Crown Advisors Management Inc. Acquires New Stake in Fossil Group, Inc. $FOSL

Crown Advisors Management Inc. bought a new position in Fossil Group, Inc. (NASDAQ:FOSL) during the second quarter, HoldingsChannel.com reports. The fund bought 100,000 shares of the accessories brand company’s stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOSL. Wexford Capital LP purchased a new stake in shares of Fossil Group during the third quarter valued at $28,000. Carrera Capital Advisors bought a new position in shares of Fossil Group in the fourth quarter worth about $38,000. Qube Research & Technologies Ltd purchased a new position in Fossil Group in the 3rd quarter worth about $39,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Fossil Group in the 3rd quarter worth about $45,000. Finally, Jane Street Group LLC lifted its holdings in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after buying an additional 20,530 shares in the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FOSL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Wall Street Zen raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Northland Securities set a $8.00 price target on shares of Fossil Group in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.50.

Fossil Group Price Performance

FOSL opened at $5.57 on Monday. Fossil Group, Inc. has a 12-month low of $1.70 and a 12-month high of $6.25. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. The business’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $4.40. The company has a market capitalization of $315.48 million, a price-to-earnings ratio of -4.35 and a beta of 1.62.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.16. The firm had revenue of $209.69 million for the quarter, compared to analyst estimates of $199.33 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. On average, equities research analysts anticipate that Fossil Group, Inc. will post -0.04 earnings per share for the current fiscal year.

Fossil Group Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.