Fossil Group (FOSL) Misses Q1 EPS by 3c, Slashes Guidance
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Oppenheimer Remains Sidelined on Fossil Group (FOSL) as Bear Case Appears to Play Out
May 12, 2016 9:02 AM EDTOppenheimer reiterated a Perform rating on Fossil Group (NASDAQ: FOSL) after lowering estimates as Bear case appears to be playing out. Oppenheimer cut 2016 sales 1.5%-2.5% yielding $1.00 trim to EPS could translate to additional risk to 2H16.
Analyst Anna Andreeva commented, "Bear... More
Jefferies Cuts Price Target on Fossil Group (FOSL) Following 1Q Miss
May 11, 2016 8:49 AM EDTJefferies maintained a Hold rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $32.00 (from $40.00), following the company's 1Q earnings report. Fossil reported sales of -9%, compared to the Street's -8% estimate. EPS of $0.12 came in below the Street's $0.15 estimate. The... More
Fossil (FOSL) M&A Risk Makes The Stock Un-Shortable - Cowen
May 11, 2016 6:59 AM EDTCowen analyst Oliver Chen, reiterated his Market Perform rating on Fossil (NASDAQ: FOSL) after 1Q sales & guidance missed on broad-based wholesale softness as core watch trends took marked turn for the worse. Investors are still concerned about execution risk in wearables but the... More
Fossil (FOSL) PT Cut to $25 at Piper Jaffray
May 11, 2016 6:21 AM EDTPiper Jaffray analyst Erinn Murphy reiterated an Underweight rating and lowered her price target on Fossil (NASDAQ: FOSL) to $25.00 (from $29.00).
Murphy commented, "On the heels of what amounted to be a disappointing quarter vs. expectations, we are reiterating our UW... More
