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

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

Movado announced a quarterly dividend on Wednesday, May 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, June 8th. View Movado's Dividend History.

Movado declared that its board has initiated a stock buyback plan on Wednesday, August 30th 2017, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

Movado (NYSE:MOV) issued its quarterly earnings results on Wednesday, May, 30th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.26. The company earned $127.10 million during the quarter, compared to the consensus estimate of $109.47 million. Movado had a negative net margin of 0.50% and a positive return on equity of 11.59%. The business's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. View Movado's Earnings History.

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

Movado 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.

3 brokerages have issued twelve-month price objectives for Movado's stock. Their forecasts range from $42.00 to $42.00. On average, they expect Movado's share price to reach $42.00 in the next year. View Analyst Ratings for Movado.

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Media coverage about MOV stock has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Movado earned a news sentiment score of 0.08 on Accern's scale. They also gave news articles about the company an impact score of 44.88 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Movado's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.93%), Dimensional Fund Advisors LP (6.01%), JPMorgan Chase & Co. (3.88%), Northern Trust Corp (2.01%), LSV Asset Management (1.29%) and Prudential Financial Inc. (0.92%). Company insiders that own Movado 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.

MOV stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., California Public Employees Retirement System, Prudential Financial Inc., Landscape Capital Management L.L.C., Russell Investments Group Ltd., Systematic Financial Management LP and Dimensional Fund Advisors LP. Company insiders that have sold Movado 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.

MOV stock was bought by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, LSV Asset Management, Hancock Holding Co., Schwab Charles Investment Management Inc., WBI Investments Inc., GSA Capital Partners LLP, Susquehanna Fundamental Investments LLC and Cambria Investment Management L.P.. View Insider Buying and Selling for Movado.

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.

One share of MOV stock can currently be purchased for approximately $48.95.

Movado has a market capitalization of $1.14 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 employs 1,000 workers across the globe.

Movado'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]