Maxim Group started 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 upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.
Check Out Our Latest Research Report on Fossil Group
Fossil Group Stock Performance
FOSL traded up $0.10 on Tuesday, reaching $1.58. The stock had a trading volume of 834,011 shares, compared to its average volume of 499,348. The business's 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.45. The company has a market cap of $84.74 million, a P/E ratio of -0.88 and a beta of 2.44. Fossil Group has a 12-month low of $0.86 and a 12-month high of $2.61. The company has a current ratio of 1.84, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34.
Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) earnings per share for the quarter. The business had revenue of $233.30 million during the quarter. Fossil Group had a negative net margin of 8.55% and a negative return on equity of 23.80%.
Institutional Trading of Fossil Group
Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC purchased a new position in Fossil Group in the 4th quarter valued at about $552,000. Arrowstreet Capital Limited Partnership purchased a new stake in Fossil Group during the 4th quarter worth approximately $810,000. Two Sigma Investments LP raised its holdings in shares of Fossil Group by 28.6% during 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 acquiring an additional 205,489 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of 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 acquiring an additional 213,300 shares in the last quarter. Finally, Fund 1 Investments LLC boosted its stake in shares of 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 worth $649,000 after acquiring an additional 287,864 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
About Fossil Group
(
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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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