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

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

Movado declared a quarterly dividend on Wednesday, May 30th. Shareholders 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's Dividend History.

Movado announced 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. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Movado (NYSE:MOV) posted its quarterly earnings data on Wednesday, May, 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.26. The company had revenue of $127.10 million for the quarter, compared to analysts' expectations of $109.47 million. Movado had a negative net margin of 0.50% and a positive return on equity of 11.59%. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. 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 EPS 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 analysts have issued 12 month price objectives for Movado's stock. Their predictions 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.

Some companies that are related to Movado include Travis Perkins (TVPKF), AutoNation (AN), Penske Automotive Group (PAG), Wendys (WEN), American Eagle Outfitters (AEO), YOOX NET A PORT/S (YXOXY), Cracker Barrel Old Country Store (CBRL), Dicks Sporting Goods (DKS), Casey's General Stores (CASY), JUST EAT PLC/ADR (JSTTY), Performance Food Group (PFGC), Restoration Hardware Holdings, Inc common stock (RH), Tech Data (TECD), Signet Jewelers (SIG) and Michaels Companies (MIK).

Headlines about MOV stock have trended somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Movado earned a coverage optimism score of 0.18 on Accern's scale. They also gave news articles about the company an impact score of 46.76 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

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 acquired 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 $49.35.

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]