NYSE:MOV

Movado Group Stock Forecast, Price & News

$30.85
+0.66 (+2.19 %)
(As of 08/5/2021 12:00 AM ET)
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Today's Range
$30.02
$31.31
50-Day Range
$27.73
$31.89
52-Week Range
$9.66
$33.00
Volume108,951 shs
Average Volume170,348 shs
Market Capitalization$721.27 million
P/E Ratio15.12
Dividend Yield2.66%
Beta1.24
30 days | 90 days | 365 days | Advanced Chart
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Movado Group logo

About Movado Group

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Scuderia Ferrari. It also provides after-sales and shipping services. As of January 31, 2021, the company operated 47 retail outlet locations. Its customers include jewelry store chains, department stores, independent regional jewelers, licensors' retail stores, and a network of independent distributors. The company also sells directly to consumers via its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.

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MarketRank

Overall MarketRank

2.17 out of 5 stars

Retail/Wholesale Sector

114th out of 261 stocks

Watches, Clocks, Watchcases, & Parts Industry

1st out of 2 stocks

Analyst Opinion: 1.0Community Rank: 3.6Dividend Strength: 0.8Insider Behavior: 4.2Valuation: 1.3 5 -4 -3 -2 -1 -
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Movado Group (NYSE:MOV) Frequently Asked Questions

Is Movado Group a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Movado Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MOV, but not buy additional shares or sell existing shares.
View analyst ratings for Movado Group
or view top-rated stocks.

What stocks does MarketBeat like better than Movado Group?

Wall Street analysts have given Movado Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Movado Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Movado Group's next earnings date?

Movado Group is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for Movado Group
.

How were Movado Group's earnings last quarter?

Movado Group, Inc. (NYSE:MOV) issued its quarterly earnings data on Wednesday, May, 26th. The company reported $0.43 EPS for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.52. The business earned $134.80 million during the quarter. Movado Group had a trailing twelve-month return on equity of 10.95% and a net margin of 8.38%.
View Movado Group's earnings history
.

How has Movado Group's stock been impacted by COVID-19?

Movado Group's stock was trading at $12.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MOV stock has increased by 146.8% and is now trading at $30.85.
View which stocks have been most impacted by COVID-19
.

How often does Movado Group pay dividends? What is the dividend yield for Movado Group?

Movado Group declared a quarterly dividend on Thursday, May 27th. Investors of record on Wednesday, June 9th will be paid a dividend of $0.20 per share on Wednesday, June 23rd. This represents a $0.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, June 8th.
View Movado Group's dividend history
.

Is Movado Group a good dividend stock?

Movado Group pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.66%. Movado Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Movado Group is 86.96%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Movado Group's dividend history.

What guidance has Movado Group issued on next quarter's earnings?

Movado Group issued an update on its FY 2022 earnings guidance on Tuesday, June, 22nd. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $650 million-665 million, compared to the consensus revenue estimate of $635.85 million.

What price target have analysts set for MOV?

1 equities research analysts have issued 1 year target prices for Movado Group's stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate Movado Group's share price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts' price targets for Movado Group
or view top-rated stocks among Wall Street analysts.

Who are Movado Group's key executives?

Movado Group's management team includes the following people:
  • Mr. Efraim Grinberg, Chairman & CEO (Age 63, Pay $2.48M)
  • Ms. Sallie A. DeMarsilis, Exec. VP, COO & CFO (Age 56, Pay $921.28k)
  • Mr. Behzad Soltani, Exec. VP, Commercial Pres & Chief Technology Officer (Age 49, Pay $693.15k)
  • Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel & Sec. (Age 56, Pay $511.03k)
  • Ms. Vivian D'Elia, Sr. VP of HR (Age 69, Pay $477.75k)
  • Mary Leach, Chief Marketing Officer
  • Mr. Alexander Grinberg, Sr. VP of Customer Experience & Director (Age 58)
  • Mr. Joseph A. Faranda, Sr. VP of Consumer Insights & Strategic PLA (Age 67)
  • Mr. Jon Step, Pres of Licensed Brands
  • Mr. Loek Oprinsen, Commercial Director & Pres of EBEL Brand

What is Efraim Grinberg's approval rating as Movado Group's CEO?

60 employees have rated Movado Group CEO Efraim Grinberg on Glassdoor.com. Efraim Grinberg has an approval rating of 97% among Movado Group's employees. This puts Efraim Grinberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Movado Group's key competitors?

What other stocks do shareholders of Movado Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Movado Group investors own include Pfizer (PFE), Gilead Sciences (GILD), Intel (INTC), Fossil Group (FOSL), Alibaba Group (BABA), JD.com (JD), Momo (MOMO), NVIDIA (NVDA), Cisco Systems (CSCO) and Micron Technology (MU).

What is Movado Group's stock symbol?

Movado Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MOV."

Who are Movado Group's major shareholders?

Movado Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (1.27%), Victory Capital Management Inc. (1.23%), Hillsdale Investment Management Inc. (0.66%), Russell Investments Group Ltd. (0.46%), Rhumbline Advisers (0.29%) and Envestnet Asset Management Inc. (0.25%). Company insiders that own Movado Group stock include Alan H Howard, Efraim Grinberg, Maurice S Reznik and Stephen I Sadove.
View institutional ownership trends for Movado Group
.

Which major investors are selling Movado Group stock?

MOV stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Cacti Asset Management LLC, GSA Capital Partners LLP, Rhumbline Advisers, and Los Angeles Capital Management LLC. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Efraim Grinberg, and Stephen I Sadove.
View insider buying and selling activity for Movado Group
or view top insider-selling stocks.

Which major investors are buying Movado Group stock?

MOV stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Hillsdale Investment Management Inc., Russell Investments Group Ltd., American Century Companies Inc., Modera Wealth Management LLC, Exchange Traded Concepts LLC, Landscape Capital Management L.L.C., and Cornerstone Investment Partners LLC.
View insider buying and selling activity for Movado Group
or or view top insider-buying stocks.

How do I buy shares of Movado Group?

Shares of MOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Movado Group's stock price today?

One share of MOV stock can currently be purchased for approximately $30.85.

How much money does Movado Group make?

Movado Group has a market capitalization of $721.27 million and generates $506.40 million in revenue each year. The company earns $-111,520,000.00 in net income (profit) each year or $0.92 on an earnings per share basis.

How many employees does Movado Group have?

Movado Group employs 1,206 workers across the globe.

When was Movado Group founded?

Movado Group was founded in 1881.

What is Movado Group's official website?

The official website for Movado Group is www.movadogroup.com.

Where are Movado Group's headquarters?

Movado Group is headquartered at 650 FROM ROAD SUITE 375, PARAMUS NJ, 07652.

How can I contact Movado Group?

Movado Group's mailing address is 650 FROM ROAD SUITE 375, PARAMUS NJ, 07652. The company can be reached via phone at 201-267-8000 or via email at [email protected]


This page was last updated on 8/5/2021 by MarketBeat.com Staff
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