Movado Group Company Profile (NYSE:MOV)

About Movado Group (NYSE:MOV)

Movado Group logoMovado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers. The Retail segment includes its outlet stores. As of January 31, 2017, its subsidiary, Movado Retail Group, Inc., operated 40 outlet stores located in outlet centers across the United States. It divides its business into two geographic locations: the United States operations and International operations. It has international operations in Europe, the Americas, the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Watches
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Symbol: NYSE:MOV
  • CUSIP: 62458010
  • Web:
  • Market Cap: $642.04 million
  • Outstanding Shares: 22,971,000
Average Prices:
  • 50 Day Moving Avg: $27.43
  • 200 Day Moving Avg: $24.49
  • 52 Week Range: $20.50 - $31.95
  • Trailing P/E Ratio: 23.88
  • Foreward P/E Ratio: 15.61
  • P/E Growth: 1.11
Sales & Book Value:
  • Annual Revenue: $538.65 million
  • Price / Sales: 1.19
  • Book Value: $20.82 per share
  • Price / Book: 1.34
  • Annual Dividend: $0.52
  • Dividend Yield: 1.9%
  • EBITDA: $58.13 million
  • Net Margins: 4.97%
  • Return on Equity: 7.74%
  • Return on Assets: 5.94%
  • Debt-to-Equity Ratio: 0.05%
  • Current Ratio: 5.26%
  • Quick Ratio: 3.20%
  • Average Volume: 119,580 shs.
  • Beta: 0.22
  • Short Ratio: 8.39

Frequently Asked Questions for Movado Group (NYSE:MOV)

What is Movado Group's stock symbol?

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

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

Movado Group declared a quarterly dividend on Tuesday, August 29th. Shareholders of record on Monday, September 11th will be given a dividend of $0.13 per share on Monday, September 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, September 8th. View Movado Group's Dividend History.

How will Movado Group's stock buyback program work?

Movado Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 30th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

How were Movado Group's earnings last quarter?

Movado Group Inc. (NYSE:MOV) announced its quarterly earnings results on Tuesday, August, 29th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.18. The firm had revenue of $128.80 million for the quarter, compared to analysts' expectations of $122 million. Movado Group had a net margin of 4.97% and a return on equity of 7.74%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. View Movado Group's Earnings History.

When will Movado Group make its next earnings announcement?

Movado Group is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Movado Group.

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

Movado Group issued an update on its FY18 earnings guidance on Tuesday, August, 29th. The company provided EPS guidance of $1.50-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.37. The company issued revenue guidance of $530-545 million, compared to the consensus revenue estimate of $518.23 million.

Where is Movado Group's stock going? Where will Movado Group's stock price be in 2017?

3 equities research analysts have issued 1-year target prices for Movado Group's stock. Their predictions range from $25.00 to $34.00. On average, they anticipate Movado Group's stock price to reach $29.50 in the next twelve months. View Analyst Ratings for Movado Group.

What are analysts saying about Movado Group stock?

Here are some recent quotes from research analysts about Movado Group stock:

  • 1. According to Zacks Investment Research, "Movado Group, Inc. is a designer, manufacturer and distributor of quality watches with prominent brands sold in almost every price category comprising the watch industry. The company's watch brands include Movado, Concord, and ESQ. " (9/2/2017)
  • 2. Cowen and Company analysts commented, "We remain on sidelines w/Market Perform given: 4Q sales & FY18 guide below St. as dept. store & watch category weakness continues - 4Q exp. mgmt. was solid. Forward silverlining: cost saving program, marketing shift toward digital, & strides in premium wearable offerings should protect new guide. We look forward to getting past 1Q's rev. decline (-mid-high teens%) & hopefully accelerating 2H." (3/20/2017)

Who are some of Movado Group's key competitors?

Who are Movado Group's key executives?

Movado Group's management team includes the folowing people:

  • Efraim Grinberg, Chairman of the Board, Chief Executive Officer
  • Sallie A. DeMarsilis, Chief Financial Officer, Principal Accounting Officer
  • Frank Anthony Morelli, Senior Vice President - Global Business Processes, Chief Information Officer
  • Timothy F. Michno, Secretary, General Counsel
  • Alan H. Howard, Lead Independent Director
  • Richard J. Cote, Director
  • Alexander Grinberg, Director
  • Margaret Hayes Adame, Independent Director
  • Peter A. Bridgman, Independent Director

How do I buy Movado Group stock?

Shares of Movado Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Movado Group's stock price today?

One share of Movado Group stock can currently be purchased for approximately $27.95.

MarketBeat Community Rating for Movado Group (NYSE MOV)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  77 (Vote Outperform)
Underperform Votes:  134 (Vote Underperform)
Total Votes:  211
MarketBeat's community ratings are surveys of what our community members think about Movado Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Movado Group (NYSE:MOV) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $29.50 (5.55% upside)
Consensus Price Target History for Movado Group (NYSE:MOV)
Price Target History for Movado Group (NYSE:MOV)
Analysts' Ratings History for Movado Group (NYSE:MOV)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/11/2017KeyCorpReiterated RatingHoldN/AView Rating Details
3/20/2017Cowen and CompanyLower Price TargetMarket Perform$27.00 -> $25.00HighView Rating Details
1/30/2017SidotiUpgradeNeutral -> Buy$34.00N/AView Rating Details
4/19/2016Pacific CrestReiterated RatingEqual WeightN/AView Rating Details
11/26/2015Barrington ResearchReiterated RatingHoldN/AView Rating Details
(Data available from 10/17/2015 forward)


Earnings History for Movado Group (NYSE:MOV)
Earnings by Quarter for Movado Group (NYSE:MOV)
Earnings History by Quarter for Movado Group (NYSE MOV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/20/2017$0.86N/AView Earnings Details
8/29/2017Q2 2018$0.25$0.43$122.00 million$128.80 millionViewN/AView Earnings Details
5/25/2017Q1 2018$0.10$0.01$100.23 million$99.30 millionViewN/AView Earnings Details
3/20/2017Q4 2017$0.23$0.22$137.11 million$130.80 millionViewN/AView Earnings Details
11/22/2016Q317$0.72$0.91$174.32 million$179.80 millionViewListenView Earnings Details
8/25/2016Q217$0.31$0.27$135.92 million$128.10 millionViewListenView Earnings Details
5/26/2016Q117$0.16$0.19$115.59 million$114.10 millionViewListenView Earnings Details
3/31/2016Q416$0.39$0.40$137.70 million$143.26 millionViewListenView Earnings Details
11/24/2015Q316$0.95$0.92$191.64 million$185.60 millionViewListenView Earnings Details
8/27/2015Q216$0.42$0.50$142.25 million$145.50 millionViewListenView Earnings Details
5/27/2015Q116$0.26$0.25$119.55 million$120.50 millionViewListenView Earnings Details
3/31/2015Q415$0.20$0.40$134.31 million$133.90 millionViewListenView Earnings Details
11/25/2014Q315$0.87$0.87$188.70 million$188.60 millionViewListenView Earnings Details
8/26/2014Q215$0.54$0.47$152.91 million$143.60 millionViewListenView Earnings Details
5/22/2014Q115$0.32$0.29$123.07 million$120.90 millionViewListenView Earnings Details
3/26/2014Q414$0.30$0.46$143.50 million$140.10 millionViewListenView Earnings Details
11/26/2013Q3$0.87$0.89$184.35 million$189.70 millionViewListenView Earnings Details
8/27/2013Q2 2014$0.32$0.44$135.91 million$138.30 millionViewListenView Earnings Details
5/29/2013Q1 2014$0.22$0.32$103.70 million$110.00 millionViewListenView Earnings Details
3/21/2013Q4 2013$0.26$0.41$128.30 million$128.50 millionViewListenView Earnings Details
11/28/20120.67$0.67$160.20 millionViewListenView Earnings Details
8/28/2012Q213$0.18$0.30$122.00 million$118.00 millionViewN/AView Earnings Details
5/31/2012$0.24$0.26ViewN/AView Earnings Details
12/1/2011$0.43$0.65ViewN/AView Earnings Details
9/1/2011$0.04$0.16ViewN/AView Earnings Details
6/2/2011($0.03)$0.02ViewN/AView Earnings Details
4/7/2011$0.01$0.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Movado Group (NYSE:MOV)
2017 EPS Consensus Estimate: $1.63
2018 EPS Consensus Estimate: $1.56
2019 EPS Consensus Estimate: $1.76
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.15$0.43$0.29
Q2 20172$0.36$0.38$0.37
Q3 20172$0.70$0.78$0.74
Q4 20172$0.18$0.28$0.23
Q1 20181$0.13$0.13$0.13
Q2 20181$0.24$0.24$0.24
Q3 20181$0.86$0.86$0.86
Q4 20181$0.33$0.33$0.33
Q1 20191$0.10$0.10$0.10
Q2 20191$0.38$0.38$0.38
Q3 20191$0.92$0.92$0.92
Q4 20191$0.36$0.36$0.36
(Data provided by Zacks Investment Research)


Current Dividend Information for Movado Group (NYSE:MOV)
Most Recent Dividend:9/25/2017
Annual Dividend:$0.52
Dividend Yield:1.86%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:45.22% (Trailing 12 Months of Earnings)
31.90% (Based on This Year's Estimates)
29.05% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Movado Group (NYSE:MOV)

Dividend History by Quarter for Movado Group (NYSE MOV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Movado Group (NYSE:MOV)
Insider Ownership Percentage: 33.30%
Institutional Ownership Percentage: 64.37%
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Institutional Ownership by Quarter for Movado Group (NYSE:MOV)
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/19/2017Miriam Grinberg PhalenMajor ShareholderSell2,504$27.38$68,559.52View SEC Filing  
9/6/2017Nathan LeventhalDirectorSell3,130$28.05$87,796.50View SEC Filing  
9/6/2017Sallie A DemarsilisCFOSell8,977$28.50$255,844.50View SEC Filing  
6/10/2016Efraim GrinbergCEOBuy5,000$19.62$98,100.00View SEC Filing  
4/15/2016Alexander GrinbergDirectorSell806$27.81$22,414.86View SEC Filing  
4/6/2016Alan H HowardDirectorSell1,500$28.00$42,000.00View SEC Filing  
4/5/2016Margaret Hayes AdameDirectorSell1,500$27.29$40,935.00View SEC Filing  
1/5/2016Francis Anthony MorelliVPSell10,000$24.31$243,100.00View SEC Filing  
8/31/2015Timothy F. MichnoinsiderSell8,400$28.99$243,516.00View SEC Filing  
6/18/2015Margaret Hayes AdameDirectorSell1,500$27.78$41,670.00View SEC Filing  
6/4/2015Richard D IssermanDirectorSell1,500$27.97$41,955.00View SEC Filing  
9/12/2014Peter A BridgmanDirectorBuy2,000$36.16$72,320.00View SEC Filing  
6/6/2014Maurice S ReznikDirectorBuy1,200$40.00$48,000.00View SEC Filing  
4/16/2014Timothy MichnoInsiderSell1,016$42.50$43,180.00View SEC Filing  
4/15/2014Alexander GrinbergDirectorSell8,799$42.00$369,558.00View SEC Filing  
4/14/2014Efraim GrinbergCEOSell50,000$42.09$2,104,500.00View SEC Filing  
4/7/2014Efraim GrinbergCEOSell75,000$41.84$3,138,000.00View SEC Filing  
6/11/2013Nathan LeventhalDirectorSell3,016$34.60$104,353.60View SEC Filing  
5/30/2013Timothy F MichnoInsiderSell1,350$34.90$47,115.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Movado Group (NYSE:MOV)
Latest Headlines for Movado Group (NYSE:MOV)
DateHeadline logoMovado Group's (MOV) "Hold" Rating Reiterated at KeyCorp - October 12 at 3:16 PM logoMovado Group Inc. (MOV) Given Average Recommendation of "Buy" by Brokerages - October 12 at 6:58 AM logoWhy Movado Group (MOV) Stock Might be a Great Pick - October 11 at 12:13 AM logoMovado Group, Inc. : MOV-US: Dividend Analysis : September 11th, 2017 (record date) : By the numbers : September 29, 2017 - October 2 at 11:38 AM logoMovado Group Inc. (MOV) Major Shareholder Miriam Grinberg Phalen Sells 2,504 Shares - September 22 at 1:14 PM logoHow To YieldBoost MOV To 12.7% Using Options - September 18 at 11:21 PM logoMovado Group Inc. (MOV) Receives Average Recommendation of "Buy" from Brokerages - September 17 at 9:02 AM logoMovado: Growth On Sight - September 14 at 4:11 PM logoCould Movado Group Inc. (MOV) Stock Impress the Value Investors? - September 14 at 4:11 PM logoSwatch Shares Bruised by New Apple Watch - September 14 at 7:53 AM logoWhy Movado Group, Inc. Stock Rose 12.8% in August - September 12 at 10:55 AM logoMovado Group Inc. (MOV) Director Nathan Leventhal Sells 3,130 Shares - September 7 at 8:08 PM logoMovado Group Inc. (MOV) CFO Sells $255,844.50 in Stock - September 7 at 7:44 PM logoSignet Jewelers Up 24% Since Earnings: Will it Gain Further? - September 5 at 4:40 PM logoMovado Group Inc. (MOV) to Post Q3 2018 Earnings of $0.86 Per Share, KeyCorp Forecasts - September 1 at 10:50 AM logoMovado Group, Inc. breached its 50 day moving average in a Bullish Manner : MOV-US : August 30, 2017 - September 1 at 5:59 AM logoMovado Group, Inc. :MOV-US: Earnings Analysis: Q2, 2018 By the Numbers : August 30, 2017 - September 1 at 5:59 AM logoWhat's Doing Best in New Portfolio? Take a Guess - September 1 at 5:59 AM logoQ4 2018 EPS Estimates for Movado Group Inc. Increased by KeyCorp (MOV) - August 31 at 12:54 PM logoMovado Group, Inc. Earnings Rebound as Cost Cuts Take Hold - August 30 at 10:55 PM logoShare Repurchase Plan Declared by Movado Group (MOV) Board - August 30 at 11:12 AM logoInvestor Network: Movado Group Inc to Host Earnings Call - August 30 at 6:44 AM logoMovado Group shares soar after second-quarter earnings beat - August 30 at 6:44 AM logoMovado posts 2Q profit - August 30 at 6:44 AM logoEdited Transcript of MOV earnings conference call or presentation 29-Aug-17 1:00pm GMT - August 30 at 6:44 AM logoWhy Movado Group, Catalent, and ImmunoGen Jumped Today - August 29 at 4:55 PM logoMovado Group Inc. (MOV) Declares Quarterly Dividend of $0.13 - August 29 at 10:35 AM logoMovado Group Inc. (MOV) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS - August 29 at 9:07 AM logoMovado Group Inc. (MOV) Releases FY18 Earnings Guidance - August 29 at 9:06 AM logoMovado Group, Inc. – Value Analysis (NYSE:MOV) : August 25, 2017 - August 26 at 7:17 AM logoMovado Group Inc. (MOV) Receives Consensus Rating of "Hold" from Brokerages - August 23 at 9:16 AM logoMovado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal Year 2018 Results - August 17 at 3:37 PM logoMovado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : August 16, 2017 - August 17 at 4:26 AM logoMovado Group Inc. (MOV) Scheduled to Post Earnings on Wednesday - August 16 at 2:08 AM logoMovado Group (NYSE:MOV) & Fossil Group (FOSL) Head to Head Analysis - August 1 at 10:26 PM logoAnalyzing Movado Group (NYSE:MOV) & Fossil Group (FOSL) - August 1 at 2:08 PM logoFossil Group (FOSL) and Movado Group (MOV) Financial Survey - July 31 at 10:24 PM logoHead to Head Contrast: Movado Group (NYSE:MOV) versus Fossil Group (FOSL) - July 29 at 7:28 AM logoComparing Movado Group (MOV) & Fossil Group (FOSL) - July 28 at 8:11 AM logoFinancial Comparison: Fossil Group (FOSL) versus Movado Group (MOV) - July 27 at 9:12 AM logoFossil Group (FOSL) versus Movado Group (MOV) Head-To-Head Contrast - July 24 at 9:51 AM logoComparing Fossil Group (FOSL) & Movado Group (NYSE:MOV) - July 23 at 12:14 PM logoMovado Group (NYSE:MOV) versus Fossil Group (FOSL) Head-To-Head Analysis - July 23 at 12:06 AM logoFossil Group (FOSL) & Movado Group (NYSE:MOV) Critical Review - July 22 at 6:02 PM logoAnalyzing Movado Group (MOV) & Fossil Group (FOSL) - July 18 at 8:25 PM logoFinancial Comparison: Fossil Group (FOSL) & Movado Group (NYSE:MOV) - July 14 at 8:36 AM logoFossil Group (FOSL) and Movado Group (NYSE:MOV) Critical Analysis - July 10 at 10:12 AM logoFossil Group (FOSL) vs. Movado Group (MOV) Head-To-Head Review - July 7 at 2:10 PM logoInstant Analysis: Movado Group Acquires JLB Brands for $77.5 Million - July 6 at 12:49 PM logoMovado Just Made a Massive Acquisition -- Here's What the CEO Told Us About It - July 5 at 3:44 PM



Movado Group (MOV) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by Staff

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