Crown Advisors Management Inc. Takes Position in Fossil Group, Inc. $FOSL

Crown Advisors Management Inc. bought a new stake in Fossil Group, Inc. (NASDAQ:FOSL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the accessories brand company’s stock, valued at approximately $414,000. Crown Advisors Management Inc. owned approximately 0.17% of Fossil Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wexford Capital LP bought a new position in Fossil Group during the third quarter valued at $28,000. Carrera Capital Advisors bought a new stake in shares of Fossil Group in the 4th quarter worth about $38,000. Qube Research & Technologies Ltd bought a new stake in shares of Fossil Group in the 3rd quarter worth about $39,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Fossil Group during the 3rd quarter valued at about $45,000. Finally, Jane Street Group LLC raised its position in shares of 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 buying an additional 20,530 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on FOSL shares. Wall Street Zen upgraded Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research note on Friday, July 17th. Finally, Northland Securities set a $8.00 target price on Fossil Group in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fossil Group has an average rating of “Hold” and a consensus price target of $7.50.

Fossil Group Stock Performance

Shares of FOSL opened at $5.57 on Monday. The company’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $4.40. The company has a market cap of $315.48 million, a P/E ratio of -4.35 and a beta of 1.62. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. Fossil Group, Inc. has a twelve month low of $1.70 and a twelve month high of $6.25.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The firm had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $199.33 million. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. As a group, analysts expect that Fossil Group, Inc. will post -0.04 EPS for the current year.

About Fossil Group

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.