NYSE:MOV - Movado Group Stock Price, Price Target & More

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$49.50 +0.45 (+0.92 %)
(As of 07/19/2018 03:19 PM ET)
Previous Close$48.90
Today's Range$48.80 - $50.00
52-Week Range$21.50 - $53.72
Volume3,111 shs
Average Volume172,645 shs
Market Capitalization$1.13 billion
P/E Ratio24.70
Dividend Yield1.63%
Beta-0.17
Movado Group logoMovado 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.

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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 Ratio5.80
Quick Ratio3.76

Price-To-Earnings

Trailing P/E Ratio24.70
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$567.95 million
Price / Sales2.01
Cash Flow$2.6358 per share
Price / Cash18.78
Book Value$20.50 per share
Price / Book2.41

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$-15,220,000.00
Net Margins-0.50%
Return on Equity11.59%
Return on Assets8.62%

Miscellaneous

Employees1,000
Outstanding Shares23,100,000
Market Cap$1,132.86

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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, May 30th. Investors of record on Monday, June 11th will be given a dividend of $0.20 per share on Monday, June 25th. This represents a $0.80 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, June 8th. View Movado Group's Dividend History.

How will Movado Group's stock buyback program work?

Movado Group declared that its board has approved a stock repurchase program on Wednesday, August 30th 2017, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication 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 earnings results on Wednesday, May, 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.26. The company had revenue of $127.10 million for the quarter, compared to analyst estimates of $109.47 million. Movado Group had a positive return on equity of 11.59% and a negative net margin of 0.50%. The firm's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. View Movado Group's Earnings History.

When is Movado Group's next earnings date?

Movado Group is scheduled to release their next quarterly earnings announcement on Tuesday, September, 4th 2018. View Earnings Estimates for Movado Group.

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

Movado Group issued an update on its FY19 earnings guidance on Wednesday, May, 30th. The company provided EPS guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.23. The company issued revenue guidance of $615-625.0 million, compared to the consensus revenue estimate of $608.87 million.

What price target have analysts set for MOV?

3 equities research analysts have issued 1-year price objectives for Movado Group's shares. Their forecasts range from $42.00 to $42.00. On average, they anticipate Movado Group's share price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 15.0%. View Analyst Ratings for Movado Group.

What is the consensus analysts' recommendation for Movado Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

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:
  • 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)

Has Movado Group been receiving favorable news coverage?

Media headlines about MOV stock have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Movado Group earned a coverage optimism score of 0.02 on Accern's scale. They also gave media coverage about the company an impact score of 45.16 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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 Confluence Investment Management LLC (0.68%), Deprince Race & Zollo Inc. (0.64%), Cacti Asset Management LLC (0.09%), Municipal Employees Retirement System of Michigan (0.08%), Nisa Investment Advisors LLC (0.07%) and Bank of Montreal Can (0.02%). 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 and Sallie A Demarsilis. View Institutional Ownership Trends for Movado Group.

Which institutional 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., Cacti Asset Management LLC, Municipal Employees Retirement System of Michigan and Confluence Investment Management LLC. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman and Sallie A Demarsilis. View Insider Buying and Selling for Movado Group.

Which institutional investors are buying Movado Group stock?

MOV stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Bank of Montreal Can. 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 $49.40.

How big of a company is Movado Group?

Movado Group has a market capitalization of $1.13 billion 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.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  123 (Vote Outperform)
Underperform Votes:  190 (Vote Underperform)
Total Votes:  313
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.
This page was last updated on 7/19/2018 by MarketBeat.com Staff

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