Fossil Group, Inc. Reports Second Quarter Fiscal 2015 Results;
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Fossil (FOSL) Slowdown, Disruption Finally Coming Home to Roost, Says KeyBanc
August 12, 2015 3:48 PM EDTKeyBanc earlier maintained an Underweight rating on Fossil (NASDAQ: FOSL) and lowered its price target to $60.00 (from $65.00). Analyst Edward Yruma described lackluster Q2 results as "not entirely surprising."
"Our downgrade to Underweight on January 10, 2014 had two fundamental elements a slowdown in the watch business and disruption from the AAPL watch both are finally coming home to roost. Updated guidance... More
Oppenheimer Cuts Price Target on Fossil Group (FOSL) Seeing 'More Headwinds than Tailwinds
August 12, 2015 10:20 AM EDTOppenheimer 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
August 12, 2015 9:38 AM EDTPiper 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
August 12, 2015 7:06 AM EDTCowen 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
August 11, 2015 4:02 PM EDTFossil 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
