Fossil Group (FOSL) Surges on Short Squeeze
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Fossil (FOSL) Postmarket Reaction Overdone, Sell - Piper Jaffray
February 17, 2016 9:00 AM ESTPiper Jaffray analyst, Erinn Murphy, reiterated her Underperform rating and $29 PT on Fossil (NASDAQ: FOSL) as weak guidance was initially overshadowed by a low quality earnings beat. She sees shares of FOSL as a show me situation and would be sellers this morning.
FOSL reported better-than expected Q4 results with EPS of... More
Wall St. rallies for third session, led by energy shares
February 17, 2016 7:39 AM ESTBy Lewis Krauskopf
(Reuters) - U.S. stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
Nine of the 10 major S&P sectors closed higher, with energy rising 2.9 percent.
The S&P 500 posted its first three-day rally of 2016, and ended with its biggest three-day percentage rise since August. With Wednesday's performance, the Dow industrials had erased nearly all its losses for February.
Still, the benchmark S&P remains down 5.7 percent this year. The steep slide in oil, whose... More
Too Early to Buy Fossil (FOSL) - Cowen
February 17, 2016 7:36 AM ESTCowen analyst, Oliver Chen, cut his price target on Fossil (NASDAQ: FOSL) to $41 from $42 and maintained his Market Perform rating since new guidance implies a second half inflection point. Acknowledging the opportunity for connected devices, he is waiting for visibility on new product... More
Mizuho Securities Raises Price Target as Tax Benefits Drive Fossil Group's (FOSL) 4Q EPS
February 17, 2016 7:35 AM ESTMizuho Securities reiterated a Neutral rating on Fossil (NASDAQ: FOSL), and raised the price target to $36.00 (from $30.00), following the company's 4Q earnings report. FOSL reported EPS of $1.46 vs. consensus $1.31, partially due to a ~$0.10 lower tax benefit.
Analyst Betty Chen commented, "We have... More
Fossil Group (FOSL) Tops Q4 EPS by 16c, Offers Q1 & FY Guidance
February 16, 2016 4:05 PM ESTFossil Group (NASDAQ: FOSL) reported Q4 EPS of $1.46, $0.16 better than the analyst estimate of $1.30. Revenue for the quarter came in at $992.3 million versus the consensus estimate of $923.86 million.
GUIDANCE:
Fossil Group sees Q1 2016 EPS of $0.05-$0.20,... More
