Cubist Systematic Strategies LLC Takes Position in Fossil Group, Inc. (NASDAQ:FOSL)

Cubist Systematic Strategies LLC acquired a new stake in Fossil Group, Inc. (NASDAQ:FOSL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,512 shares of the accessories brand company’s stock, valued at approximately $63,000. Cubist Systematic Strategies LLC owned 0.07% of Fossil Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nantahala Capital Management LLC increased its stake in shares of Fossil Group by 74.6% in the fourth quarter. Nantahala Capital Management LLC now owns 3,326,677 shares of the accessories brand company’s stock valued at $5,556,000 after buying an additional 1,421,399 shares during the period. Miller Value Partners LLC increased its stake in shares of Fossil Group by 92.9% in the fourth quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company’s stock valued at $4,294,000 after buying an additional 1,237,880 shares during the period. Ameriprise Financial Inc. increased its position in Fossil Group by 1.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,358,189 shares of the accessories brand company’s stock valued at $3,938,000 after purchasing an additional 27,906 shares during the period. Geode Capital Management LLC increased its position in Fossil Group by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 497,386 shares of the accessories brand company’s stock valued at $831,000 after purchasing an additional 7,211 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Fossil Group during the 4th quarter valued at approximately $810,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Friday.

Fossil Group Stock Performance

NASDAQ:FOSL opened at $1.65 on Tuesday. The company has a market capitalization of $88.47 million, a PE ratio of -0.71 and a beta of 2.23. The company has a 50 day simple moving average of $1.15 and a two-hundred day simple moving average of $1.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $2.61.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, May 14th. The accessories brand company reported ($0.10) EPS for the quarter. The company had revenue of $233.30 million for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.

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.