Fossil Group, Inc. Reports First Quarter Fiscal Year 2016 Results

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

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

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

Jefferies 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

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

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

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

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