Economy

Fossil Group Inc (FOSL) Stock Gets the Scythe After Q1 Loss

Fossil Group Inc (FOSL) Stock Gets the Scythe After Q1 Loss

Telsey Advisory Group decreased their target price on shares of Fossil Group from $23.00 to $16.00 and set a market perform rating on the stock in a report on Wednesday.

According to Zacks, "Estimates have been stable ahead of the first quarter 2017, after a mixed fourth quarter 2016 results, wherein Fossil delivered weaker-than-expected revenues, despite earnings beat". The company said the growth in connected watches was more than offset by declines in traditional watches. "The newness and innovation we are infusing into our fashion accessories is gaining traction with our retail partners and consumers alike, demonstrating that technology can be the catalyst needed to drive growth in the watch category". "Fossil's expansion in wearable technology further shows that there is high demand for wearables, despite the sluggish Watches category". Jefferies Group LLC restated a "hold" rating and issued a $19.00 price objective on shares of Fossil Group in a research report on Tuesday, May 2nd. Piper Jaffray Companies reaffirmed a "neutral" rating and issued a $18.00 price target (down previously from $32.00) on shares of Fossil Group in a research note on Thursday, February 16th. Fossil Group Inc now has $531.08M valuation.

Sharapova comeback continues in Stuttgart
Sharapova broke twice in the first set of her quarter-final clash with Kontaveit, ultimately taking the opener 6-4. The Estonian dug deep at 3-1 down in the second and broke Sharapova in the fifth game.

Fossil Group, Inc. (NASDAQ:FOSL) yearly performance is -56.27% and net profit margin is 2.60%. Finally, Macquarie dropped their target price on shares of Fossil Group from $16.00 to $12.00 and set an underperform rating for the company in a report on Friday, March 3rd. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of "Hold" and an average target price of $23.26. The share price has moved forward from its 20 days moving average, trading at a distance of 1.46% and stays 1.37% away from its 50 days moving average. After a recent check, company stock has been trading near the $17.32 mark. Also, the current price highlights a discount of 52.17% to analysts' high consensus price target. The stock has a market cap of $678.68 million, a price-to-earnings ratio of 8.63 and a beta of 1.59. Trexquant Inv L P invested 0.08% in Fossil Group Inc (NASDAQ:FOSL). The textile maker reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.14. The firm had revenue of $582 million during the quarter, compared to analysts' expectations of $590.51 million. Gross margin for the quarter contracted 303 basis points over the previous year period to 49.76 percent. Tracking most recent quarter period, Price to book (P/B) ration is at 0.87 and Price to cash per share ration is at 3.04.

WARNING: "Fossil Group Inc (FOSL) Updates FY17 Earnings Guidance" was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & worldwide copyright and trademark legislation. Municipal Employees Retirement System of MI increased its position in shares of Fossil Group by 1.6% in the third quarter. Boothbay Fund Management LLC bought a new position in Fossil Group during the fourth quarter valued at $212,000. Looking back over the last month, shares have performed 6.14%. The company forecasts operating income to decline in the range of 5.50 percent to 3.50 percent and forecasts adjusted operating income to decline in the range of 3 percent to 1 percent.

Earnings Analysis Of Kinross Gold Corporation (KGC)
Gray now forecasts that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.01. The company had revenue of $796.10 million for the quarter, compared to the consensus estimate of $790.06 million.

Fossil Group, Inc. has a consensus hold rating from 12 Wall Street analysts, and the number of shares now sold short amount to at least 26.58% of shares outstanding.

Meanwhile, Europe and Asia managed to hold up slightly better.

United Kingdom housing market stagnant - RICS
But 67 per cent more estate agents in the North West noted higher rather than lower prices last month. This was "underpinned by the lack of stock", the surveyors' analysis showed.


  • Payday 2 is getting a free VR mode

    Payday 2 is getting a free VR mode

    Instead of a novelty, it looks like Payday 2 VR will be a game that people already like to play, but given VR features. Considering it was a cooperative game, the teaser they released also showcased the PC and Virtual Reality players.

    Oil jumps on drop in USA crude stocks, possible OPEC cut extension

    Oil traders are concerned over how fast US shale oil producers will increase production to capture the rising prices. The agreement was concluded for the first half of 2017 with the possibility of extension.
    Keith Olbermann goes off in profane, vicious attack on Trump's Comey firing

    Keith Olbermann goes off in profane, vicious attack on Trump's Comey firing

    Phony hypocrites!"The Senate minority leader, Democrat Chuck Schumer, said Rosenstein should appoint a special prosecutor". He spoke briefly and told them to focus on the FBI's mission.
  • Michael Floyd signs with hometown Minnesota Vikings

    Michael Floyd signs with hometown Minnesota Vikings

    Vikings general manager Rick Spielman said the organization has confidence that Floyd has moved on from his past transgressions. Floyd, who was the 13th overall selection in the 2012 NFL Draft, attended Cretin Derham Hall High School in St.
    American Gods was just renewed for a second season

    American Gods was just renewed for a second season

    Its protagonist, Shadow Moon ( The 100's Ricky Whittle ), is an ex-con who becomes bodyguard and traveling partner to Mr. The pay cabler has handed out a season two renewal to the fantasy series, The Hollywood Reporter has confirmed.
    Trump sacks Comey amid Russian Federation  probe

    Trump sacks Comey amid Russian Federation probe

    A search for a new Federal Bureau of Investigation director was to begin "immediately", the White House said in a statement.
  • New Hamas chief latest step toward global  acceptance

    New Hamas chief latest step toward global acceptance

    The six-page outline supports the creation of the Palestinian state in the West Bank and Gaza Strip within the 1967 borders. Barghouti's wife and other Palestinian officials dismissed the video as fake and an attempt to break the hunger strikers.
    Federal Bureau of Investigation  activity in Annapolis linked to search warrant of GOP consulting firm

    Federal Bureau of Investigation activity in Annapolis linked to search warrant of GOP consulting firm

    The firm is touted for pioneering the use of technology in political campaigns, and it represents GOP candidates nationwide. The company's president, Kelley Rogers, told the Sun that agents removed files from the Strategic Campaign Group's offices.
    Kelly Clarkson tapped for American Idol judging role

    Kelly Clarkson tapped for American Idol judging role

    Ryan Seacrest may have many jobs to his credit, but that won't stop him from returning to the show that made him famous. And he joked that his sister's wedding bought him about a year before his mom would start pressuring him to get engaged.
  • Kentucky's Kroger Field to host state high school championship

    Kentucky's Kroger Field to host state high school championship

    The KHSAA Commonwealth Gridiron Bowl will be held at United Kingdom on the first weekend in December. The Kentucky High School Athletic Association and UK Athletics made the announcement on Wednesday.
    Illinois Senate approves abortion safeguards; veto likely

    Illinois Senate approves abortion safeguards; veto likely

    Rauner publicly opposed the bill before it won House approval last month amid calls from conservative groups to veto it. Illinois Gov-elect Bruce Rauner speaks to the media after a meeting with U.S.
    The Teaser Of Ajith Kumar's Vivegam Is Finally Here, And It's…

    The Teaser Of Ajith Kumar's Vivegam Is Finally Here, And It's…

    Ajith Kumar's new film also stars Akshara Haasan, Kajal Aggarwal and Vivek Oberoi, none of who feature in the teaser. Ajith's superstar screen presence and powerful lines in the clip have instantly driven his fans insane .