95,936 Shares in Fossil Group, Inc. $FOSL Bought by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 95,936 shares of the accessories brand company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carrera Capital Advisors bought a new stake in shares of Fossil Group in the fourth quarter worth about $38,000. Wexford Capital LP bought a new position in shares of Fossil Group during the 3rd quarter valued at about $28,000. Qube Research & Technologies Ltd acquired a new position in shares of Fossil Group in the 3rd quarter valued at approximately $39,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Fossil Group in the 4th quarter valued at approximately $63,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Fossil Group in the 3rd quarter valued at approximately $45,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FOSL has been the topic of several research analyst reports. Northland Securities set a $8.00 target price on shares of Fossil Group in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Fossil Group currently has an average rating of “Hold” and a consensus target price of $7.50.

Fossil Group Stock Down 4.2%

Shares of Fossil Group stock opened at $5.50 on Wednesday. The business’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $4.43. Fossil Group, Inc. has a 52-week low of $1.70 and a 52-week high of $6.25. The firm has a market cap of $311.52 million, a PE ratio of -4.30 and a beta of 1.62. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.05 and a current ratio of 1.76.

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

Fossil Group Profile

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.