Fossil Group (NASDAQ:FOSL) Stock Passes Above 200 Day Moving Average - Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.44 and traded as high as $1.80. Fossil Group shares last traded at $1.73, with a volume of 430,180 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on FOSL shares. Maxim Group began coverage on Fossil Group in a research report on Tuesday, July 1st. They issued a "buy" rating and a $5.00 price target on the stock. Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

Fossil Group Stock Up 8.8%

The company has a quick ratio of 1.14, a current ratio of 1.84 and a debt-to-equity ratio of 1.34. The company's fifty day simple moving average is $1.42 and its 200 day simple moving average is $1.44. The firm has a market capitalization of $92.78 million, a PE ratio of -0.96 and a beta of 2.39.

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. Fossil Group had a negative net margin of 8.55% and a negative return on equity of 23.80%. The business had revenue of $233.30 million for the quarter.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently added to or reduced their stakes in FOSL. Nantahala Capital Management LLC lifted its stake in shares of Fossil Group by 74.6% during 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 during the period. Miller Value Partners LLC lifted its stake in shares of Fossil Group by 92.9% during the fourth 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 position in shares of Fossil Group during the fourth quarter worth about $810,000. First Eagle Investment Management LLC purchased a new stake in shares of Fossil Group during the fourth quarter worth about $552,000. Finally, Fund 1 Investments LLC increased its position in shares of 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 worth $649,000 after acquiring an additional 287,864 shares during the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

About Fossil Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.