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
Industry Watches, clocks, watchcases, & parts
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
Phone201-267-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$567.95 million
Profitability
Miscellaneous
Employees1,000
OptionableOptionable
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 Tuesday, December 4th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.20 per share on Friday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 13th. 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 buyback plan on Wednesday, August 30th 2017, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its stock is undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) issued its quarterly earnings data on Tuesday, December, 4th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.06. The firm had revenue of $208.90 million for the quarter, compared to the consensus estimate of $205.40 million. Movado Group had a net margin of 1.63% and a return on equity of 12.64%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. 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 Tuesday, December, 4th. The company provided EPS guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. The company issued revenue guidance of $660-675 million, compared to the consensus revenue estimate of $666.10 million.Movado Group also updated its FY 2019 guidance to $2.45-2.55 EPS.
What price target have analysts set for MOV?
2 brokers have issued twelve-month target prices for Movado Group's stock. 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 a possible upside of 25.3% 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.
Has Movado Group been receiving favorable news coverage?
News coverage about MOV stock has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Movado Group earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are some of Movado Group's key competitors?
Some companies that are related to Movado Group include Restoration Hardware (RH), WOOLWORTHS HOLD/GDR (WLWHY), BOOHOO GRP PLC/ADR (BHOOY), Stitch Fix (SFIX), Beacon Roofing Supply (BECN), LI NING CO LTD/ADR (LNNGY), GREENE KING PLC/S (GKNGY), Bed Bath & Beyond (BBBY), Sally Beauty (SBH), DSW (DSW), Michaels Companies (MIK), Cheesecake Factory (CAKE), Jack in the Box (JACK), Lithia Motors (LAD) and Wingstop (WING).
Who are Movado Group's key executives?
Movado Group's management team includes the folowing people:
- Mr. Efraim Grinberg, Chairman & CEO (Age 61)
- Ms. Sallie A. DeMarsilis, CFO & Principal Accounting Officer (Age 54)
- Mr. Francis Anthony Morelli, Sr. VP of Global Information Technology & Operations (Age 68)
- Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel & Sec. (Age 54)
- Vivian D'Elia, Sr. VP of HR (Age 67)
Who are Movado Group's major shareholders?
Movado Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.55%), Dimensional Fund Advisors LP (6.02%), Acadian Asset Management LLC (2.10%), Northern Trust Corp (1.97%), Geode Capital Management LLC (1.33%) and Bank of New York Mellon Corp (1.26%). 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 institutional investors are selling Movado Group stock?
MOV stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Oberweis Asset Management Inc., AlphaOne Investment Services LLC, Public Employees Retirement System of Ohio, KBC Group NV, Geode Capital Management LLC, Dalton Greiner Hartman Maher & Co. and D. E. Shaw & Co. Inc.. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Richard Cote and Richard D Isserman. View Insider Buying and Selling for Movado Group.
Which institutional investors are buying Movado Group stock?
MOV stock was acquired by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, WINTON GROUP Ltd, Fort Washington Investment Advisors Inc. OH, Prudential Financial Inc., Martingale Asset Management L P, Two Sigma Investments LP, SG Americas Securities LLC and Dimensional Fund Advisors LP. 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 $33.52.
How big of a company is Movado Group?
Movado Group has a market capitalization of $773.98 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.
