Fossil Group (FOSL) Tops Q2 EPS by 30c
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August 12, 2015 3:48 PM EDT
KeyBanc 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
August 12, 2015 10:20 AM EDT
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
August 12, 2015 9:38 AM EDT
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
