Jefferies Cuts Price Target on Fossil Group (FOSL) Following 1Q Miss

S&P Downgrades Fossil Group (FOSL) Corp. Rating to Junk; Outlook Stable

May 12, 2016 2:15 PM EDT

S&P Global Ratings lowered its corporate credit rating on Fossil Group Inc. (Nasdaq: FOSL) to 'BB+' from 'BBB-'. The outlook is stable.

Concurrently, we lowered our issue-level rating on the company's $1.05 billion revolving credit facility and $231.25 million term loan to 'BB+' from 'BBB-' and assigned a '3' recovery ratings to these debt instruments, indicating our expectation for meaningful... More

Oppenheimer Remains Sidelined on Fossil Group (FOSL) as Bear Case Appears to Play Out

May 12, 2016 9:02 AM EDT

Oppenheimer 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

Wall Street slumps as Disney and Macy's slam consumer shares

May 11, 2016 7:38 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.

The consumer discretionary index fell 1.98 percent, notching its worst day in three months, with all but three of its 88 components losing ground.

The biggest drag on the Dow, Disney (NYSE: DIS) dropped 4.04 percent after it posted a rare earnings miss.

Department store Macy's (NYSE:... More

Fossil (FOSL) May weekly volatility at 197 into shares collapse to six-year low on Q1 results

May 11, 2016 7:06 AM EDT

Fossil (NASDAQ: FOSL) is recently down $12.60 to $27.50 in the premarket after reporting lower than expected Q1 and less than expected guidance. May weekly call option implied volatility is at 197, May is at 116, June is at 66; compared to its 52-week range of 20 to 88.

... More

Early pre-open market-options summary

May 11, 2016 7:01 AM EDT

Globex S&P futures are recently down 4.50 from previous days SPX cash close as the dollar pulls back from a two-week high. Nikkei 225 up 0.08%, Hang Seng down 0.89%, DAX down 0.62%. WTI Crude oil is recently at $44.31, natural gas up 0.09%, gold at $1274 an ounce, copper up 1.58%.

Stocks and options... More

Fossil (FOSL) M&A Risk Makes The Stock Un-Shortable - Cowen

May 11, 2016 6:59 AM EDT

Cowen 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 EDT

Piper 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

After-Hours Stock Movers 05/10: (FUEL) (SQBG) (EA) Higher; (FOSL) (CJES) (FOGO) (DIS) Lower (more...)

May 10, 2016 5:42 PM EDT

Today's After-Hours Movers:

Fossil Group (NASDAQ: FOSL) 29% LOWER; reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $659.8 million versus the consensus estimate of $666.6 million. GUIDANCE: Fossil Group sees FY2016 EPS of $1.80-$2.80, versus the consensus of $3.02.

Rocket Fuel (NASDAQ: FUEL) 25.6% HIGHER; reported Q1 non-GAAP EPS of ($0.28), versus ($0.60) reported last year. non-GAAP Revenue for the quarter came in at $62.2 million, versus $58.8 million reported last year.

TransEnterix (NYSE:... More

Fossil Group (FOSL) Misses Q1 EPS by 3c, Slashes Guidance

May 10, 2016 4:06 PM EDT

Fossil Group (NASDAQ: FOSL) reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $659.8 million versus the consensus estimate of $666.6 million.

GUIDANCE:

Fossil Group sees FY2016 EPS of $1.80-$2.80, versus the... More

Trading Radar for 5/10: Disney (DIS), Electronic Arts (EA), Fossil (FOSL), Lumber Liquidators (LL), SodaStream (SODA) Report

May 9, 2016 2:47 PM EDT

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

Before Markets Open:
Earnings:

AECOM Technology (NYSE: ACM) - consensus EPS $0.72
ARIAD Pharma (Nasdaq: ARIA) - consensus loss $0.27
AgroFresh Solutions (NYSE: AGFS) - consensus loss $0.05
Allergan (NYSE: AGN) - consensus EPS $3.04
Alliqua (Nasdaq: ALQA) - consensus loss $0.25
Anacor Pharma (Nasdaq: ANAC) - consensus loss $0.35
Aralez Pharma... More