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

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

Movado Group declared a quarterly dividend on Wednesday, May 30th. Shareholders of record on Monday, June 11th will be paid a dividend of $0.20 per share on Monday, June 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 8th. View Movado Group's Dividend History.

Movado Group announced that its Board of Directors has initiated a share buyback program on Wednesday, August 30th 2017, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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

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

Movado Group updated its FY19 earnings guidance on Wednesday, May, 30th. The company provided earnings per share guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokers have issued 1-year price targets for Movado Group's stock. Their predictions range from $42.00 to $42.00. On average, they expect Movado Group's share price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 14.4%. View Analyst Ratings 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."

Some companies that are related to Movado Group include Wendys (WEN), Penske Automotive Group (PAG), American Eagle Outfitters (AEO), Casey's General Stores (CASY), Performance Food Group (PFGC), JUST EAT PLC/ADR (JSTTY), Cracker Barrel Old Country Store (CBRL), Michaels Companies (MIK), Dicks Sporting Goods (DKS), Signet Jewelers (SIG), Tech Data (TECD), Stitch Fix (SFIX), Aaron's (AAN), BOOHOO Com PLC/ADR (BHOOY) and Restoration Hardware Holdings, Inc common stock (RH).

Media headlines about MOV stock have been trending somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Movado Group earned a media sentiment score of 0.01 on Accern's scale. They also gave news stories about the company an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Movado Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.68%), Deprince Race & Zollo Inc. (0.64%), Cacti Asset Management LLC (0.09%) 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.

MOV stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Cacti Asset Management LLC 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.

MOV stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can. View Insider Buying and Selling for 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.

One share of MOV stock can currently be purchased for approximately $49.05.

Movado Group has a market capitalization of $1.09 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.

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]