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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:44 EDTAEO, FOSL, TJX, TIF, ROST, VRA, SIGAnalyst sees storm to reduce Q4 retail sales by about 1%
The winter storm hitting the Northeast is likely to reduce retailers' sales by about 1% in their fourth quarter, Citigroup estimated. WHAT'S NEW: The storm will likely cause many shoppers to stay home between Thursday and Saturday in the Northeast and Midwest, Citigroup analyst Oliver Chen wrote in a note to investors. The snowfall yesterday and today, followed by very low temperatures on Saturday, will keep many customers in the affected regions to stay out of stores, the analyst explained. Last year, store traffic during the first Thursday to Saturday in January made up 3%-4% of retailers' total fourth quarter traffic, Chen estimated. Retailers with the most stores in the areas affected by the storm include Vera Bradley (VRA), TJX (TJX), and American Eagle (AEO), the analyst wrote. Retailers with the lowest number of stores in the affected areas include Ross Stores (ROST) and Fossil (FOSL), according to Chen. Also likely to be less affected by the storm than many retailers are companies that specialize in selling jewelry, including Tiffany (TIF) and Signet Jewelers (SIG), he added. The storm is not likely to impact sales of Valentine Day's gifts, Chen explained. PRICE ACTION: In midday trading, Vera Bradley rose 1% to $24.25, TJX added 0.8% to $64, American Eagle advanced 0.5% to $14.80, Ross Stores gained 0.5% to $74.65, Fossil was up 0.8% to $119, Tiffany lost 0.2% to $92.35, and Signet Jewelers was 1% higher to $79.50.
News For VRA;TJX;AEO;ROST;FOSL;SIG;TIF From The Last 14 Days
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February 18, 2015
12:31 EDTFOSLOn The Fly: Midday Wrap
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11:41 EDTFOSLPiper cuts Guess to sell following Fossil disappointment
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11:00 EDTFOSLFossil cut to Underweight with $72 target at Piper Jaffray
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10:56 EDTFOSLFossil downgraded to Underweight from Neutral at Piper Jaffray
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10:42 EDTVRAApparel makers beyond Perry Ellis seen hurt by port slowdown
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09:10 EDTFOSLOn The Fly: Pre-market Movers
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07:52 EDTFOSLFossil pullback a long-term buying opportunity says Jefferies
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07:45 EDTFOSLFossil price target lowered to $80, sees further potential risk, says Barclays
Barclays lowered Underweight rated Fossil's price target to $80 from $95 and is maintaining its negative view on shares. The analyst believes Fossil is in the middle of a secular disruption and will continue to face financial pressure before visibility materializes surrounding outlook.
05:56 EDTFOSLStocks with implied volatility above IV index mean; OPK FOSL
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February 17, 2015
16:56 EDTFOSLFossil drops 13% to $85.99 after results, outlook miss estimates
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16:20 EDTFOSLFossil tumbles to new 52-week low after hours
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16:09 EDTFOSLFossil, Kate Spade announce global licensing agreement
Fossil Group (FOSL) and Kate Spade (KATE) announced the companies have signed a global licensing agreement for the design, development and distribution of kate spade new york watches through 2025. Through the partnership, Fossil Group assumes the existing watch business successfully built under the kate spade new york brand and will begin distributing the assortment through its extensive global network. Fossil Group will launch the first collection of watches designed, developed and distributed in collaboration with kate spade new york, a global lifestyle brand, in 2016. Product will be available in kate spade new york stores as well as key retailers globally.
16:08 EDTFOSLFossil says FY15 'significantly negatively impacted' by currency, restructuring
For fiscal 2015, the Company expects that its results will be significantly negatively impacted by foreign currency changes as well as restructuring charges. It sees 2015 restructuring charges of 35c.
16:07 EDTFOSLFossil says on track to deliver long term goal
The company said, "As we begin 2015, we believe we remain on track to continue to deliver on our long term goal of driving profitable top-line growth while investing in high return initiatives that can fuel our momentum over the long term. The addition of kate spade new york to our multi-brand portfolio, which we announced today, is yet another great example of our ability to capitalize on lifestyle brands that are poised for global expansion. Our priorities are to invest in developing our digital capabilities, advance our wearable technology initiative, drive efficiencies in our operating model, and continue to leverage our competitive advantages of world-class design, production and global distribution to grow Fossil, Skagen and our multi-brand portfolio. We remain excited about our outlook and while we recognize near-term challenges, we expect fiscal 2015 to be another year of significant accomplishments towards our overarching objective to deliver sustained growth and outstanding returns for our shareholders over the long-term."
16:06 EDTFOSLFossil sees Q1 EPS 59c-69c, consensus $1.21
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16:05 EDTFOSLFossil sees FY15 EPS $5.45-$6.05, consensus $7.54
Sees FY15 net sales to be in the range of a 3% decrease to a 1% increase and Operating margin in a range of 12%-13%.
16:04 EDTFOSLFossil reports Q4 EPS $3.00, consensus $3.07
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15:32 EDTFOSLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
14:35 EDTFOSLFossil technical remarks ahead of results
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14:24 EDTFOSLFossil February volatility elevated into Q4 and outlook
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