Connor Clark & Lunn Investment Management Ltd. Has $258,000 Stock Position in Fossil Group, Inc. $FOSL

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Fossil Group by 85.1%, owning approximately 224,530 shares worth $258,000, according to its recent SEC filing.
• Fossil Group's stock is currently down 6.3% and has a market capitalization of $159.19 million, with a 12-month trading range between $0.86 and $3.58.
• Wall Street analysts have given Fossil Group an average rating of "Buy" with a target price of $5.00, indicating positive sentiment amid financial challenges.

Connor Clark & Lunn Investment Management Ltd. raised its position in Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 85.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,530 shares of the accessories brand company's stock after purchasing an additional 103,203 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Fossil Group worth $258,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FOSL. Nantahala Capital Management LLC raised its position in Fossil Group by 74.6% in the fourth quarter. Nantahala Capital Management LLC now owns 3,326,677 shares of the accessories brand company's stock valued at $5,556,000 after purchasing an additional 1,421,399 shares during the last quarter. Miller Value Partners LLC raised its position in Fossil Group by 92.9% in the fourth quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company's stock valued at $4,294,000 after purchasing an additional 1,237,880 shares during the last quarter. Fund 1 Investments LLC raised its position in Fossil Group by 286.1% in the fourth quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company's stock valued at $649,000 after purchasing an additional 287,864 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Fossil Group by 193.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 323,300 shares of the accessories brand company's stock valued at $540,000 after purchasing an additional 213,300 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Fossil Group by 28.6% in the fourth quarter. Two Sigma Investments LP now owns 924,765 shares of the accessories brand company's stock valued at $1,544,000 after purchasing an additional 205,489 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FOSL has been the subject of a number of analyst reports. Maxim Group initiated coverage on Fossil Group in a research report on Tuesday, July 1st. They set a "buy" rating and a $5.00 price objective for the company. Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Fossil Group presently has a consensus rating of "Buy" and an average price target of $5.00.

Fossil Group Trading Up 3.1%

NASDAQ FOSL traded up $0.09 during trading hours on Tuesday, hitting $2.98. 788,170 shares of the company's stock were exchanged, compared to its average volume of 1,095,255. The stock has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.50. Fossil Group, Inc. has a 1-year low of $0.86 and a 1-year high of $3.58. The firm has a market cap of $160.26 million, a price-to-earnings ratio of -2.68 and a beta of 2.53. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.11. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.The business had revenue of $220.40 million during the quarter, compared to analysts' expectations of $198.04 million.

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.