|Bid||13.86 x 300|
|Ask||15.08 x 600|
|Day's range||14.03 - 14.40|
|52-week range||5.50 - 18.44|
|PE ratio (TTM)||N/A|
|Earnings date||7 May 2018 - 11 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.00|
Growth in the wearable's category aided Fossil's (FOSL) overall watch category to improve by more than 10 percentage points during the last quarter.
After the expensive Ionic smartwatch fell short of expectations, the company is betting on an inexpensive smartwatch for the masses.
Heavy short interest in Fossil stock laid the foundation for explosive gains when the company delivered a fourth-quarter earnings beat.
Fossil (FOSL) continues to gain from higher wearables demand. However, the company struggles against weakness in business segments.
Fitbit (FIT) needs to improve its profit margins and drive operational efficiency to offset declining device sales. Fitbit reduced its inventory by 46% YoY (year-over-year) in 4Q17 to $123.9 million, compared with $230.4 million in 4Q16. As shown in the above table, Fitbit has considerably reduced inventory in each of the last four quarters.
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Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple. The fourth straight day of gains in the S&P 500 ...
Fossil Group shares rocketed Wednesday after an analyst raised the price target on the company by 67% on the back of strong fourth-quarter earnings.
Nearly 40 percent of its outstanding shares were shorted as of Jan. 31, according to Thomson Reuters data, making it currently the third-most shorted stock on the S&P 600 consumer discretionary sector (.SPSMCD). "The better than expected fourth quarter earnings performance can improve confidence in the company's financial outlook," Telsey Advisory Group analyst Dana Telsey said in a note. Fossil Group shares rose to $16.18 and on track to move to their highest since May 9, 2017.
Fossil (FOSL) posted fourth-quarter 2017 results, wherein both the top and bottom line came ahead of the Zacks Consensus Estimate and comparable store sales increased year over year.