Fossil Group, Inc. (FOSL) is an American designer and manufacturer of accessories, primarily watches and jewelry, but also sunglasses, wallets, handbags and belts. Based in Richardson, Texas, United States. Their brands include Fossil, Relic, Abacus, Michele Watch & Now Coach NY, Skagen, and Zodiac Watches. Fossil also makes watches for brands such as Adidas, Emporio Armani, Karl Lagerfeld, Michael Kors, Marc by Marc Jacobs, Burberry, DKNY, Diesel and Armani Exchange. CEO Kosta Kartsotis owns approximately 12% of Fossil stock. The company name represents the nickname the brothers had for their father.
Reported after close today (5/10/16) Earnings: EPS $0.20 Revenue $659.8M Estimates: EPS $0.14 Revenue $668M Down 30.8% after hours
Up in gap fill territory here. If long, I would be pairing down this position to see what happens when it gets there. Its been a strong move over the past few sessions!
Analyst Upgrade/Downgrade Update Brokerage firm: KeyBanc Capital Mkts Change: Upgrade Previous Rating: Sector weight Current Rating: Overweight Previous Price Target: N/A Current Price Target: N/A
Analyst Upgrade/Downgrade Update Brokerage firm: Piper Jaffray Change: Upgrade Previous Rating: Underweight Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
Down 19% pre-market on missed earnings: Fossil Falls Big after Disappointing Q4 Report and Outlook (FOSL) Source: https://www.briefing.com/investor/a...isappointing-q4-report-and-outlook-(fosl).htm
Looks like the sellers over the past month had the right idea, no bounce here, this is going to be ugly today!
Watch maker Fossil (FOSL) moved sharply lower in pre-market trading after reporting weaker than expected first quarter results and providing disappointing guidance.
Their market cap is equal to their cash, margins have returned, turning around. Huuge short interest can bounce back on short squeeze.
Another great move today. Companies like FOSL are moving today in same waters as a big white shark like Amazon. However this one seems (to me) quite underpriced now. Maybe thats the reason they have been buying their own stock; BBBY is a similar one doing the same (acumulating their own stock). I bet at 25$ as a good target.
