D. E. Shaw & Co. Inc. trimmed its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 98,530 shares of the accessories brand company's stock after selling 308,703 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.19% of Fossil Group worth $165,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of FOSL. Raymond James Financial Inc. bought a new stake in shares of Fossil Group during the 4th quarter valued at $35,000. American Century Companies Inc. bought a new stake in shares of Fossil Group during the 4th quarter valued at $47,000. Walleye Capital LLC bought a new stake in shares of Fossil Group during the 4th quarter valued at $54,000. Cubist Systematic Strategies LLC bought a new stake in shares of Fossil Group during the 4th quarter valued at $63,000. Finally, Northern Trust Corp lifted its position in shares of 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 acquiring an additional 17,221 shares during the period. 61.14% of the stock is currently owned by institutional investors.
Fossil Group Price Performance
Shares of FOSL stock traded up $0.02 on Monday, hitting $1.50. 136,326 shares of the company's stock were exchanged, compared to its average volume of 552,741. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. Fossil Group, Inc. has a 12 month low of $0.86 and a 12 month high of $2.61. The stock has a market cap of $80.45 million, a P/E ratio of -0.64 and a beta of 2.23. The company has a 50 day moving average of $1.19 and a 200 day moving average of $1.48.
Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The accessories brand company reported ($0.10) earnings per share for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%. The business had revenue of $233.30 million for the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.
Read Our Latest 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.
Further Reading
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