Fossil Group (NASDAQ:FOSL) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Fossil Group (NASDAQ:FOSL) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Fossil Group Price Performance

Shares of FOSL stock opened at $1.16 on Tuesday. Fossil Group has a 12 month low of $0.86 and a 12 month high of $2.61. The company has a market capitalization of $61.93 million, a P/E ratio of -0.50 and a beta of 2.23. The stock has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.45. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share for the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%. The firm had revenue of $342.30 million for the quarter.

Institutional Investors Weigh In On Fossil Group

A number of institutional investors have recently added to or reduced their stakes in FOSL. LVW Advisors LLC acquired a new position in shares of Fossil Group in the 4th quarter worth approximately $100,000. Raymond James Financial Inc. bought a new stake in Fossil Group in the fourth quarter valued at $35,000. First Eagle Investment Management LLC acquired a new position in Fossil Group during the fourth quarter worth $552,000. American Century Companies Inc. bought a new position in shares of Fossil Group during the fourth quarter valued at $47,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fossil Group in the 4th quarter valued at $810,000. 61.14% of the stock is 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.