Fossil Group (FOSL) Set to Announce Earnings on Wednesday

Fossil Group (NASDAQ:FOSLGet Rating) will be releasing its earnings data after the market closes on Wednesday, May 11th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

FOSL stock opened at $10.25 on Wednesday. Fossil Group has a 52-week low of $7.83 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.91. The stock has a market cap of $534.54 million, a price-to-earnings ratio of 21.35 and a beta of 1.42. The stock’s 50-day moving average price is $10.74.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in Fossil Group by 647.7% in the 2nd quarter. Morgan Stanley now owns 923,442 shares of the accessories brand company’s stock valued at $13,186,000 after buying an additional 799,940 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fossil Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 7,986,492 shares of the accessories brand company’s stock worth $82,181,000 after acquiring an additional 305,432 shares during the last quarter. Invesco Ltd. increased its position in shares of Fossil Group by 48.7% during the fourth quarter. Invesco Ltd. now owns 541,047 shares of the accessories brand company’s stock worth $5,567,000 after purchasing an additional 177,315 shares in the last quarter. State Street Corp raised its stake in Fossil Group by 2.0% in the 4th quarter. State Street Corp now owns 2,014,232 shares of the accessories brand company’s stock valued at $20,726,000 after purchasing an additional 40,285 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Fossil Group by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 496,249 shares of the accessories brand company’s stock valued at $5,880,000 after purchasing an additional 31,743 shares in the last quarter. 83.47% of the stock is owned by institutional investors.

Separately, StockNews.com began coverage on Fossil Group in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

About Fossil Group (Get Rating)

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.

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Earnings History for Fossil Group (NASDAQ:FOSL)

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