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

Fossil (FOSL) Slowdown, Disruption Finally Coming Home to Roost, Says KeyBanc

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

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

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

Pre-Open Stock Movers 08/12: (W) (SLTD) (CDK) Higher; (APP) (FOSL) (BABA) Lower (more...)

August 12, 2015 9:25 AM EDT

American Apparel (NYSE: APP) 24.7% LOWER; will delay 10-Q, evaluate alternatives

Wayfair (NYSE:... More

Short Interest in Retail Sector (XRT) Declines Sequentially for First Time Since Early April - Cowen

August 12, 2015 9:11 AM EDT

Cowen analyst John Kernan noted short in the retail sector fell sequentially for the first time since early April.

Kerna commented, "XRT has underperformed the SPX each of the past five years in the July - August time frame (XRT is -290bps to SPX since 7/1) and with... More

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

August 12, 2015 7:06 AM EDT

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

After-Hours Stock Movers 08/11: (CDK) (CLBS) (MYGN) Higher; (FRPT) (FOSL) (HMIN) Lower (more...)

August 11, 2015 6:07 PM EDT

CDK Global (NASDAQ: CDK) 10.3% HIGHER; said to be working with Morgan Stanley to explore sale, according to Bloomberg.

Freshpet (NASDAQ: FRPT) 7.5% LOWER; reported Q2 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $28.4 million versus the consensus estimate of $27.22 million. Freshpet Fridges increased 14.0% to 14,354 from 12,593

Atlas Energy Group, LLC (NASDAQ: ATLS) 6.6% HIGHER; Leon Cooperman files 13D

Fossil Group (NASDAQ:... More

Market Wrap: Yuan Devaluation Roils Markets; Nonfarm Productivity Lags in July; GE to Sell Healthcare Financial Unit

August 11, 2015 5:23 PM EDT

Market wrap for August 11th

End of the Day: S&P 500 down 20.1 to 2,084.07; Dow Jones down 212.3 to 17,402.84; Nasdaq down 65.0 to 5,036.79

Market Brief: Markets were hit as China moved to devalue the yuan today. The People's Bank of China said the currency will be fixed based on how the yuan closes the previous trading session versus the U.S. dollar, versus a previous 2 percent allowance up or down against the dollar midpoint. The PBOC said this was to make the yuan's midpoint more... More

Fossil Group (FOSL) Tops Q2 EPS by 30c

August 11, 2015 4:02 PM EDT

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

Trading Radar for 8/10: Towers Watson (TW), Cree (CREE), CyberArk (CYBR), Arcos Dorados (ARCO), Fossil (FOSL) Report

August 10, 2015 2:18 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Productivity: Prelim. - Street sees 1.4%Unit Labor Costs: Prelim. - Street sees 0.1%

Earnings:

Addvantage Technologies Group, Inc. (Nasdaq: AEY) - no Street consensus
AerCap Holdings (NYSE: AER) - consensus EPS $1.32
Aldeyra Therapeutics (Nasdaq: ALDX) - consensus loss $0.35
Applied DNA Sciences (Nasdaq: APDN) - consensus... More

Piper Jaffray Cuts Price Target on Fossil Group (FOSL) to $60 Ahead of 2Q Earnings

August 10, 2015 7:00 AM EDT

Piper Jaffray maintained an Underweight rating on Fossil (NASDAQ: FOSL), and cut the price target to $60.00 (from $65.00), ahead of its 2Q earnings release. Analyst Erinn Murphy is expecting an in-line quarter, but sees a possible risk to Q3 guidance as the company laps a large quarter last year. Piper Jaffray has lowered its 3Q EPS estimates... More