Fossil Group (FOSL) Surges on Short Squeeze

Fossil (FOSL) Postmarket Reaction Overdone, Sell - Piper Jaffray

February 17, 2016 9:00 AM EST

Piper 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 EST

By 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 EST

Cowen 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 EST

Mizuho 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 EST

Fossil 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