Posts for Ticker ‘FOSL’

52-Week High Club (PCLN, TWTC, FOSL)

Priceline.com Inc (NASDAQ: PCLN) surged over 20% to a yearly high of $209.19.  The global online travel agency rose after the company forcast that 4Q earnings would be at least $1.52 a share, with current analyst estimates resting around $1.49.  

tw telecom inc. (NASDAQ: TWTC) rose as high as 10% today as it reached a yearly high of $15.24.   The internet and telephone service provider was upgrade by JPMorgan Chase & Co. to “overweight” from “neutral”. 

Fossil Inc (NASDAQ: FOSL) rose as high as 11.5% to a high of $32.07 toda as the fashion accessory designer and distributor raised their earnings estimates.  

Garrett W. McIntyre

Posted on: November 10, 2009 – 4:29 pm in Earnings, Retail, Telecom, , , ,

Top Pre-Market Analyst Downgrades (AHII, NILE, FOSL, HNT, HSNI, IPCS, LPX, MCHP, PALM, PPCO, RJF, PCU)

Down_arrow_redThese are some of the top pre-market analyst downgrades we are seeing this Wednesday morning with more than two hours until the market opens:

  • Animal Health (AHII) Cut to Neutral at Piper Jaffray.
  • Blue Nile (NILE) Cut to Underweight at JPMorgan.
  • Fossil (FOSL) Cut to Underweight at JPMorgan.
  • Health Net (HNT) Cut to Hold at Deutsche Bank.
  • HSN (HSNI) Started as Underweight at JPMorgan.
  • IPCS (IPCS) Cut to Hold at Jefferies.
  • Louisiana-Pacific (LPX) Cut to Neutral at Banc of America.
  • Microchip Technology (MCHP) Cut to Sell at Goldman Sachs.
  • Palm (PALM) Cut to Market Perform at Morgan Keegan.
  • Penwest Pharmaceuticals (PPCO) Cut to Neutral at Baird.
  • Raymond James Financial (RJF) Cut to Underperform at Wachovia.
  • Southern Copper (PCU) Cut to Sell at Deutsche Bank.

Jon C. Ogg
November 5, 2008

Posted on: November 5, 2008 – 7:40 am in Analyst Calls, , , , , , , , , , , ,

Major Buybacks This Week (CCOI, FOSL, HIG, KALU, OSG, URI, UTX)

As we have pointed out over and over, it appears that buyback announcements are on the decline in a serious way as far as "new buyback plans" being announced.  Ultimately we believe that the buyback paces coming to a crawl is for several factors, with the main issues being the need of cash and the embedded insurance policy this gives companies who want to shore up their capital during a weak economy.  We did not count the smaller buyback announcements, but these are the larger ones we saw  this week (alphabetically rather than chronologically):

Cogent Communication (NASDAQ: CCOI) completed its prior plan and added another $50 million to its buyback machine.  The market cap is about $682 million.

Fossil Inc. (NASDAQ: FOSL) announced that it would repurchase some 2 million shares, or roughly 3% of its shares outstanding.

Hartford Financial Services (NYSE: HIG) added $1 Billion to its prior plan, and its market cap is nearly $23 Billion.

Kaiser Aluminum Corp. (NASDAQ: KALU) is one of the old ones that would be easy to overlook or forget about.  But the company raised its dividend and announced a $75 million share repurchase program.  This is only about 1.1 to 1.2 million shares, but when you compare it to the $1.3 Billion market cap and the 390,000 share average daily volume it large on a percentage basis. 

Overseas Shipholding (NYSE: OSG) replaced its prior buyback plan with a $250 million stock buyback announcement, and it raised its dividend too.  This represents more than 3 million shares at current prices and compares to about a $2.4 Billion market cap.

The big kahuna buyback came from United Rentals, Inc. (NYSE: URI) announced it was doing a swap and buyback of some 27.16 million shares.  This represents close to 31% of its entire outstanding share count.

United Technologies (NYSE: UTX) was perhaps the largest buyback from the largest company this week.  The company announced it would buy back up to 60 million shares as a replacement to its prior plan.  Based on a near-$70 price, this implies a sum of up to $4.2 Billion if prices remained static.  This has roughly 973 million shares outstanding.

Jon C. Ogg
June 13, 2008

Posted on: June 13, 2008 – 12:02 pm in Stock Buybacks, The Week, , , , , , ,