Fossil Group (NASDAQ:FOSL) Rating Increased to Buy at StockNews.com

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

Fossil Group Stock Up 2.3 %

Shares of Fossil Group stock opened at $1.31 on Monday. Fossil Group has a 1-year low of $0.75 and a 1-year high of $1.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The business has a 50-day moving average of $1.17 and a 200-day moving average of $1.21.

Institutional Investors Weigh In On Fossil Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of Fossil Group during the second quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC grew its holdings 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 worth $29,000 after acquiring an additional 9,624 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fossil Group in the 2nd quarter worth about $131,000. Price T Rowe Associates Inc. MD raised its stake in shares of Fossil Group by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after purchasing an additional 49,100 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position 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 worth $592,000 after purchasing an additional 18,764 shares during the last quarter. 61.14% of the stock is currently owned by hedge funds and other 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.