Shares of Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.55. Fossil Group shares last traded at $1.48, with a volume of 448,599 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Fossil Group from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.
Read Our Latest Stock Analysis on FOSL
Fossil Group Stock Performance
The firm's 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.46. The firm has a market cap of $80.45 million, a PE ratio of -0.83 and a beta of 2.45. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.84.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) EPS for the quarter. The company 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%.
Hedge Funds Weigh In On Fossil Group
Several hedge funds and other institutional investors have recently made changes to their positions in FOSL. Squarepoint Ops LLC acquired a new position in shares of Fossil Group during the fourth quarter worth $29,000. Raymond James Financial Inc. acquired a new position in shares of Fossil Group in the 4th quarter valued at $35,000. American Century Companies Inc. acquired a new stake in Fossil Group during the 4th quarter worth $47,000. Jane Street Group LLC lifted its position 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 acquiring an additional 20,530 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Fossil Group in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 61.14% of the company's stock.
Fossil Group Company Profile
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Get 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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