Movado Group Company Profile (NYSE:MOV)

About Movado Group (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, department stores and independent jewelers. The Retail segment includes its retail outlet stores. The Company's subsidiary, Movado Retail Group, Inc., operates approximately 40 outlet stores located in outlet centers across the United States. The Company divides its business into two geographic locations: the United States and International. It has international operations in Europe, the Americas (excluding the United States), 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: Recreational Goods, Other
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Exchange: NYSE
  • Symbol: MOV
  • CUSIP: 62458010
Key Metrics:
  • Previous Close: $23.40
  • 50 Day Moving Average: $24.45
  • 200 Day Moving Average: $25.05
  • 52-Week Range: $19.14 - $31.95
  • Trailing P/E Ratio: 15.53
  • Foreward P/E Ratio: 13.22
  • P/E Growth: 1.05
  • Market Cap: $545.99M
  • Outstanding Shares: 22,932,000
  • Beta: 0.47
  • Net Margins: 6.67%
  • Return on Equity: 8.97%
  • Return on Assets: 6.84%
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 6.28%
  • Quick Ratio: 4.26%

Analyst Ratings

Consensus Ratings for Movado Group (NYSE:MOV) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $29.50 (26.07% upside)

Analysts' Ratings History for Movado Group (NYSE:MOV)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
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 3/25/2015 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
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$143.30 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$0.86$0.87$188.70 million$188.60 millionViewListenView Earnings Details
8/26/2014Q215$0.54$0.44$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)
Current Year EPS Consensus Estimate: $1.55 EPS
Next Year EPS Consensus Estimate: $1.77 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.39$0.39$0.39
Q2 20163$0.16$0.27$0.23
Q3 20162$0.45$0.55$0.50
Q4 20162$0.88$1.08$0.98
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$0.81$0.81$0.81
Q4 20181$0.25$0.25$0.25
(Data provided by Zacks Investment Research)


Current Dividend Information for Movado Group (NYSE:MOV)
Next Dividend:4/14/2017
Annual Dividend:$0.52
Dividend Yield:2.22%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:32.10% (Trailing 12 Months of Earnings)
33.55% (Based on This Year's Estimates)
29.38% (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: 32.98%
Institutional Ownership Percentage: 63.35%
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
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 INC Financials - March 24 at 6:37 PM logoFY2018 Earnings Estimate for Movado Group, Inc (MOV) Issued By KeyCorp - March 23 at 12:49 PM logoQ1 2018 Earnings Forecast for Movado Group, Inc (MOV) Issued By KeyCorp - March 22 at 10:23 AM logoEdited Transcript of MOV earnings conference call or presentation 20-Mar-17 1:00pm GMT - March 21 at 6:33 PM logoMovado Group, Inc.'s Earnings Sink as Retailers Struggle - March 21 at 4:25 PM logoMovado Group Announces Cost Savings Initiatives; Introduces FY18 Outlook - March 21 at 11:43 AM logo10-K: MOVADO GROUP INC - March 21 at 11:43 AM logoBRIEF-Movado Group Q4 EPS $0.22 - March 21 at 11:43 AM logoMovado Group, Inc (MOV) Price Target Cut to $25.00 by Analysts at Cowen and Company - March 20 at 6:43 PM logoDow, Nasdaq Rise as FBI's Comey Confirms Probe of Russia's Election Interference - March 20 at 4:47 PM logoUS STOCKS-Wall St swings to gains as Apple hits record-high - March 20 at 4:47 PM logoStocks Lower as Crude Slump Weighs on Energy Sector - March 20 at 4:47 PM logoMovado Group, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results - March 20 at 10:10 AM logoMarket Recon: The G20 Meeting Was a Success for the U.S. - March 20 at 10:10 AM logoMovado's stock drops after disappointing results and outlook, job cuts - March 20 at 10:10 AM logoQ4 2017 Movado Group Inc Earnings Release - Before Market Open - March 20 at 10:10 AM logoStock Futures Slip After G20 Meeting Raises Fears of Protectionism - March 20 at 10:10 AM logoMOVADO GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Costs Associated with Exit or Dis - March 20 at 10:10 AM logoS&P 500 Slips After G20 Meeting Raises Fears of Protectionism, Crude Slumps - March 20 at 10:10 AM logoMovado Group, Inc (MOV) Issues FY18 Earnings Guidance - March 20 at 9:54 AM logoMovado Group, Inc (MOV) Issues Earnings Results, Misses Expectations By $0.01 EPS - March 20 at 9:54 AM logoEarnings Scheduled For March 20, 2017 - March 20 at 5:18 AM logoMovado Group, Inc (MOV) Downgraded by TheStreet - March 18 at 10:00 PM logoEarnings Preview: What To Expect From Movado On Monday - March 18 at 5:50 PM logo6 Stocks Trending Up With Huge Volume - March 17 at 8:53 AM logoMovado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2017 Results - March 13 at 10:17 AM logoMovado Partners With Google To Launch A New Smartwatch Collection - March 8 at 9:57 AM logo9 Cheap High-Yield Stocks - February 23 at 6:41 PM logoBe Frightened by This Luxury Retailer Trading Below a 'Death Cross' - February 1 at 7:42 PM logoMovado Group upgraded by Sidoti - January 31 at 3:19 AM logoInside The Hidden Economy Of Pawn Shops - January 20 at 7:25 PM logoTop Ranked Momentum Stocks to Buy for January 20th - January 20 at 7:25 PM logoBull of the Day: Movado (MOV) - January 19 at 9:54 PM logoJewelers of America Announces 2017 GEM Awards Winners - January 18 at 7:11 PM logoKen Fisher Sells Out of Movado Group - January 11 at 7:13 PM logoBuy These 5 Low-Beta Stocks to Fight Market Volatility - December 29 at 9:44 AM logoMovado Group: Sidewinding Price Because Of Pitiful Sales Growth - December 22 at 12:29 AM logoMovado Group downgraded by Sidoti - December 15 at 7:19 PM logoMovado Group (MOV): Moving Average Crossover Alert - December 13 at 7:02 PM logoMovado Hosts A Special Night On Broadway With Derek Jeter's Turn 2 Foundation - December 12 at 6:45 PM logoMovado Launches the Special Edition Edge Collection Designed in Collaboration with Industrial Designer Yves Béhar - December 8 at 4:39 PM logoTiffany Sees Signs Of Improving Sales Trends As Q3 Beats - November 30 at 6:47 PM logo10-Q: MOVADO GROUP INC - November 23 at 6:18 PM logoMovado Group, Inc. Shows Signs of Stabilization - November 23 at 3:46 PM logoWhy Movado Group, Chico's FAS, and Barnes & Noble Jumped Today - November 22 at 5:42 PM logoWatch Stocks In Vogue - November 22 at 4:40 PM logoMovado Group Inc Earnings Call (Q3 2017) - November 22 at 10:27 AM logoMovado Group Affirms FY17 Outlook; To Collaborate With Rebecca Minkoff - November 22 at 10:27 AM logoBRIEF-Movado Group Q3 adjusted EPS $0.91 excluding items - November 22 at 10:27 AM logoQ3 2017 Movado Group Inc Earnings Release - Before Market Open - November 22 at 10:27 AM


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 Monday, March 20th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.13 per share on Friday, April 14th. This represents a $0.52 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, March 29th.

How were Movado Group's earnings last quarter?

Movado Group, Inc (NYSE:MOV) posted its quarterly earnings results on Monday, March, 20th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.01. The firm had revenue of $130.80 million for the quarter, compared to analysts' expectations of $137.11 million. Movado Group had a net margin of 6.67% and a return on equity of 8.97%. The firm's revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share.

When will Movado Group make its next earnings announcement?

Movado Group is scheduled to release their next quarterly earnings announcement on Wednesday, March, 29th 2017.

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

Movado Group issued an update on its FY18 earnings guidance on Monday, March, 20th. The company provided EPS guidance of $1.40-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.74. The company issued revenue guidance of $515-530 million, compared to the consensus revenue estimate of $575.73 million.

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

3 brokerages have issued 12 month price objectives for Movado Group's shares. Their predictions range from $25.00 to $34.00. On average, they expect Movado Group's share price to reach $29.50 in the next year.

What are analysts saying about Movado Group stock?

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

  • 1. 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)
  • 2. 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. " (1/24/2017)

Who owns Movado Group stock?

Movado Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.19%), Royce & Associates LP (5.52%), State Street Corp (1.65%), FMR LLC (1.63%), AQR Capital Management LLC (1.00%) and AlphaOne Investment Services LLC (0.63%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Francis Anthony Morelli, Margaret Hayes Adame, Richard D Isserman and Timothy F Michno.

Who sold Movado Group stock? Who is selling Movado Group stock?

Movado Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Systematic Financial Management LP, Renaissance Technologies LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP, Menta Capital LLC, Fiera Capital Corp and Tudor Investment Corp Et Al. Company insiders that have sold Movado Group stock in the last year include Alan H Howard, Alexander Grinberg and Margaret Hayes Adame.

Who bought Movado Group stock? Who is buying Movado Group stock?

Movado Group's stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Royce & Associates LP, Russell Investments Group Ltd., Numeric Investors LLC, State Street Corp, Cornercap Investment Counsel Inc., AlphaOne Investment Services LLC and Guggenheim Capital LLC.

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.

How much does a share of Movado Group stock cost?

One share of Movado Group stock can currently be purchased for approximately $23.40.

Movado Group (MOV) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by Staff