Squarepoint Ops LLC Takes $29,000 Position in Fossil Group, Inc. (NASDAQ:FOSL)

Squarepoint Ops LLC bought a new stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,515 shares of the accessories brand company’s stock, valued at approximately $29,000.

Several other large investors have also recently modified their holdings of the stock. Nantahala Capital Management LLC grew its position in Fossil Group by 74.6% in the 4th quarter. Nantahala Capital Management LLC now owns 3,326,677 shares of the accessories brand company’s stock valued at $5,556,000 after acquiring an additional 1,421,399 shares during the last quarter. Miller Value Partners LLC grew its position in shares of Fossil Group by 92.9% during the 4th quarter. Miller Value Partners LLC now owns 2,571,080 shares of the accessories brand company’s stock worth $4,294,000 after buying an additional 1,237,880 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Fossil Group during the 4th quarter worth $810,000. First Eagle Investment Management LLC bought a new position in shares of Fossil Group during the 4th quarter worth $552,000. Finally, Fund 1 Investments LLC grew its position in shares of Fossil Group by 286.1% during the 4th quarter. Fund 1 Investments LLC now owns 388,485 shares of the accessories brand company’s stock worth $649,000 after buying an additional 287,864 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.

Fossil Group Trading Up 2.9%

Shares of NASDAQ:FOSL opened at $1.41 on Wednesday. Fossil Group, Inc. has a 52-week low of $0.86 and a 52-week high of $2.61. The stock has a market cap of $75.62 million, a price-to-earnings ratio of -0.61 and a beta of 2.45. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $1.22 and a 200-day moving average price of $1.49.

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

Wall Street Analysts Forecast Growth

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

Fossil Group 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.