Fossil Group (NASDAQ:FOSL - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Fossil Group Stock Performance
NASDAQ FOSL traded up $0.02 during trading hours on Friday, reaching $1.28. The company's stock had a trading volume of 460,376 shares, compared to its average volume of 644,267. Fossil Group has a 52 week low of $0.75 and a 52 week high of $2.61. 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 $68.09 million, a PE ratio of -0.55 and a beta of 2.12. The business has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $1.46.
Hedge Funds Weigh In On Fossil Group
A number of hedge funds have recently modified their holdings of FOSL. Nantahala Capital Management LLC lifted its stake in shares of 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 worth $5,556,000 after buying an additional 1,421,399 shares during the last quarter. Miller Value Partners LLC increased its position 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 worth $4,294,000 after purchasing an additional 1,237,880 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fossil Group in the 4th quarter valued at approximately $810,000. First Eagle Investment Management LLC bought a new stake in shares of Fossil Group in the fourth quarter worth about $552,000. Finally, Fund 1 Investments LLC increased its holdings in Fossil Group by 286.1% during the 4th quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company's stock worth $649,000 after purchasing an additional 287,864 shares in the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.
About Fossil Group
(
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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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