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

Fossil Group (NASDAQ:FOSL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Fossil Group Trading Up 8.6 %

Shares of NASDAQ:FOSL traded up $0.10 on Monday, hitting $1.26. 485,783 shares of the company’s stock were exchanged, compared to its average volume of 551,474. Fossil Group has a 12 month low of $0.75 and a 12 month high of $1.74. The stock has a market capitalization of $66.94 million, a price-to-earnings ratio of -0.54 and a beta of 2.18. The business’s 50 day simple moving average is $1.16 and its two-hundred day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.94 and a quick ratio of 1.22.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Thursday, August 8th. The accessories brand company reported ($0.47) earnings per share for the quarter. The business had revenue of $260.00 million for the quarter. Fossil Group had a negative return on equity of 38.19% and a negative net margin of 10.07%.

Institutional Trading of Fossil Group

Several institutional investors and hedge funds have recently made changes to their positions in FOSL. Nantahala Capital Management LLC raised its holdings in shares of Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after acquiring an additional 598,940 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fossil Group in the second quarter valued at about $131,000. Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 49,100 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Fossil Group in the second quarter valued at about $28,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Fossil Group by 3.3% in the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after acquiring an additional 18,764 shares in the last quarter. 61.14% of the stock is currently owned by 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.