Fossil Group (NASDAQ:FOSL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fossil Group (NASDAQ:FOSL) from a hold rating to a buy rating in a report published on Saturday.

A number of other research analysts also recently commented on the stock. Maxim Group started coverage on shares of Fossil Group in a research report on Tuesday, July 1st. They issued a “buy” rating and a $5.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Fossil Group presently has an average rating of “Hold” and an average price target of $5.00.

Fossil Group Trading Up 5.0%

NASDAQ FOSL opened at $2.50 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. Fossil Group has a 52 week low of $0.86 and a 52 week high of $4.40. The stock has a market capitalization of $134.45 million, a PE ratio of -2.25 and a beta of 2.17. The firm has a 50 day moving average of $2.84 and a two-hundred day moving average of $1.90.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $198.04 million.

Institutional Trading of Fossil Group

A number of large investors have recently bought and sold shares of FOSL. Jane Street Group LLC boosted its stake 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 worth $49,000 after purchasing an additional 20,530 shares during the period. XTX Topco Ltd acquired a new stake in Fossil Group during the 2nd quarter worth $122,000. American Century Companies Inc. boosted its stake in Fossil Group by 356.9% during 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 period. Goldman Sachs Group Inc. boosted its stake in Fossil Group by 43.6% during 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Fossil Group by 85.1% during 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 period. Institutional investors and hedge funds 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.