Fossil Group (NASDAQ:FOSL) Upgraded by StockNews.com to Buy Rating

Fossil Group (NASDAQ:FOSL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Fossil Group Stock Up 8.6 %

FOSL traded up $0.10 on Monday, hitting $1.26. The company had a trading volume of 485,783 shares, compared to its average volume of 551,474. Fossil Group has a 12-month low of $0.75 and a 12-month high of $1.74. The stock has a market capitalization of $66.94 million, a price-to-earnings ratio of -0.54 and a beta of 2.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.22 and a current ratio of 1.94. The stock has a fifty day moving average price of $1.16 and a 200-day moving average price of $1.21.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, August 8th. The accessories brand company reported ($0.47) earnings per share for the quarter. Fossil Group had a negative return on equity of 38.19% and a negative net margin of 10.07%. The business had revenue of $260.00 million for the quarter.

Institutional Investors Weigh In On Fossil Group

A number of large investors have recently modified their holdings of FOSL. Nantahala Capital Management LLC grew its stake in shares of Fossil Group by 45.8% during the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after acquiring an additional 598,940 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fossil Group during the second quarter worth about $131,000. Price T Rowe Associates Inc. MD grew its stake in shares of Fossil Group by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock worth $102,000 after acquiring an additional 49,100 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Fossil Group in the second quarter valued at approximately $28,000. Finally, Acadian Asset Management LLC boosted its position in Fossil Group by 3.3% in the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after buying an additional 18,764 shares during the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.

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.