Two Sigma Investments LP grew its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 924,765 shares of the accessories brand company's stock after purchasing an additional 205,489 shares during the period. Two Sigma Investments LP owned approximately 1.74% of Fossil Group worth $1,544,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Nantahala Capital Management LLC boosted its position in shares of Fossil Group by 74.6% in 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 purchasing an additional 1,421,399 shares in the last quarter. Miller Value Partners LLC boosted its position in shares of Fossil Group by 92.9% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fossil Group in the 4th quarter worth $810,000. First Eagle Investment Management LLC acquired a new stake in shares of Fossil Group in the 4th quarter worth $552,000. Finally, Fund 1 Investments LLC boosted its position in shares of Fossil Group by 286.1% in the 4th quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company's stock worth $649,000 after purchasing an additional 287,864 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Fossil Group from a "hold" rating to a "buy" rating in a report on Friday, May 16th.
Check Out Our Latest Research Report on Fossil Group
Fossil Group Stock Performance
NASDAQ:FOSL traded up $0.01 during midday trading on Friday, hitting $1.46. The company's stock had a trading volume of 27,596 shares, compared to its average volume of 549,153. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. The firm's 50 day moving average is $1.21 and its 200-day moving average is $1.49. Fossil Group, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $2.61. The firm has a market cap of $78.31 million, a P/E ratio of -0.63 and a beta of 2.45.
Fossil Group (NASDAQ:FOSL - Get Free Report) last issued 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 during the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%.
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.
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