StockNews.com Begins Coverage on Fossil Group (NASDAQ:FOSL)

StockNews.com assumed coverage on shares of Fossil Group (NASDAQ:FOSL – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the accessories brand company’s stock.

Fossil Group Stock Performance

Shares of Fossil Group stock traded down $0.08 on Thursday, hitting $3.21. 1,119,576 shares of the company were exchanged, compared to its average volume of 482,317. The company has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.37. Fossil Group has a 1-year low of $3.14 and a 1-year high of $11.20. The company has a current ratio of 2.22, a quick ratio of 1.34 and a debt-to-equity ratio of 0.54.

Institutional Trading of Fossil Group

Several institutional investors have recently made changes to their positions in FOSL. Marshall Wace LLP purchased a new stake in shares of Fossil Group during the 3rd quarter valued at approximately $2,671,000. Norges Bank purchased a new stake in shares of Fossil Group during the 4th quarter valued at approximately $1,851,000. JPMorgan Chase & Co. raised its position in shares of Fossil Group by 1,781.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 422,705 shares of the accessories brand company’s stock valued at $2,185,000 after buying an additional 400,239 shares during the period. Ergoteles LLC purchased a new stake in shares of Fossil Group during the 3rd quarter valued at approximately $1,244,000. Finally, State Street Corp raised its position in shares of Fossil Group by 15.8% during the 2nd quarter. State Street Corp now owns 2,394,398 shares of the accessories brand company’s stock valued at $12,379,000 after buying an additional 327,515 shares during the period. Hedge funds and other institutional investors own 64.85% of the company’s stock.

About Fossil Group

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Fossil Group, Inc engages in the design, marketing and distribution of consumer fashion accessories. The firm operates through the following geographical segments: Americas, Europe, and Asia. Its products include men’s and women’s fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites.