Fossil Group (NASDAQ:FOSL) Raised to “Buy” at StockNews.com

Fossil Group (NASDAQ:FOSL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Fossil Group Trading Down 6.1 %

Shares of Fossil Group stock opened at $1.54 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 firm has a market cap of $81.92 million, a price-to-earnings ratio of -0.66 and a beta of 2.12. The business has a fifty day simple moving average of $1.65 and a 200-day simple moving average of $1.47. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $2.61.

Fossil Group (NASDAQ:FOSL) last announced 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 business had revenue of $342.30 million during the quarter.

Institutional Investors Weigh In On Fossil Group

Several hedge funds have recently modified their holdings of FOSL. RBF Capital LLC lifted its holdings in shares of Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after purchasing an additional 32,580 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the third quarter valued at $48,000. LVW Advisors LLC purchased a new stake in shares of Fossil Group during the fourth quarter valued at $100,000. Raymond James Financial Inc. purchased a new stake in shares of Fossil Group during the fourth quarter valued at $35,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Fossil Group during the fourth quarter valued at $552,000. 61.14% of the stock is owned by hedge funds and other institutional investors.

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.