Fossil, Inc.
 (FOSL)

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  • Tue, Feb. 2, 10:21 AM
    | Tue, Feb. 2, 10:21 AM
  • Thu, Jan. 14, 9:05 AM
    • Piper Jaffray warns Fossil (NASDAQ:FOSL) could be hit hard by the loss of a watch licensing deal with Burberry.
    • Burberry's exit from the category could cost Fossil between $100M to $200M in revenue.
    • Piper is a well-entrenched bear on Fossil with an Underweight rating and lowly $25 price target.
    | Thu, Jan. 14, 9:05 AM | 2 Comments
  • Mon, Jan. 4, 11:45 AM
    • Shares of Fossil (FOSL -7.3%) slump after Jefferies downgrades the stock to a Neutral rating on growth concerns in key categories.
    • The investment firm warns on decelerating sales growth in the watch category in particular.
    • The price target on Fossil from Jefferies falls to $40 from $68.
    | Mon, Jan. 4, 11:45 AM
  • Fri, Jan. 1, 4:53 AM
    | Fri, Jan. 1, 4:53 AM | 27 Comments
  • Dec. 30, 2015, 10:48 AM
    • Fossil (FOSL +0.8%) completed its acquisition of wearable technology brand Misfit.
    • The Misfit app platform covers fitness, sleep monitors, and connected home features. The brand is expected to be a new selling channel for Fossil.
    • Shares of Fossil are higher on the day, counter to the broad market decline.
    | Dec. 30, 2015, 10:48 AM
  • Dec. 28, 2015, 5:29 PM
    • Willis Group (NYSE:WSH) will replace Fossil (NASDAQ:FOSL) in the S&P 500 following the Jan. 4 close. Fossil will replace Towers Watson (TW - set to merge with Willis) in the S&P MidCap 400.
    • Willis has risen to $48.70 after hours. Fossil, whose shares have cratered this year, hasn't yet moved after hours.
    | Dec. 28, 2015, 5:29 PM
  • Dec. 18, 2015, 2:39 PM
    • Fossil (FOSL -3.3%) trades lower after Goldman Sachs issues a Sell rating on the company.
    • The investment firm buys into the theory that demand for wearables will cut into luxury watches sales.
    • The price target on FOSL is reduced by GS to $26 from $38.
    | Dec. 18, 2015, 2:39 PM
  • Nov. 20, 2015, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Nov. 20, 2015, 11:47 AM | 2 Comments
  • Nov. 13, 2015, 2:32 PM
    • Fossil (FOSL -34.6%) shares lose a third of their value after the company’s mixed Q3 results and reduction in its earnings and revenue estimates for Q4 and FY 2016, noting "general weakness" in its watch business.
    • Investors are not appeased by the $260M acquisition of Misfit Inc., which will provide FOSL with fitness and sleep-tracking wrist devices, but the products will take a while to have an impact on results.
    • FOSL already had introduced its version of a smartwatch to attempt to combat pressure from wearable tech competitors, but the deal with Misfit may signal that the Android-run Fossil Q may not be working out as the company had hoped.
    • Several analysts sharply lower their price targets on the shares: Cowen cuts its target to $42 from $51, BofA Merrill slashes its target to $33 from $51, and Piper Jaffray slices its price to $25 from $46.
    | Nov. 13, 2015, 2:32 PM | 1 Comment
  • Nov. 13, 2015, 12:48 PM
    | Nov. 13, 2015, 12:48 PM
  • Nov. 13, 2015, 9:36 AM
    • Along with its Q3 results, watch/handbag maker Fossil (FOSL -29%) is buying fashion-oriented activity tracker maker Misfit for $260M. Fitbit (NYSE:FIT) has fallen below $30 in response.
    • Fossil, which did 2014 sales of $3.5B, plans to "scale Misfit's technology across Fossil, Skagen and a targeted portion of its portfolio of 16 brands in 2016," and declares the purchase will "expand its addressable market with new distribution channels, new products, new brands and new enterprise partnerships, including music, fitness, healthcare and digital entities."
    • Misfit CEO Sonny Vu will become the president and CTO of Fossil's connected devices unit. Fossil will finance the purchase using both cash and debt. (Misfit's products)
    • Fossil/Misfit faces competition not only from Fitbit, but also Nike (FuelBand), Apple (Watch), Samsung (Gear), Jawbone, Xiaomi, and others. IDC estimates Fitbit had 24.3% of the Q2 wearables market, Apple 19.9%, Xiaomi 17.1%, and no one else more than 4%. Industry shipments rose an estimated 223% Y/Y to 18.1M.
    • Fossil has nosedived in response to its Q3 sales miss and soft Q4 guidance. Oppenheimer has downgraded to Market Perform.
    • Update: Fitbit has also downsized its planned secondary offering to 17M shares, and priced it at $29.
    | Nov. 13, 2015, 9:36 AM | 12 Comments
  • Nov. 13, 2015, 9:14 AM
    | Nov. 13, 2015, 9:14 AM
  • Nov. 12, 2015, 5:44 PM
    • Top gainers, as of 5.25 p.m.: SYT +16.0%. USAT +15.9%. FLO +13.1%. PLNT +11.0%. DAR +8.2%.
    • Top losers, as of 5.25p.m.: JWN -20.1%. FOSL -15.2%. LOCO -7.6%. INSY -7.2%. TAHO -6.8%.
    | Nov. 12, 2015, 5:44 PM | 4 Comments
  • Nov. 12, 2015, 4:47 PM
    • Fossil (NASDAQ:FOSL) -12.8% AH after reporting weaker than expected Q3 revenues and issuing downside guidance for the rest of the year.
    • FOSL says it now sees Q4 EPS of $1.05-$1.65, well below the $2.14 analyst consensus estimate, and expects Q4 revenues to decrease by 7%-16% with operating margins in the range of 8.5%-11.5%.
    • For the full year, FOSL cuts its EPS outlook to $4.15-$4.75 and expects a 8%-10.5% decline in net sales, from its previous estimate for EPS of $4.80-$5.60 and a 4%-8% net sales decrease.
    • In Q3, FOSL says its watch sales fell 17%, or 11% excluding currency fluctuations, and global sales at stores open more than a year fell 1% Y/Y.
    • FOSL also says it agrees to acquire startup Misfit, a maker of wearable fitness trackers, for $260M, in a move the company hopes will help reinvigorate its product offerings.
    | Nov. 12, 2015, 4:47 PM
  • Nov. 12, 2015, 4:08 PM
    • Fossil (NASDAQ:FOSL): Q3 EPS of $1.19 beats by $0.06.
    • Revenue of $771.3M (-13.8% Y/Y) misses by $23.06M.
    • Shares -11.78%.
    | Nov. 12, 2015, 4:08 PM | 1 Comment
  • Nov. 11, 2015, 5:35 PM
Company Description
Fossil Group Inc is a design, marketing and distribution company of consumer fashion accessories. It offers men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel.