Fossil Group (NASDAQ:FOSL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Fossil Group Stock Down 8.4 %
NASDAQ:FOSL traded down $0.12 during trading hours on Friday, hitting $1.31. The company's stock had a trading volume of 534,326 shares, compared to its average volume of 620,846. The stock has a market capitalization of $69.77 million, a P/E ratio of -0.56 and a beta of 2.12. The stock has a fifty day moving average of $1.64 and a 200-day moving average of $1.47. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. Fossil Group has a 52-week low of $0.75 and a 52-week high of $2.61.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 EPS for the quarter. The firm had revenue of $342.30 million for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.
Hedge Funds Weigh In On Fossil Group
Several large investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC boosted its stake in Fossil Group by 74.6% in the fourth quarter. Nantahala Capital Management LLC now owns 3,326,677 shares of the accessories brand company's stock valued at $5,556,000 after acquiring an additional 1,421,399 shares in the last quarter. Miller Value Partners LLC boosted its stake in Fossil Group by 92.9% in the fourth quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company's stock valued at $4,294,000 after acquiring an additional 1,237,880 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Fossil Group by 1.2% in the fourth quarter. Ameriprise Financial Inc. now owns 2,358,189 shares of the accessories brand company's stock valued at $3,938,000 after acquiring an additional 27,906 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Fossil Group by 16.3% in the fourth quarter. Two Sigma Advisers LP now owns 1,016,900 shares of the accessories brand company's stock valued at $1,698,000 after acquiring an additional 142,600 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Fossil Group by 28.6% in the fourth quarter. Two Sigma Investments LP now owns 924,765 shares of the accessories brand company's stock valued at $1,544,000 after acquiring an additional 205,489 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
About Fossil Group
(
Get Free Report)
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.
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