Fossil Group (NASDAQ:FOSL) Stock Passes Above 200-Day Moving Average of $1.16

Fossil Group, Inc. (NASDAQ:FOSL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.16 and traded as high as $1.55. Fossil Group shares last traded at $1.44, with a volume of 6,204,127 shares changing hands.

Fossil Group Stock Down 4.0 %

The firm’s fifty day moving average is $1.21 and its 200-day moving average is $1.16. The company has a market capitalization of $76.22 million, a P/E ratio of -0.54 and a beta of 2.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.40 and a current ratio of 2.16.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Wednesday, May 8th. The accessories brand company reported ($0.30) earnings per share (EPS) for the quarter. Fossil Group had a negative return on equity of 37.15% and a negative net margin of 10.44%. The company had revenue of $254.90 million for the quarter.

Institutional Investors Weigh In On Fossil Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Fossil Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock valued at $2,726,000 after acquiring an additional 15,279 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fossil Group by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,869,450 shares of the accessories brand company’s stock worth $3,851,000 after purchasing an additional 93,033 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in Fossil Group during the 4th quarter worth about $1,496,000. Acadian Asset Management LLC grew its position in shares of Fossil Group by 3.3% in the 1st quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after buying an additional 18,764 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Fossil Group by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after buying an additional 49,100 shares during the period. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Fossil Group Company Profile

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.