Fossil Group (NASDAQ:FOSL) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Fossil Group, Inc. (NASDAQ:FOSL) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.45 and traded as high as $1.60. Fossil Group shares last traded at $1.48, with a volume of 391,913 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Fossil Group Price Performance

The company has a market capitalization of $78.73 million, a price-to-earnings ratio of -0.64 and a beta of 2.18. The company has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81.

Hedge Funds Weigh In On Fossil Group

Several institutional investors have recently modified their holdings of the business. Nantahala Capital Management LLC lifted its holdings in shares of Fossil Group by 74.6% during 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 purchasing an additional 1,421,399 shares in the last quarter. Miller Value Partners LLC raised its stake 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 purchasing an additional 1,237,880 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 worth $3,938,000 after purchasing an additional 27,906 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Fossil Group by 16.3% during the 4th quarter. Two Sigma Advisers LP now owns 1,016,900 shares of the accessories brand company’s stock worth $1,698,000 after purchasing an additional 142,600 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Fossil Group by 28.6% during the 4th quarter. Two Sigma Investments LP now owns 924,765 shares of the accessories brand company’s stock worth $1,544,000 after purchasing an additional 205,489 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.

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.