Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 485,086 shares of the accessories brand company's stock, valued at approximately $810,000. Arrowstreet Capital Limited Partnership owned approximately 0.91% of Fossil Group as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC acquired a new position in Fossil Group during the 4th quarter valued at about $552,000. LVW Advisors LLC acquired a new stake in Fossil Group in the fourth quarter worth approximately $100,000. XTX Topco Ltd bought a new position in Fossil Group during the 3rd quarter valued at $48,000. American Century Companies Inc. acquired a new position in shares of Fossil Group during the 4th quarter valued at $47,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Fossil Group in the 4th quarter worth $35,000. Institutional investors and hedge funds own 61.14% of the company's stock.
Fossil Group Price Performance
Shares of NASDAQ FOSL traded up $0.01 during trading on Thursday, hitting $0.93. The company had a trading volume of 49,299 shares, compared to its average volume of 594,260. The company has a market cap of $49.64 million, a P/E ratio of -0.40 and a beta of 2.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The business's 50-day moving average is $1.32 and its 200 day moving average is $1.47. Fossil Group, Inc. has a 52 week low of $0.75 and a 52 week high of $2.61.
Fossil Group (NASDAQ:FOSL - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share for the quarter. The business had revenue of $342.30 million during the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Fossil Group from a "hold" rating to a "buy" rating in a report on Saturday, March 15th.
Get Our Latest Stock Report on FOSL
About Fossil Group
(
Free Report)
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.
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