StockNews.com Upgrades Fossil Group (NASDAQ:FOSL) to Buy

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

Fossil Group Stock Up 8.6 %

Shares of NASDAQ FOSL traded up $0.10 during midday trading on Monday, hitting $1.26. 485,783 shares of the company’s stock were exchanged, compared to its average volume of 551,474. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.94 and a quick ratio of 1.22. Fossil Group has a twelve month low of $0.75 and a twelve month high of $1.74. The company has a market cap of $66.94 million, a PE ratio of -0.54 and a beta of 2.18. The firm’s fifty day simple moving average is $1.16 and its 200-day simple moving average is $1.21.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FOSL. AQR Capital Management LLC acquired a new position in Fossil Group during the second quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC increased its position in Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after buying an additional 9,624 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 buying an additional 49,100 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fossil Group in the second quarter valued at approximately $131,000. Finally, Acadian Asset Management LLC increased its holdings in shares of 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 purchasing an additional 18,764 shares during the period. Institutional investors and hedge funds own 61.14% of the company’s stock.

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.