 shares of the company were exchanged, compared to its average volume of 597,690. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The stock has a market cap of $51.39 million, a PE ratio of -0.41 and a beta of 2.17. The business's fifty day moving average is $1.36 and its two-hundred day moving average is $1.48. Fossil Group, Inc. has a one year low of $0.75 and a one year high of $2.61.

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

About Fossil Group

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.