Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results
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Wells Fargo Downgrades Fossil (FOSL) to Underperform
February 15, 2017 6:26 AM ESTWells Fargo downgraded Fossil (NASDAQ: FOSL) from Market Perform to Underperform and the valuation range is range is now $13-$14 (from $22-$24).
Analyst Ike Boruchow commented, "FOSLs Q4 print was in and of itself, not much worse than feared; however the implications on the go-forward operations leave us with a growing list of concerns on a business that is caught in the cross-hairs of an evolving category amid shifting consumer preferences. Some specific details about the quarter that concern us are: 1) Q4 sales missed despite a much hyped push into... More
Fossil (FOSL) PT Lowered to $17 at Mizuho Securities on Weak FY17 Guidance
February 15, 2017 6:19 AM ESTMizuho analyst Betty Chen reaffirms Underperform rating and lowers price target on Fossil Group (NASDAQ: FOSL) to $17 (from $19), as the company offered 2017 guidance below estimates, suggesting structural headwinds and decreased visibility in sales and margin growth outlooks.
Chen comments, "We are maintaining our... More
Fossil (FOSL) PT Lowered to $15 at Instinet; 'Stuck Between a Fossil and a Hard Place'
February 15, 2017 5:59 AM ESTInstinet lowered its price target on Fossil (NASDAQ: FOSL) to $15.00 (from $20.00) while maintaining a Neutral rating following results and outlook.
Analyst Simeon Siegel commented, "After a romantic Valentine's spent deciphering guidance, we fear the pressures of selling a challenged product into a... More
