Fossil Group (NASDAQ:FOSL) Coverage Initiated at Maxim Group

Maxim Group assumed coverage on shares of Fossil Group (NASDAQ:FOSL - Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $5.00 target price on the accessories brand company's stock.

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

Fossil Group Price Performance

Shares of FOSL traded down $0.12 during midday trading on Tuesday, reaching $1.56. The stock had a trading volume of 67,894 shares, compared to its average volume of 497,410. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.84 and a quick ratio of 1.14. The company has a market capitalization of $83.39 million, a P/E ratio of -0.86 and a beta of 2.39. The firm's 50 day moving average price is $1.39 and its 200-day moving average price is $1.45. Fossil Group has a 52 week low of $0.86 and a 52 week high of $2.61.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) earnings per share (EPS) for the quarter. Fossil Group had a negative return on equity of 23.80% and a negative net margin of 8.55%. The firm had revenue of $233.30 million for the quarter.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently modified their holdings of FOSL. Nantahala Capital Management LLC lifted its holdings in shares of Fossil Group by 74.6% during 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 holdings in Fossil Group by 92.9% during 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 buying an additional 1,237,880 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Fossil Group during the 4th quarter worth about $810,000. First Eagle Investment Management LLC purchased a new stake in Fossil Group during the fourth quarter valued at about $552,000. Finally, Fund 1 Investments LLC lifted its stake in Fossil Group by 286.1% during the fourth quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company's stock valued at $649,000 after buying an additional 287,864 shares in the last quarter. 61.14% of the stock is owned by institutional investors.

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.