Ameriprise Financial Inc. Acquires 27,906 Shares of Fossil Group, Inc. (NASDAQ:FOSL)

Ameriprise Financial Inc. boosted its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,358,189 shares of the accessories brand company’s stock after acquiring an additional 27,906 shares during the quarter. Ameriprise Financial Inc. owned 4.43% of Fossil Group worth $3,938,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Fossil Group in the 4th quarter worth approximately $35,000. American Century Companies Inc. acquired a new position in shares of Fossil Group in the 4th quarter worth approximately $47,000. Walleye Capital LLC acquired a new position in shares of Fossil Group in the 4th quarter worth approximately $54,000. Northern Trust Corp lifted its position in shares of Fossil Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 117,199 shares of the accessories brand company’s stock worth $196,000 after purchasing an additional 17,221 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fossil Group by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 203,050 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 8,286 shares during the period. 61.14% of the stock is owned by institutional investors.

Fossil Group Stock Down 3.9%

Shares of NASDAQ FOSL opened at $1.49 on Tuesday. The company has a market capitalization of $79.91 million, a P/E ratio of -0.64 and a beta of 2.23. Fossil Group, Inc. has a 52-week low of $0.86 and a 52-week high of $2.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The company’s 50 day moving average price is $1.16 and its 200-day moving average price is $1.47.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Friday, May 16th.

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.