Weiss Ratings Reiterates Sell (D-) Rating for Fossil Group (NASDAQ:FOSL)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Fossil Group (NASDAQ:FOSL), reflecting ongoing concerns about the company's performance.
• Fossil Group's stock recently opened at $2.46, with a 12-month low of $0.86 and a high of $3.58, indicating significant volatility in its value.
• Despite some positive earnings results in terms of exceeding estimates, the company still has a negative net margin of 5.49% and a negative return on equity of 12.07%.

Fossil Group (NASDAQ:FOSL - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on the stock. Maxim Group initiated coverage on shares of Fossil Group in a report on Tuesday, July 1st. They set a "buy" rating and a $5.00 price target on the stock. Wall Street Zen downgraded shares of Fossil Group from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.00.

Fossil Group Stock Down 1.2%

FOSL stock opened at $2.46 on Wednesday. Fossil Group has a 12-month low of $0.86 and a 12-month high of $3.58. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. The company has a market cap of $132.30 million, a price-to-earnings ratio of -2.22 and a beta of 2.17. The company has a 50 day moving average of $2.68 and a two-hundred day moving average of $1.81.

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, topping analysts' consensus estimates of ($0.21) by $0.11. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%. The company had revenue of $220.40 million during the quarter, compared to the consensus estimate of $198.04 million.

Institutional Trading of Fossil Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in Fossil Group by 93.1% in the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock worth $49,000 after purchasing an additional 20,530 shares during the last quarter. XTX Topco Ltd acquired a new stake in Fossil Group in the 2nd quarter worth $122,000. American Century Companies Inc. grew its position in Fossil Group by 356.9% in the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company's stock worth $148,000 after purchasing an additional 100,783 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Fossil Group by 43.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company's stock worth $166,000 after purchasing an additional 43,849 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Fossil Group by 85.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company's stock worth $258,000 after purchasing an additional 103,203 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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