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Stock Market & Financial Investment News

News Breaks
February 12, 2013
09:08 EDTFOSLFossil price target raised to $109 from $87 at Piper Jaffray
Piper Jaffray raised its price target for Fossil following the company's Q4 results but reiterates a Neutral rating on the name. Piper says the company's operating margin guidance of 16.5%-17.0% for FY13 suggests that investments will likely weigh on profitability this year. However, the thinks Fossil's deal with Tory Burch will be well received by investors.
News For FOSL From The Last 14 Days
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August 27, 2015
15:18 EDTFOSLMovado spikes after reporting Q2 results, backing FY16 guidance
Movado Group (MOV), which designs, sources, markets and distributes watches, is trading sharply higher after reporting better than expected second quarter earnings and revenue, as well as backing its fiscal 2016 guidance. WHAT'S NEW: Movado reported Q2 earnings per share of 50c against a consensus of 42c, and Q2 revenue of $145.6M against a consensus of $142.25M. The company also backed its FY16 EPS view of $2.00-$2.10 against a consensus of $2.05, and backed its FY16 revenue view of $590M-$600M against a consensus of $593.13M. Movado said it anticipates recording the remainder of the previously announced $3M-$4M pre-tax charge related to operating efficiency initiatives by the end of FY16, which is excluded from its guidance. ANALYST RESEARCH: On August 25, Barrington Research released an earnings preview that advised staying "on the sidelines" with Movado, forecasting the company's EPS at 40c and its revenue at $144.3M. The firm, which had rated Movado at Market Perform, correctly predicted the company would maintain its guidance. PRICE ACTION: In late afternoon trading, Movado is higher by $3.93, or 17.6%, to $26.25. PEERS: Competitor Fossil Group (FOSL) is trading higher by 2.6%.
August 24, 2015
09:49 EDTFOSLFitbit being sold at Macy's seen as near-term catalyst
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August 20, 2015
10:00 EDTFOSLOn The Fly: Analyst Upgrade Summary
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06:55 EDTFOSLFossil upgraded to Sector Weight from Underweight at KeyBanc
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August 18, 2015
10:13 EDTFOSLOptions with decreasing implied volatility
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August 17, 2015
10:21 EDTFOSLOptions with decreasing implied volatility
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