Fossil Group Inc

Apple (AAPL) recently released its fiscal 2019 third-quarter earnings, and it became clear that iPhone sales might take longer to recover.

Fitbit sold 2.9 million devices in the first quarter—a rise of 36% YoY (year-over-year). The smartwatch drove the shipment growth.

GoPro’s (GPRO) investors have had a rough ride since it was listed on the stock exchange in June 2014.

Consumer technology company GoPro (GPRO) is set to announce its first-quarter earnings results on May 2.

Though Fitbit’s smartwatch sales rose 437% in 2018, the company posted negative overall revenue growth.

Shares of consumer tech company Fitbit are up over 11% so far in 2019. From the start of this year to February 27, 2019, the stock rose 28%.

Fitbit stock has declined significantly over the last few years.

Fitbit’s (FIT) latest watch model, the Versa, retails for half the price of the basic Apple Watch Series 4.

According to Fitbit, the Versa is the counterbalance to the Apple Watch that retailers were looking for.

Apple (AAPL) is refreshing its smartwatch line with a new Apple Watch expected to be unveiled later this month.

The global smartwatch market continues to expand, and the contest to dominate the market is shaping up to be a two-horse race between Fitbit and Apple.

In this series, we’ve discussed how Fitbit (FIT) is grappling with declining sales driven by competition from peers such as Apple, Xiaomi, Garmin (GRMN), and Fossil (FOSL).

The finance executive who helped take Fitbit (FIT) public in 2015 left the company this month.

Fossil (FOSL) stock has returned 204% in the last 12 months, 50% in the last month, and 2.4% in the last five days. Since the start of 2018, Fossil stock has risen significantly, by 276%.

GoPro (GPRO) stock has returned -15% in the last 12 months, 22.5% in the last month, and 3.1% in the last five days.

Apple (AAPL) announced during the Worldwide Developers Conference (or WWDC) on June 4 that it would release updated operating software for its smartwatch.

GoPro (GPRO) has returned -27% in the trailing 12 months, 3.2% in the trailing month, and 7.6% in the trailing five days.

Historical stock returns Fitbit (FIT) has returned -24% in the trailing 12 months, -8% in the last month, and -10.7% in the trailing five days. The stock fell 75% in 2016 and 22% in 2017, and it’s fallen 15% since the start of 2018. Peers Garmin (GRMN), GoPro (GPRO), and Fossil (FOSL) have returned 16%, -40%, and […]

Gross margin was 44.2% in 4Q17 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 […]

Fitbit (FIT) announced its 4Q17 results on February 26, 2018.

Fitbit (FIT) plans to announce its 4Q17 results on February 24. Here’s what you need to know.

Of the 16 analysts tracking Fitbit, four gave the stock a “buy” recommendation, and ten recommended a “hold.” There were two “sell” recommendations on the stock.

Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.

Fossil Group (FOSL) has a market cap of $1.7 billion. It rose 2.7% to close at $35.24 per share on November 21, 2016.

Apple (AAPL) has a market cap of $595.2 billion. It rose 1.5% to close at $111.73 per share on November 21, 2016.

Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.

On November 16, 2016, the S&P Consumer Discretionary sector slightly outperformed the S&P Consumer Staples sector and the S&P 500 as a whole.

TreeHouse Foods reported 3Q16 net sales of $1.6 billion, a rise of 98.7% compared to net sales of $798.6 million in 3Q15.

Fossil Group (FOSL) has a market cap of $1.3 billion. It rose 3.5% to close at $25.58 per share on November 4, 2016.

Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.

CTB rose by 0.93% to close at $34.16 per share during the fifth week of August, with weekly, monthly, and YTD price movements of 0.93%, -0.53%, and -8.9%.

On August 2, Fossil was trading at a PE multiple of 12.9x. Fossil’s valuation multiple has fallen by 9% since the announcement of its 1Q16 results.

Fossil’s (FOSL) margins have been in a declining trend during recent quarters.

Fossil’s adjusted earnings per share have beaten the consensus estimates six times in the last nine quarters.

On May 13, 2016, the S&P 500 slightly outperformed the S&P Consumer Staples and the S&P Consumer Discretionary as a whole. In this series, we’ll look at the top-losing stocks.

Fossil Group (FOSL) has a market cap of $1.4 billion. It fell by 29.1% to close at $28.44 per share on May 11, 2016.

Movado Group reported fiscal 4Q16 net sales of $143.3 million—a rise of 7.0% compared to net sales of $133.9 million in fiscal 4Q15.

On March 16, 2016, the S&P Consumer Discretionary slightly outperformed the S&P Consumer Staples and the S&P 500 as a whole.

Fossil Group reported 4Q15 net sales of $992.5 million, a fall of 6.8% compared to net sales of $1,064.8 million in fiscal 4Q14.

Fossil Group’s stock opened 28% higher than its closing price on February 16, 2016, as it exceeded expectations. If we look at its post-rally price return over the last year, the stock has returned -47.3%.

Fossil Group (FOSL) has a market cap of $2.1 billion. FOSL rose by 28.6% to close at $44.30 per share on February 17, 2016.

On January 7, 2016, Signet Jewelers (SIG), the world’s largest retailer of diamond jewelry, announced its broad-based success in the holiday season with revenue of $1.9 billion.

As of January 8, 2016, Signet Jewelers was trading at the highest forward PE multiple compared to its peers, including Tiffany and Fossil Group.

Signet launched a new collection called Ever Us in October 2015. It’s meant to meet the need for jewelry that represents the bond between two people.

Tiffany is trading at a higher multiple than its peers Signet and Fossil and at a higher valuation relative to SPY and the Dow Jones Industrial Average.

Tiffany & Co. is a holding company that operates through its subsidiary companies. The most notable is Tiffany & Company, a jeweler and specialty retailer.

Since 2006, Tiffany’s margins have been on the higher side compared to its peers, including Signet Jewelers and Fossil, in the retail jewelry industry.

Tiffany & Co.’s Americas segment includes sales from company-operated retail stores in the United States, Canada, Mexico, and Brazil.

Tiffany is experiencing the negative effects of the strong US dollar. The dollar’s continued strengthening may lead to slower growth for the jewelry market.

Tiffany’s key strategic objectives for growth include expanding marketing communications, opening stores in key markets, and enhancing in-store experience.

Tiffany had total debt of $1.1 billion on its balance sheet in fiscal 2015, which for the company ended on January 31, 2015.

Trends shaping the jewelry industry include Increasing demand for branded jewelry and an increased focus on e-commerce sales.

In April 2015, Tiffany launched its vintage-inspired CT60 watch collection, considering the growth opportunities in the global luxury timepiece market.

Tiffany’s capital expenditure was 5.8% of its sales in fiscal 2015. Signet Jewelers, Fossil, and Pandora had capex-to-sales ratios of 3.8%, 2.7%, and 2.4%.

At the end of fiscal 2015, Tiffany had a total inventory of $2.4 billion and inventory turnover of 0.73x, implying potential low sales and excess inventory.

Tiffany has been increasing its advertising expenses. In fiscal 2015, it spent $284 million on advertising, marketing, and public and media relations.

Tiffany & Co. has presences to differing degrees in the Asia-Pacific, Japan, Europe, and Other regions.

Porter’s Five Forces model suggests that there are five forces that determine the attractiveness and long-term profitability of an industry or a sector.

Since it’s a luxury brand, Tiffany & Co.’s products are priced high, with no promotions. Thus, Tiffany products may be out of reach for many customers.

In 2016, GoPro will develop the new Quadcopter and Flagship camera to boost its revenue growth. The new Quadcopter will capture videos in a more stabilized manner.

In the previous quarter, Signet reported an increase in profitability. In 2Q16, Signet reported gross and operating margins of 34.8% and 7.2%, respectively.

Signet Jewelers operates under three divisions: the Sterling Jewelers division, the Zale division, and the UK Jewelry division.

Signet Jewelers operates through 100% owned subsidiaries with a presence in the US, the UK, and Canada. It has ~3,600 stores under various name brands.

Total retail jewelry sales in the US grew at a CAGR of 4.4%, reaching $74.7 billion in 2014. Fine jewelry sales grew at a CAGR of 5%, reaching ~$69 billion.

Signet Jewelers has taken on several merchandise initiatives in 2015. It expects its “Ever Us” offering to become a new trend in the jewelry industry.

Signet aims to advance its vertical integration, including the sourcing and manufacturing of rough diamonds, which should help improve its supply chain.

Signet Jewelers, the largest specialty retail jeweler in the US, the UK, and Canada, had a debt of $1.5 billion on its balance sheet in fiscal 2015.

Stocks at the bottom of SPY on November 13, 2015, were Fossil Group (FOSL), GameStop (GME), and Nordstrom (JWN). These stocks yielded -36.5%, -16.5%, and -15.0%, respectively, that day.

Let’s compare Fossil with its peers. The price-to-earnings ratios of Fossil, Coach, Kate Spade, and Guess? are 7.5x, 21.9x, 31.8x, and 18.2x, respectively.

Though consumer sentiment remains low, the First Trust Consumer Discretionary AlphaDEX ETF (FXD) has gained 0.79% in the past week as of November 5, 2015.

Recently, Levi Strauss and Google (GOOG) (GOOGL) announced a groundbreaking partnership for the apparel industry. It’s called “Project Jacquard.”

These changes should lower future inventory levels and probably result in higher inventory turnover and lower inventory-to-cash days.

Under Armour: Sourcing, manufacturing, and distribution decisions Under Armour, Inc. (UA) manufactures virtually nothing in-house. Production is outsourced to third-party manufacturers overseas. This is common practice in the apparel industry among companies including the The Gap, Inc. (GPS) and Fossil, Inc. (FOSL). These companies are held by the Consumer Discretionary Select Sector SPDR ETF (XLY), as are United Armour, or […]

Allscripts provides clinical, financial, and population health management solutions to physicians, health systems, hospitals, and post-acute organizations.

The size of the fund’s 1Q14 portfolio was slightly increased to $6.17 billion from $5.6 billion in 4Q13.

Both the International Council of Shopping Centers (or ICSC) Goldman Sachs Store Sales report and the Johnson Redbook Index report for the week ended April 5 will be released on Tuesday, April 8.