330,725 Shares in Fossil Group, Inc. (NASDAQ:FOSL) Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC purchased a new position in Fossil Group, Inc. (NASDAQ:FOSL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 330,725 shares of the accessories brand company’s stock, valued at approximately $552,000. First Eagle Investment Management LLC owned about 0.62% of Fossil Group as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Fossil Group during the 4th quarter worth approximately $35,000. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the third quarter valued at approximately $48,000. LVW Advisors LLC bought a new position in shares of Fossil Group in the fourth quarter worth approximately $100,000. Finally, RBF Capital LLC increased its stake in shares of Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after buying an additional 32,580 shares during the period. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Saturday.

Fossil Group Stock Down 6.1 %

NASDAQ FOSL opened at $1.54 on Monday. The business’s 50-day moving average is $1.65 and its 200 day moving average is $1.47. The stock has a market capitalization of $82.02 million, a PE ratio of -0.66 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, Inc. has a 1 year low of $0.75 and a 1 year high of $2.61.

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

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.