5 High-Flying Penny Stocks to Buy

​2. Fossil Group, Inc. (NASDAQ:FOSL)

Number of Hedge Fund Holders: 21

Fossil Group, Inc. (NASDAQ:FOSL) is one of the High-Flying Penny Stocks to Buy. On March 11, Fossil Group, Inc. (NASDAQ:FOSL) reported its fiscal Q4 2025 earnings. The revenue for the quarter decreased 19.8% year-over-year to $280.5 million, but topped the consensus by $31.22 million. However, the EPS of -$0.15 fell short of the consensus by $0.15.

​Management noted that the decline in revenue was mainly due to the adoption of the full-price selling model and reduced discounts to protect brand value. Moreover, store closures contributed around 4% to the decline as part of rationalization efforts. Notably, gross margins for the quarter were 57.4%, reflecting a 350 basis points increase year-over-year driven by full-price selling and operational improvements.

​Looking ahead, the company forecasts revenue in the range of $945 million and $965 million, reflecting a 4% to 6% decline due to $21 million in store closure impacts.

​Fossil Group, Inc. (NASDAQ:FOSL) is a global design, marketing, distribution, and innovation company focused on lifestyle accessories like watches, jewelry, handbags, small leather goods, belts, and sunglasses.