Fossil Group Inc
Apple Wearables Boost Revenue to Cover Lagging iPhone Sales
Apple (AAPL) recently released its fiscal 2019 third-quarter earnings, and it became clear that iPhone sales might take longer to recover.
What Drove Fitbit’s Sales in Q1?
Fitbit sold 2.9 million devices in the first quarter—a rise of 36% YoY (year-over-year). The smartwatch drove the shipment growth.
Just Two Analysts Recommend ‘Buy’ for GoPro Stock
GoPro’s (GPRO) investors have had a rough ride since it was listed on the stock exchange in June 2014.
What Wall Street Expects for GoPro in Q1 2019
Consumer technology company GoPro (GPRO) is set to announce its first-quarter earnings results on May 2.
Fitness Trackers Are Likely to Hit Fitbit’s Sales in 2019
Though Fitbit’s smartwatch sales rose 437% in 2018, the company posted negative overall revenue growth.
Fitbit Stock Has Been Volatile This Year
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%.
How Do Analysts View Fitbit Stock?
Fitbit stock has declined significantly over the last few years.
How the Apple Watch 4 Launch Could Affect Fitbit
Fitbit’s (FIT) latest watch model, the Versa, retails for half the price of the basic Apple Watch Series 4.
Will New Devices Drive Fitbit’s Revenue?
According to Fitbit, the Versa is the counterbalance to the Apple Watch that retailers were looking for.
Apple’s Latest Move in the Smartwatch Market
Apple (AAPL) is refreshing its smartwatch line with a new Apple Watch expected to be unveiled later this month.
The Numbers Show That Fitbit Could Be Apple’s Nightmare
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.
A Look at Fitbit’s Strategic Priorities
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).
Why Fitbit’s CFO Resigned
The finance executive who helped take Fitbit (FIT) public in 2015 left the company this month.
Fossil Stock Has Risen 276% This Year
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%.
No ‘Buy’ Recommendations for GoPro in June
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.
How Apple’s New WatchOS 5 Could Appeal to Fitness Enthusiasts
Apple (AAPL) announced during the Worldwide Developers Conference (or WWDC) on June 4 that it would release updated operating software for its smartwatch.
Is GoPro Trading at a Discount to Analysts’ Target Estimates?
GoPro (GPRO) has returned -27% in the trailing 12 months, 3.2% in the trailing month, and 7.6% in the trailing five days.
Analysts’ Views on Fitbit After Its Stock Price Decline
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 […]
Could Fitbit’s Profit Margin Improve in Fiscal 2018?
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 […]
How Fitbit Performed in Fiscal 4Q17
Fitbit (FIT) announced its 4Q17 results on February 26, 2018.
Will Fitbit Beat Analyst Revenue and Earnings Estimates in 4Q17?
Fitbit (FIT) plans to announce its 4Q17 results on February 24. Here’s what you need to know.
How Fitbit Is Trading Compared to Its Moving Averages in October 2017
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.
Bank of America/Merrill Lynch Downgrades Kate Spade to ‘Neutral’
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.
Piper Jaffray Upgrades Fossil Group to ‘Neutral’
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.
Why Did Apple Stop Its Production of Wireless Routers?
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.
KeyBanc Capital Markets Upgrades Fossil to ‘Overweight’
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.
Who Were the Outliers in the Consumer Space on November 16?
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.
Bank of America/Merrill Lynch Downgrades TreeHouse Foods
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.
How Did Fossil Group Perform in 3Q16?
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 Will Ship Smartwatches Based on Qualcomm Technologies
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%.
Cooper Tire & Rubber Announces Bradley E. Hughes as President and CEO
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%.
Will Brand Building and Innovation Add Leverage to Fossil’s Valuation?
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.
Will the Slowdown In Fossil’s Margins Continue in 2Q16?
Fossil’s (FOSL) margins have been in a declining trend during recent quarters.
Will Fossil’s 2Q16 Results Drag Its Stock Price Down More?
Fossil’s adjusted earnings per share have beaten the consensus estimates six times in the last nine quarters.
Who Were the Outliers in the Consumer Space on May 13?
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.
How Did Fossil Group’s 1Q16 Earnings Turn Out?
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.
How Did Movado Group Perform in 4Q16 and 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.
Who Were the Outliers in the Consumer Space on March 16?
On March 16, 2016, the S&P Consumer Discretionary slightly outperformed the S&P Consumer Staples and the S&P 500 as a whole.
What Are Fossil Group’s Projections for 2016?
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 Stock Has Been Pressured Due to Weak Fundamentals
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%.
How Deeply Did Fossil Group Dig in during 4Q15 and 2015?
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.
It Was a Festive Holiday Season for Signet Jewelers
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.
Assessing Signet Jewelers’ Market Valuation
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 Jewelers’ Ever Us Is Setting Trend for Jewelry Industry
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.
Assessing Tiffany’s Market Valuation Relative to the S&P 500
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.
A Must-Know Business Overview of Tiffany & Co.
Tiffany & Co. is a holding company that operates through its subsidiary companies. The most notable is Tiffany & Company, a jeweler and specialty retailer.
Why Tiffany & Co. Is More Profitable than Its Competitors
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.
Analyzing Tiffany’s Largest Segment: The Americas
Tiffany & Co.’s Americas segment includes sales from company-operated retail stores in the United States, Canada, Mexico, and Brazil.
Why Tiffany Faces Slower Growth in 2015
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.
Analyzing Tiffany’s Key Strategic Objectives
Tiffany’s key strategic objectives for growth include expanding marketing communications, opening stores in key markets, and enhancing in-store experience.
Weighing Tiffany’s Debt Burden and Leverage
Tiffany had total debt of $1.1 billion on its balance sheet in fiscal 2015, which for the company ended on January 31, 2015.
State of the Jewelry Industry in 2015: Growth and Challenges
Trends shaping the jewelry industry include Increasing demand for branded jewelry and an increased focus on e-commerce sales.
Weighing Tiffany’s Strengths and Opportunities
In April 2015, Tiffany launched its vintage-inspired CT60 watch collection, considering the growth opportunities in the global luxury timepiece market.
An Overview of Tiffany’s Capital Allocations
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%.
Low Inventory Turnover Is a Concern at Tiffany & Co.
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.
Why Tiffany Is Spending More on Marketing
Tiffany has been increasing its advertising expenses. In fiscal 2015, it spent $284 million on advertising, marketing, and public and media relations.
Analyzing Tiffany & Co.’s International Segments
Tiffany & Co. has presences to differing degrees in the Asia-Pacific, Japan, Europe, and Other regions.
Tiffany’s Competitive Position: Porter’s Five Forces Analysis
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.
Hurdles in Tiffany’s Growth: Weaknesses and Threats
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.
Will GoPro’s New Products Act as a “Game Changer”
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.
Can Signet Jewelers’ Profitability Continue to Improve in 3Q16?
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.
A Snapshot of Signet Jewelers’ Divisions and Product Offerings
Signet Jewelers operates under three divisions: the Sterling Jewelers division, the Zale division, and the UK Jewelry division.
A Sparkling Performance: Key Investor Guide to Signet Jewelers
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.
Signet Jeweler’s Market Positioning in the Retail Jewelry Industry
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’ Core Strength: Exclusive Merchandise Offerings
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 Jewelers’ Aim to Improve Vertical Integration and Supply Chain
Signet aims to advance its vertical integration, including the sourcing and manufacturing of rough diamonds, which should help improve its supply chain.
Weighing Signet Jewelers’ Debt against Competitors
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.
Nordstrom and Fossil Group Pulled Down SPY for a 1.1% Loss
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.
How Fossil Group Performed Compared to Peers
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.
Is US Consumer Sentiment Turning Pessimistic?
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.
Is Project Jacquard a Breakthrough for the Fashion Industry?
Recently, Levi Strauss and Google (GOOG) (GOOGL) announced a groundbreaking partnership for the apparel industry. It’s called “Project Jacquard.”
Lululemon’s Retail Inventory Management Strategies Are Crucial
These changes should lower future inventory levels and probably result in higher inventory turnover and lower inventory-to-cash days.
The Cogs In The Under Armour Supply Chain
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 […]
Eminence Capital ups position in Allscripts Healthcare Solutions
Allscripts provides clinical, financial, and population health management solutions to physicians, health systems, hospitals, and post-acute organizations.
Must-know: Ricky Sandler’s Eminence Capital’s key 1Q14 positions
The size of the fund’s 1Q14 portfolio was slightly increased to $6.17 billion from $5.6 billion in 4Q13.
Why apparel sales may boost April earnings for retailers like Gap
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.