Fossil Group (NASDAQ:FOSL) Upgraded at StockNews.com

StockNews.com upgraded shares of Fossil Group (NASDAQ:FOSL) from a hold rating to a buy rating in a research note released on Saturday.

Fossil Group Trading Down 7.1 %

FOSL opened at $1.43 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average is $1.64 and its two-hundred day moving average is $1.47. The company has a market capitalization of $76.16 million, a P/E ratio of -0.61 and a beta of 2.12. Fossil Group has a 52 week low of $0.75 and a 52 week high of $2.61.

Fossil Group (NASDAQ:FOSL) last released 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.

Hedge Funds Weigh In On Fossil Group

Institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC grew 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 purchasing an additional 1,421,399 shares during the last quarter. Miller Value Partners LLC grew its position in shares of Fossil Group by 92.9% in the 4th quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company’s stock worth $4,294,000 after buying an additional 1,237,880 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Fossil Group in the 4th quarter worth approximately $810,000. First Eagle Investment Management LLC bought a new position in shares of Fossil Group during the 4th quarter worth approximately $552,000. Finally, Fund 1 Investments LLC lifted its position in Fossil Group by 286.1% during the fourth quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company’s stock valued at $649,000 after acquiring an additional 287,864 shares during the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

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.