Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names. It also provides after-sales and shipping service. As of January 31, 2018, the company operated 40 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 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Watches, clocks, watchcases, & parts
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
Current SymbolNYSE:MOV
Previous Symbol
CUSIP62458010
Phone201-267-8000
Debt
Debt-to-Equity Ratio0.10
Current Ratio3.53
Quick Ratio2.19
Price-To-Earnings
Trailing P/E Ratio16.03
Forward P/E Ratio12.69
P/E GrowthN/A
Sales & Book Value
Annual Sales$567.95 million
Price / Sales1.31
Cash Flow$2.5101 per share
Price / Cash Flow12.84
Book Value$20.78 per share
Price / Book1.55
Profitability
EPS (Most Recent Fiscal Year)$2.00
Net Income$-15,220,000.00
Net Margins1.63%
Return on Equity12.64%
Return on Assets8.95%
Miscellaneous
Employees1,000
Outstanding Shares23,150,000
Market Cap$776.42 million
OptionableOptionable
Movado Group (NYSE:MOV) Frequently Asked Questions
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 announced a quarterly dividend on Tuesday, December 4th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.20 per share on Friday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 13th. View Movado Group's Dividend History.
How will Movado Group's stock buyback program work?
Movado Group declared that its Board of Directors has approved a share repurchase program on Wednesday, August 30th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) announced its quarterly earnings results on Tuesday, December, 4th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The company earned $208.90 million during the quarter, compared to analysts' expectations of $205.40 million. Movado Group had a return on equity of 12.64% and a net margin of 1.63%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. View Movado Group's Earnings History.
When is Movado Group's next earnings date?
What guidance has Movado Group issued on next quarter's earnings?
Movado Group updated its FY19 earnings guidance on Tuesday, December, 4th. The company provided EPS guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. The company issued revenue guidance of $660-675 million, compared to the consensus revenue estimate of $666.10 million.Movado Group also updated its FY 2019 guidance to $2.45-2.55 EPS.
What price target have analysts set for MOV?
2 brokerages have issued 12 month price targets for Movado Group's stock. Their forecasts range from $42.00 to $42.00. On average, they expect Movado Group's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price. View Analyst Price Targets for Movado Group.
What is the consensus analysts' recommendation for Movado Group?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Movado Group.
Has Movado Group been receiving favorable news coverage?
Media headlines about MOV stock have trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Movado Group earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Movado Group's key competitors?
Some companies that are related to Movado Group include Sprouts Farmers Market (SFM), Stamps.com (STMP), AutoNation (AN), Aaron's (AAN), BOOHOO GRP PLC/ADR (BHOOY), Restoration Hardware (RH), Tempur Sealy International (TPX), LI NING Co Ltd/ADR (LNNGY), Michaels Companies (MIK), Sally Beauty (SBH), JUST EAT PLC/ADR (JSTTY), Beacon Roofing Supply (BECN), Jack in the Box (JACK), Cheesecake Factory (CAKE) and Stitch Fix (SFIX).
Who are Movado Group's key executives?
Movado Group's management team includes the folowing people:
- Mr. Efraim Grinberg, Chairman & CEO (Age 60)
- Ms. Sallie A. DeMarsilis, CFO & Principal Accounting Officer (Age 53)
- Mr. Francis Anthony Morelli, Sr. VP of Global Information Technology & Operations (Age 67)
- Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel & Sec. (Age 53)
- Vivian D'Elia, Sr. VP of HR (Age 66)
Who are Movado Group's major shareholders?
Movado Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.53%), Vanguard Group Inc. (7.92%), Vanguard Group Inc (7.92%), Dimensional Fund Advisors LP (5.89%), JPMorgan Chase & Co. (2.85%) and JPMorgan Chase & Co. (2.85%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Hamed Shahbazi, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman, Sallie A Demarsilis 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 LSV Asset Management, WINTON GROUP Ltd, Deprince Race & Zollo Inc., Hsbc Holdings PLC, SG Americas Securities LLC, Foundry Partners LLC, Man Group plc and Wells Fargo & Company MN. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Richard Cote and Richard D Isserman. View Insider Buying and Selling for Movado Group.
Which major investors are buying Movado Group stock?
MOV stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Vanguard Group Inc, Vanguard Group Inc., BlackRock Inc., American Century Companies Inc., Morgan Stanley, AQR Capital Management LLC and Systematic Financial Management LP. Company insiders that have bought Movado Group stock in the last two years include Hamed Shahbazi and Stephen I Sadove. View Insider Buying and Selling for Movado Group.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Movado Group's stock price today?
One share of MOV stock can currently be purchased for approximately $32.23.
How big of a company is Movado Group?
Movado Group has a market capitalization of $776.42 million and generates $567.95 million in revenue each year. The company earns $-15,220,000.00 in net income (profit) each year or $2.00 on an earnings per share basis. Movado Group employs 1,000 workers across the globe.
What is Movado Group's official website?
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]
MarketBeat Community Rating for Movado Group (NYSE MOV)
MarketBeat's community ratings are surveys of what our community members think about Movado Group and other stocks. Vote "Outperform" if you believe MOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MOV will underperform the S&P 500 over the long term. You may vote once every thirty days.
