UPDATE: Piper Jaffray Downgrades Fossil (FOSL) to Underweight
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Fossil (FOSL) PT Cut to $130 at Jefferies Post Q4; 'Buy' Maintained
February 18, 2015 7:40 AM ESTJefferies analyst Randal Konik lowered his price target on Fossil (NASDAQ: FOSL) to $130.00 (from $150.00) following Q4 results and sharply lower 2015 guidance. However, the firm is maintaining a Buy rating, saying they see an opportunity to initiate long-term positions with today.
Konik commented, "Like... More
Fossil Group (FOSL) Misses Q4 EPS by 7c
February 17, 2015 4:03 PM ESTFossil Group (NASDAQ: FOSL) reported Q4 EPS of $3.00, $0.07 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.12 billion.
Wholesale net sales decreased 4%; decreased 1% in constant currency, with increases in Europe and... More