Fossil Group (FOSL) Scheduled to Post Earnings on Wednesday

Fossil Group (NASDAQ:FOSL) will be issuing its quarterly earnings data after the market closes on Wednesday, March 13th.

Fossil Group Stock Down 4.1 %

Fossil Group stock traded down $0.04 during mid-day trading on Thursday, hitting $0.92. The company had a trading volume of 217,255 shares, compared to its average volume of 494,898. Fossil Group has a 12 month low of $0.89 and a 12 month high of $4.31. The company has a current ratio of 2.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average price is $1.21 and its two-hundred day moving average price is $1.51. The company has a market capitalization of $48.33 million, a PE ratio of -0.35 and a beta of 2.04.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FOSL. Wolverine Trading LLC bought a new stake in Fossil Group in the 2nd quarter worth about $28,000. Hsbc Holdings PLC grew its stake in shares of Fossil Group by 98.2% in the fourth quarter. Hsbc Holdings PLC now owns 20,678 shares of the accessories brand company’s stock worth $30,000 after acquiring an additional 10,246 shares during the period. Captrust Financial Advisors raised its holdings in shares of Fossil Group by 83.5% during the second quarter. Captrust Financial Advisors now owns 5,759 shares of the accessories brand company’s stock valued at $30,000 after purchasing an additional 2,620 shares during the last quarter. Point72 Middle East FZE bought a new position in Fossil Group during the fourth quarter valued at approximately $34,000. Finally, American Century Companies Inc. purchased a new stake in Fossil Group in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 52.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

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.