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
SymbolNYSE:MOV
CUSIP62458010
Phone201-267-8000
Debt
Debt-to-Equity RatioN/A
Current Ratio5.17
Quick Ratio3.28
Price-To-Earnings
Trailing P/E Ratio18.79
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$567.95 million
Price / Sales1.51
Cash Flow$2.4740 per share
Price / Cash15.02
Book Value$20.50 per share
Price / Book1.81
Profitability
EPS (Most Recent Fiscal Year)$2.00
Net Income$-15,220,000.00
Net Margins0.12%
Return on Equity11.81%
Return on Assets8.74%
Miscellaneous
Employees1,000
Outstanding Shares23,150,000
Market Cap$908.14 million
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 Wednesday, August 29th. Investors of record on Tuesday, September 11th will be given a dividend of $0.20 per share on Tuesday, September 25th. This represents a $0.80 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, September 10th. 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 plan on Wednesday, August 30th 2017, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) posted its quarterly earnings results on Wednesday, August, 29th. The company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $144.10 million for the quarter, compared to analysts' expectations of $137.50 million. Movado Group had a net margin of 0.12% and a return on equity of 11.81%. The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. 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 Wednesday, August, 29th. The company provided EPS guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus estimate of $2.41. The company issued revenue guidance of $660-675.0, compared to the consensus revenue estimate of $624.80 million.
What price target have analysts set for MOV?
2 brokers have issued 12 month price targets for Movado Group's stock. Their predictions range from $42.00 to $42.00. On average, they anticipate Movado Group's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 13.0% 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.
Who are some of Movado Group's key competitors?
Some companies that are related to Movado Group include AutoNation (AN), Aaron's (AAN), Sprouts Farmers Market (SFM), Dicks Sporting Goods (DKS), BOOHOO GRP PLC/ADR (BHOOY), Performance Food Group (PFGC), Signet Jewelers (SIG), Michaels Companies (MIK), JUST EAT PLC/ADR (JSTTY), Tech Data (TECD), Restoration Hardware (RH), Tempur Sealy International (TPX), Stitch Fix (SFIX), LI NING Co Ltd/ADR (LNNGY) and Dave & Buster's Entertainment (PLAY).
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 number of of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.34%), North Star Investment Management Corp. (0.32%), Dalton Greiner Hartman Maher & Co. (0.32%), MERIAN GLOBAL INVESTORS UK Ltd (0.23%), Deprince Race & Zollo Inc. (0.12%) and Bowling Portfolio Management LLC (0.12%). 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 Deprince Race & Zollo Inc., Foundry Partners LLC and Bowling Portfolio Management LLC. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Richard Cote, Richard D Isserman and Sallie A Demarsilis. 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 Dalton Greiner Hartman Maher & Co., MERIAN GLOBAL INVESTORS UK Ltd and North Star Investment Management Corp.. 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 $37.16.
How big of a company is Movado Group?
Movado Group has a market capitalization of $908.14 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.
