Fossil Group (NASDAQ:FOSL) Upgraded by StockNews.com to “Buy” Rating

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

Fossil Group Stock Down 6.1 %

Shares of FOSL opened at $1.54 on Friday. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $2.61. The company’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.47. The firm has a market cap of $82.02 million, a PE ratio of -0.66 and a beta of 2.12. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in shares of Fossil Group in the 4th quarter valued at $29,000. Raymond James Financial Inc. acquired a new stake in Fossil Group in the 4th quarter valued at $35,000. American Century Companies Inc. purchased a new position in Fossil Group in the fourth quarter valued at about $47,000. XTX Topco Ltd acquired a new position in shares of Fossil Group during the third quarter worth about $48,000. Finally, Walleye Capital LLC purchased a new stake in shares of Fossil Group in the fourth quarter worth about $54,000. 61.14% of the stock is owned by institutional investors and hedge funds.

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.