Fossil Group, Inc. Reports Second Quarter Fiscal 2015 Results;

Oppenheimer Cuts Price Target on Fossil Group (FOSL) Seeing 'More Headwinds than Tailwinds

Oppenheimer maintained a Perform rating on Fossil (NASDAQ: FOSL), and cut the price target to $70.00 (from $85.00), seeing "more headwinds than tailwinds". After 3Q15 sales guidance for down 10-15%, annual guidance for -4-8% embeds sales growth in 4Q15. Analyst Anna Andreeva lowered '15/'16 EPS... More

Piper Jaffray Cuts Price Target on Fossil Group (FOSL) to $53 Following 2Q Results

Piper Jaffray maintained an Underweight rating on Fossil (NASDAQ: FOSL), and cut the price target to $53.00 (from $60.00), following the company's 2Q earnings report. FOSL reported Q2 EPS results of $1.12, beating the Street at $0.82. Revenues came in light at $740M, below the Street at $751M. Q3 guidance came in well below expectations... More

Cowen Cuts Price Target on Fossil Group (FOSL) to $57 Following 2Q EPS Beat

Cowen reiterated a Market Perform rating on Fossil (NASDAQ: FOSL), and cut the price target to $57.00 (from $65.00), following the company's 2Q15 earnings release. FOSL's overall GAAP EPS was $1.12 vs. guidance of $0.80-$0.91 and Streets $0.82 estimate. Management has lowered FY15 guidance to $4.80 to $5.60 (from $5.25 to... More

Fossil Group (FOSL) Tops Q2 EPS by 30c

Fossil Group (NASDAQ: FOSL) reported Q2 EPS of $1.12, $0.30 better than the analyst estimate of $0.82. Revenue for the quarter came in at $740 million versus the consensus estimate of $750.35 million.

Kosta Kartsotis, Chief Executive Officer, commented on the results. "For the second quarter, we delivered constant currency sales growth across all regions and earnings per share growth ahead of our expectations. Sales were strong for both Fossil and Skagen in all regions, with early indications that our demand creation initiatives are... More