Full Answer
Is Fossil stock a good buy?
The Fossil Group stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
What happened fossil group?
Fossil Group reported a fourth-quarter 2020 loss of $0.08 per share, an improvement over the loss of $0.14 per share in the final quarter of 2019. It also saw a material increase in digital sales, which were up 25% year over year in the quarter.Mar 11, 2021
Are Michael Kors and Fossil the same?
Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.
Is Armani owned by Fossil?
The company -- whose portfolio of six brands in India include Fossil, Michael Kors, Skagen, Emporio Armani, Armani Exchange and Diesel -- also plans to open 2-3 Fossil outlets in calender year 2019 to expand its footprint in the country.Dec 17, 2018
Shares of the watchmaker fell on comments about the watch market from rival Capri Holdings
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What happened
Shares of Fossil Group ( NASDAQ:FOSL) were heading lower today after rival Capri Holdings ( NYSE:CPRI), the parent of fashion brands Michael Kors, Jimmy Choo, and Versace, noted weakness in the watch market. That pressured shares of Fossil as watches make up the fashion brand's core business. The stock was down 10% as of 3 p.m. EST on Wednesday.
So what
Though Capri Holdings shares jumped on a strong earnings report, its CEO John Idol highlighted challenges in the watch market on the earnings call, saying, "The overall watch category was more challenged than we anticipated in the quarter." Idol added, "The fashion-watch category continues to see declines globally, and we are being impacted by this secular trend.".
Now what
Fossil shares have collapsed over the last several years due to concerns about declining sales and the future of the watch market, but the stock spiked a year ago when the company showed signs of life. Fossil sits at the intersection of two struggling industries -- watches and brick-and-mortar retail -- and is clearly vulnerable.
Shares of Fossil are tanking Thursday after a large bottom-line loss
As a Motley Fool Industrial Specialist, I use my marketing and business background in the automotive industry to evaluate major automakers and other large industrial corporations. Follow me on twitter for tweets about stocks, cars, sports, and anything I find amusing. Follow @DanielMillerTMF
What happened
Shares of Fossil Group ( NASDAQ:FOSL), a global designer and distributor of accessory products that include watches and other wearables, plunged more than 25% lower Thursday morning after a surprisingly weak third-quarter report.
So what
Starting from the top, sales declined 11.4% to $539.5 million during the third quarter compared to the prior year, which missed analysts' estimates of $558 million.
Now what
It's been an incredibly difficult ride for Fossil and its investors lately; the company has shed roughly 90% of its value over the past five years as it failed to adapt to rapidly changing trends.
What happened
Shares of watch company Fossil (NASDAQ: FOSL) increased as much as 13.6% on Friday. The stock is up 13.2% at the time of this writing. The stock's rise comes after shares fell on Wednesday in the aftermath of the company's third-quarter earnings release.
So what
As of the end of October, Fossil Group short interest was nearly double where it was toward the end of last year. After a 75% decline in its stock price year to date, investors shorting the stock are likely pleased with their gains and ready to cover their positions.
Now what
Fossil's difficult market environment is likely to persist. It would be naive to overlook the enormous success Apple is seeing with its Apple Watch -- just ahead of the holiday season -- and fail to consider how this can impact Fossil.
What happened
Shares of watch company Fossil ( NASDAQ:FOSL) increased as much as 13.6% on Friday. The stock is up 13.2% at the time of this writing. The stock's rise comes after shares fell on Wednesday in the aftermath of the company's third-quarter earnings release.
So what
As of the end of October, Fossil Group short interest was nearly double where it was toward the end of last year. After a 75% decline in its stock price year to date, investors shorting the stock are likely pleased with their gains and ready to cover their positions.
Now what
Fossil's difficult market environment is likely to persist. It would be naive to overlook the enormous success Apple is seeing with its Apple Watch -- just ahead of the holiday season -- and fail to consider how this can impact Fossil.
