Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.52 and traded as high as $3.09. Fossil Group shares last traded at $3.02, with a volume of 499,483 shares traded.
Analysts Set New Price Targets
FOSL has been the subject of several research analyst reports. Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Maxim Group initiated coverage on Fossil Group in a research report on Tuesday, July 1st. They set a "buy" rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $5.00.
Get Our Latest Research Report on Fossil Group
Fossil Group Stock Performance
The stock has a market capitalization of $164.57 million, a PE ratio of -2.76 and a beta of 2.21. The stock has a fifty day moving average of $1.95 and a 200-day moving average of $1.53. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24.
Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.11. The firm had revenue of $220.40 million during the quarter, compared to analyst estimates of $198.04 million. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.
Institutional Trading of Fossil Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in Fossil Group in the fourth quarter valued at $29,000. Raymond James Financial Inc. acquired a new stake in Fossil Group in the fourth quarter valued at $35,000. Jane Street Group LLC raised its stake in Fossil Group by 93.1% in the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock valued at $49,000 after buying an additional 20,530 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Fossil Group in the fourth quarter valued at $63,000. Finally, XTX Topco Ltd acquired a new stake in Fossil Group in the second quarter valued at $122,000. 61.14% of the stock is currently owned by institutional investors and hedge funds.
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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