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

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

Fossil Group Stock Down 7.1 %

Fossil Group stock opened at $1.43 on Friday. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $2.61. The company has a market cap of $76.16 million, a PE ratio of -0.61 and a beta of 2.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The business’s 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $1.47.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 EPS 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 for the quarter.

Institutional Trading of Fossil Group

Several hedge funds and other institutional investors have recently bought and sold shares of FOSL. Squarepoint Ops LLC purchased a new stake in Fossil Group in the 4th quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new stake in Fossil Group during the fourth quarter worth $35,000. American Century Companies Inc. purchased a new stake in Fossil Group during the fourth quarter worth $47,000. Walleye Capital LLC acquired a new stake in Fossil Group during the fourth quarter valued at $54,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Fossil Group in the fourth quarter valued at $63,000. 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.