Bridgeway Capital Management LLC Acquires 213,300 Shares of Fossil Group, Inc. (NASDAQ:FOSL)

Bridgeway Capital Management LLC lifted its stake in Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 193.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,300 shares of the accessories brand company's stock after buying an additional 213,300 shares during the period. Bridgeway Capital Management LLC owned approximately 0.61% of Fossil Group worth $540,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FOSL. Geode Capital Management LLC increased its holdings in Fossil Group by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 497,386 shares of the accessories brand company's stock valued at $831,000 after purchasing an additional 7,211 shares during the period. Dimensional Fund Advisors LP increased its holdings in Fossil Group by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 203,050 shares of the accessories brand company's stock valued at $339,000 after purchasing an additional 8,286 shares during the period. Northern Trust Corp increased its holdings in Fossil Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 117,199 shares of the accessories brand company's stock valued at $196,000 after purchasing an additional 17,221 shares during the period. Raymond James Financial Inc. purchased a new position in Fossil Group during the 4th quarter valued at about $35,000. Finally, Ameriprise Financial Inc. increased its holdings in Fossil Group by 1.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,358,189 shares of the accessories brand company's stock valued at $3,938,000 after purchasing an additional 27,906 shares during the period. Hedge funds and other institutional investors own 61.14% of the company's stock.

Fossil Group Stock Up 8.9%

Fossil Group stock traded up $0.13 during trading hours on Friday, hitting $1.59. 1,260,962 shares of the stock traded hands, compared to its average volume of 567,415. The firm's 50-day moving average price is $1.14 and its two-hundred day moving average price is $1.46. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The company has a market cap of $85.25 million, a PE ratio of -0.68 and a beta of 2.23. Fossil Group, Inc. has a one year low of $0.86 and a one year high of $2.61.

Fossil Group (NASDAQ:FOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) EPS for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%. The company had revenue of $233.30 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Fossil Group from a "hold" rating to a "buy" rating in a report on Friday.

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.