Analysts Offer Insights on Consumer Goods Companies: Fossil (NASDAQ: FOSL) and Church & Dwight (NYSE: CHD)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Fossil (NASDAQ: FOSL) and Church & Dwight (NYSE: CHD).

Fossil (NASDAQ: FOSL)

In a report released today, Randal Konik from Jefferies reiterated a Hold rating on Fossil (NASDAQ: FOSL), with a price target of $24. The company’s shares closed yesterday at $24.71, close to its 52-week low of $24.26.

Konik said:

“While 3Q beat, it marked another overall challenging quarter. Improvement in watch revs is encouraging, with a positive tone around new wearables product. However, with the key selling period still ahead, the go fwd guidance range is wide, implying the next test is the ability to sell through these new products. Therefore, we remain guarded in our NT outlook and see EPS bias to the downside.”

According to TipRanks.com, Konik is a 1-star analyst with an average return of -2.3% and a 38.5% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and ClubCorp Holdings.

Currently, the analyst consensus on Fossil is Moderate Sell and the average price target is $21.50, representing a -13.0% downside.

In a report issued on October 25, Wells Fargo also reiterated a Hold rating on the stock.
Church & Dwight (NYSE: CHD)

In a report released yesterday, Kevin Grundy from Jefferies reiterated a Buy rating on Church & Dwight (NYSE: CHD), with a price target of $53. The company’s shares closed yesterday at $44.12.

According to TipRanks.com, Grundy is a 3-star analyst with an average return of 1.4% and a 55.0% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

Church & Dwight has an analyst consensus of Hold, with a price target consensus of $88.