Fossil Group (NASDAQ:FOSL) Upgraded at Wall Street Zen

Fossil Group (NASDAQ:FOSL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Maxim Group began coverage on Fossil Group in a research note on Tuesday, July 1st. They set a “buy” rating and a $5.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Fossil Group presently has an average rating of “Buy” and a consensus target price of $5.00.

Fossil Group Trading Up 0.6%

NASDAQ:FOSL opened at $3.12 on Friday. Fossil Group has a 52 week low of $0.86 and a 52 week high of $3.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.83. The firm’s fifty day moving average is $2.28 and its 200-day moving average is $1.63. The firm has a market cap of $167.79 million, a P/E ratio of -2.81 and a beta of 2.21.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.11. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%. The business had revenue of $220.40 million for the quarter, compared to analyst estimates of $198.04 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Fossil Group by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 203,050 shares of the accessories brand company’s stock valued at $339,000 after buying an additional 8,286 shares during the period. Bridgeway Capital Management LLC boosted its stake in Fossil Group by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock valued at $629,000 after acquiring an additional 10,249 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Fossil Group by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock valued at $3,643,000 after acquiring an additional 13,091 shares during the period. Northern Trust Corp increased its stake in shares of Fossil Group by 17.2% during 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 last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Fossil Group during the 4th quarter worth approximately $29,000. 61.14% of the stock is owned by institutional investors.

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.