Fossil Group (NASDAQ:FOSL) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Fossil Group (NASDAQ:FOSL) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Fossil Group Stock Performance

NASDAQ:FOSL opened at $1.26 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.22 and a current ratio of 1.94. The stock’s fifty day moving average is $1.16 and its 200 day moving average is $1.21. The firm has a market capitalization of $66.94 million, a PE ratio of -0.54 and a beta of 2.18. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $1.74.

Institutional Trading of Fossil Group

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in shares of Fossil Group during the second quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC raised its position in Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after purchasing an additional 9,624 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fossil Group in the 2nd quarter worth $131,000. Price T Rowe Associates Inc. MD grew its position in shares of Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock worth $102,000 after buying an additional 49,100 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Fossil Group by 3.3% during the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after buying an additional 18,764 shares during the period. 61.14% of the stock is currently 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.