Fossil Group, Inc. (NASDAQ:FOSL) Shares Purchased by Nantahala Capital Management LLC

Nantahala Capital Management LLC grew its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 74.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,326,677 shares of the accessories brand company’s stock after purchasing an additional 1,421,399 shares during the quarter. Nantahala Capital Management LLC owned approximately 6.25% of Fossil Group worth $5,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOSL. Raymond James Financial Inc. purchased a new position in Fossil Group in the 4th quarter worth approximately $35,000. American Century Companies Inc. purchased a new position in shares of Fossil Group during the 4th quarter valued at approximately $47,000. Walleye Capital LLC purchased a new position in shares of Fossil Group during the 4th quarter valued at approximately $54,000. LVW Advisors LLC purchased a new position in shares of Fossil Group during the 4th quarter valued at approximately $100,000. Finally, Northern Trust Corp boosted its stake in shares of Fossil Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 117,199 shares of the accessories brand company’s stock valued at $196,000 after buying an additional 17,221 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Fossil Group Stock Performance

FOSL stock opened at $0.90 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The firm has a market cap of $48.19 million, a P/E ratio of -0.39 and a beta of 2.17. Fossil Group, Inc. has a 12-month low of $0.75 and a 12-month high of $2.61. The stock’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.46.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $342.30 million for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 15th.

Fossil Group 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.