Fossil, Under Armour, VF Corp Downgraded

Fossil Group Inc (FOSL), Under Armour Inc (UAA), and ​VF Corp (VFC) have received bearish analyst attention on Wall Street

Feb 15, 2017 at 9:35 AM
facebook X logo linkedin


Analysts are weighing in on retail stocks Fossil Group Inc (NASDAQ:FOSL)Under Armour Inc (NYSE:UAA), and VF Corp (NYSE:VFC). Here's a quick roundup of today's bearish brokerage notes on FOSL, UAA, and VFC shares.

Fossil Falls to Multi-Year Lows

FOSL has tanked 19.7% to trade at $18.34, after last night's earnings miss, and earlier touched a seven-year low of $18.10. Adding insult to injury, Wells Fargo downgraded the shares to "underperform" from "market perform," while at least four other analysts cut their price targets. This is more of the same from the brokerage community. Even before today, Fossil Group Inc had received "hold" or worse ratings from 12 of 13 covering analysts.

Susquehanna Slams Under Armour CEO

UAA saw its rating lowered to "negative" from "neutral" at Susquehanna, which also slashed its price target to $14 from $24. The brokerage firm cited concerns over CEO Kevin Plank's positive remarks about President Donald Trump, which could "make it nearly impossible to effectively build a cool urban lifestyle brand in the foreseeable future." Out of the gate, Under Armour Inc shares are down 0.2% at $21.50, bringing their year-over-year deficit to 48%. Not surprisingly, options traders have been lining up for puts over calls. UAA's Schaeffer's put/call open interest ratio (SOIR) of 1.18 ranks in the put-skewed 82nd percentile of its annual range.

More Negativity Hits Struggling VF Corp Shares

VFC is off 0.7% at $50.50, after Canaccord Genuity and B. Riley both cut their price targets to $51. These bearish notes come ahead of Friday morning's earnings report, and are far from rare. Of the 22 analysts tracking VF Corp, 16 have handed out a "hold" or worse opinion. Meanwhile, the stock's SOIR stands at a 52-week high of 2.31, with puts more than doubling calls among options expiring in the next three months. Technically speaking, VFC has done little to disprove the doubters. The shares have dropped 15% of their value on a year-over-year basis.

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI