Point72 Asia Singapore Pte. Ltd. Acquires Shares of 91,241 Fossil Group, Inc. (NASDAQ:FOSL)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 91,241 shares of the accessories brand company’s stock, valued at approximately $131,000. Point72 Asia Singapore Pte. Ltd. owned 0.17% of Fossil Group at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FOSL. Vanguard Group Inc. increased its stake in shares of Fossil Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock valued at $2,726,000 after buying an additional 15,279 shares during the period. Acadian Asset Management LLC lifted its stake in 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 worth $592,000 after acquiring an additional 18,764 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after purchasing an additional 49,100 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares in the last quarter. 61.14% of the stock is owned by institutional investors.

Fossil Group Trading Up 10.7 %

FOSL opened at $1.24 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.94 and a debt-to-equity ratio of 0.84. Fossil Group, Inc. has a 52 week low of $0.75 and a 52 week high of $2.11. The stock has a market cap of $65.88 million, a PE ratio of -0.46 and a beta of 2.19. The business has a 50 day moving average of $1.13 and a 200-day moving average of $1.14.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Thursday, August 8th. The accessories brand company reported ($0.47) EPS for the quarter. Fossil Group had a negative net margin of 11.90% and a negative return on equity of 45.04%. The firm had revenue of $260.00 million for the quarter.

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.