Fossil Group (NASDAQ:FOSL) Rating Lowered to Hold at StockNews.com

Fossil Group (NASDAQ:FOSL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Fossil Group Stock Performance

Fossil Group stock opened at $1.38 on Friday. The stock’s 50-day moving average is $1.68 and its 200-day moving average is $1.46. The company has a market cap of $73.41 million, a price-to-earnings ratio of -0.59 and a beta of 2.12. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. Fossil Group has a 12 month low of $0.75 and a 12 month high of $2.61.

Institutional Investors Weigh In On Fossil Group

Several hedge funds have recently modified their holdings of FOSL. Squarepoint Ops LLC purchased a new stake in shares of Fossil Group during the 4th quarter valued at about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Fossil Group during the 4th quarter valued at about $35,000. American Century Companies Inc. purchased a new stake in shares of Fossil Group during the 4th quarter valued at about $47,000. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the 3rd quarter valued at about $48,000. Finally, Walleye Capital LLC purchased a new stake in shares of Fossil Group during the 4th quarter valued at about $54,000. 61.14% of the stock is currently owned by hedge funds and other 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.