Fossil Group (NASDAQ:FOSL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Fossil Group (NASDAQ:FOSL) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research analysts also recently issued reports on FOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Maxim Group assumed coverage on Fossil Group in a report on Tuesday, July 1st. They set a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

Fossil Group Stock Down 9.8%

FOSL opened at $2.38 on Friday. The company has a market cap of $128.00 million, a P/E ratio of -2.14 and a beta of 2.17. The business’s 50-day moving average price is $2.82 and its 200-day moving average price is $1.88. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Fossil Group has a 12 month low of $0.86 and a 12 month high of $4.40.

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

Institutional Trading of Fossil Group

Large investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after acquiring an additional 20,530 shares in the last quarter. XTX Topco Ltd bought a new stake in Fossil Group during the 2nd quarter valued at approximately $122,000. American Century Companies Inc. boosted its position in shares of Fossil Group by 356.9% in the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock worth $148,000 after purchasing an additional 100,783 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Fossil Group by 43.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock worth $166,000 after purchasing an additional 43,849 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Fossil Group by 85.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company’s stock worth $258,000 after purchasing an additional 103,203 shares in the last quarter. 61.14% of the stock is owned by institutional investors.

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.