Fossil Group (NASDAQ:FOSL) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Fossil Group (NASDAQ:FOSL) from a buy rating to a hold rating in a report issued on Friday.

Fossil Group Stock Performance

NASDAQ:FOSL opened at $1.38 on Friday. The firm has a market capitalization of $73.41 million, a P/E ratio of -0.59 and a beta of 2.12. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. Fossil Group has a one year low of $0.75 and a one year high of $2.61. The company’s 50-day simple moving average is $1.69 and its 200 day simple moving average is $1.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of Fossil Group during the fourth quarter valued at $29,000. Two Sigma Advisers LP boosted its stake in Fossil Group by 16.3% in 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. Two Sigma Investments LP grew its position in 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 valued at $1,544,000 after purchasing an additional 205,489 shares during the last quarter. Fund 1 Investments LLC increased its stake in 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 valued at $649,000 after purchasing an additional 287,864 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Fossil Group in the fourth quarter worth about $63,000. 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.