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. Investors 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 annualized dividend and a dividend 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 stock repurchase program on Wednesday, August 30th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Movado (NYSE:MOV) announced its earnings results on Wednesday, May, 30th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.26. The business earned $127.10 million during the quarter, compared to analyst estimates of $109.47 million. Movado had a negative net margin of 0.50% and a positive return on equity of 11.59%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company posted $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 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 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 Wall Street 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.

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Press coverage about MOV stock has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million news and blog 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 earned a media sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the company an impact score of 45.41 out of 100, indicating that recent media 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 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]