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

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

Fossil Group Stock Down 6.1 %

Shares of NASDAQ FOSL opened at $1.54 on Friday. The firm’s 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.47. The company has a market cap of $82.02 million, a price-to-earnings ratio of -0.66 and a beta of 2.12. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. Fossil Group has a 12-month low of $0.75 and a 12-month high of $2.61.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $342.30 million for the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%.

Institutional Trading of Fossil Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOSL. RBF Capital LLC raised its holdings in Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares during the last quarter. XTX Topco Ltd bought a new stake in Fossil Group during the 3rd quarter worth about $48,000. LVW Advisors LLC bought a new stake in Fossil Group during the 4th quarter worth about $100,000. Raymond James Financial Inc. bought a new stake in Fossil Group during the 4th quarter worth about $35,000. Finally, First Eagle Investment Management LLC bought a new stake in Fossil Group during the 4th quarter worth about $552,000. 61.14% of the stock is 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.