Bridgeway Capital Management LLC Boosts Stock Position in Fossil Group, Inc. (NASDAQ:FOSL)

Bridgeway Capital Management LLC increased its stake in Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 193.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 323,300 shares of the accessories brand company's stock after purchasing an additional 213,300 shares during the quarter. Bridgeway Capital Management LLC owned about 0.61% of Fossil Group worth $540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Fossil Group during the fourth quarter valued at about $35,000. American Century Companies Inc. purchased a new stake in Fossil Group in the 4th quarter worth approximately $47,000. Walleye Capital LLC bought a new position in Fossil Group in the 4th quarter valued at $54,000. LVW Advisors LLC purchased a new position in shares of Fossil Group during the 4th quarter valued at $100,000. Finally, Northern Trust Corp increased its holdings in shares of Fossil Group by 17.2% in the fourth quarter. Northern Trust Corp now owns 117,199 shares of the accessories brand company's stock worth $196,000 after purchasing an additional 17,221 shares during the period. 61.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Fossil Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th.

Fossil Group Stock Up 4.8%

FOSL stock opened at $1.31 on Monday. The company's 50 day moving average is $1.14 and its 200 day moving average is $1.46. The stock has a market cap of $70.24 million, a price-to-earnings ratio of -0.56 and a beta of 2.23. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. Fossil Group, Inc. has a 1-year low of $0.86 and a 1-year high of $2.61.

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

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.

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