D. E. Shaw & Co. Inc. Has $165,000 Stock Holdings in Fossil Group, Inc. (NASDAQ:FOSL)

D. E. Shaw & Co. Inc. lessened its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,530 shares of the accessories brand company's stock after selling 308,703 shares during the period. D. E. Shaw & Co. Inc. owned 0.19% of Fossil Group worth $165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its position in shares of Fossil Group by 74.6% during the 4th quarter. Nantahala Capital Management LLC now owns 3,326,677 shares of the accessories brand company's stock worth $5,556,000 after acquiring an additional 1,421,399 shares in the last quarter. Miller Value Partners LLC lifted its stake in Fossil Group by 92.9% during the fourth quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company's stock worth $4,294,000 after purchasing an additional 1,237,880 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fossil Group in the 4th quarter valued at $810,000. First Eagle Investment Management LLC bought a new position in shares of Fossil Group in the 4th quarter valued at $552,000. Finally, Bridgeway Capital Management LLC increased its stake in shares of Fossil Group by 193.9% in the 4th 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. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Stock Performance

NASDAQ FOSL remained flat at $1.49 during trading on Friday. The company's stock had a trading volume of 121,506 shares, compared to its average volume of 554,819. The stock has a market capitalization of $79.91 million, a P/E ratio of -0.64 and a beta of 2.23. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group, Inc. has a 12-month low of $0.86 and a 12-month high of $2.61. The firm's fifty day moving average price is $1.18 and its 200 day moving average price is $1.48.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Fossil Group from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

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.