Movado Group Company Profile (NYSE:MOV)

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

Movado Group declared a quarterly dividend on Tuesday, August 29th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.13 per share on Monday, September 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, September 8th. View Movado Group's Dividend History.

Movado Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 30th 2017, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Movado Group Inc. (NYSE:MOV) posted its quarterly earnings results on Tuesday, August, 29th. The company reported $0.43 EPS for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.18. The company had revenue of $128.80 million for the quarter, compared to analyst estimates of $122 million. Movado Group had a return on equity of 7.74% and a net margin of 4.97%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. View Movado Group's Earnings History.

Movado Group is scheduled to release their next quarterly earnings announcement on Monday, November, 20th 2017. View Earnings Estimates for Movado Group.

Movado Group updated its FY18 earnings guidance on Tuesday, August, 29th. The company provided earnings per share guidance of $1.50-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. The company issued revenue guidance of $530-545 million, compared to the consensus revenue estimate of $518.23 million.

2 equities research analysts have issued 12-month target prices for Movado Group's shares. Their predictions range from $25.00 to $34.00. On average, they expect Movado Group's share price to reach $29.50 in the next twelve months. View Analyst Ratings for Movado Group.

Here are some recent quotes from research analysts about Movado Group stock:

• 1. According to Zacks Investment Research, "Movado Group, Inc. is a designer, manufacturer and distributor of quality watches with prominent brands sold in almost every price category comprising the watch industry. The company's watch brands include Movado, Concord, and ESQ. " (9/2/2017)
• 2. Cowen and Company analysts commented, "We remain on sidelines w/Market Perform given: 4Q sales & FY18 guide below St. as dept. store & watch category weakness continues - 4Q exp. mgmt. was solid. Forward silverlining: cost saving program, marketing shift toward digital, & strides in premium wearable offerings should protect new guide. We look forward to getting past 1Q's rev. decline (-mid-high teens%) & hopefully accelerating 2H." (3/20/2017)

Some companies that are related to Movado Group include Asbury Automotive Group (ABG), J.C. Penney Company, Inc. Holding Company (JCP), Weis Markets (WMK), Lumber Liquidators Holdings (LL), Chico's FAS (CHS), Sonic Corp. (SONC), Wingstop (WING), Systemax (SYX), Abercrombie & Fitch Company (ANF), SpartanNash Company (SPTN), Shake Shack (SHAK), Ethan Allen Interiors (ETH), Sonic Automotive (SAH), Red Robin Gourmet Burgers (RRGB), Denny's Corporation (DENN), Tile Shop Hldgs (TTS), Sears Holdings Corporation (SHLD) and Debenhams Adr (DBHSY).

Movado Group's management team includes the folowing people:

• Efraim Grinberg, Chairman of the Board, Chief Executive Officer
• Sallie A. DeMarsilis, Chief Financial Officer, Principal Accounting Officer
• Frank Anthony Morelli, Senior Vice President - Global Business Processes, Chief Information Officer
• Timothy F. Michno, Secretary, General Counsel
• Alan H. Howard, Lead Independent Director
• Richard J. Cote, Director
• Alexander Grinberg, Director
• Margaret Hayes Adame, Independent Director
• Peter A. Bridgman, Independent Director

Movado Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.47%), Dimensional Fund Advisors LP (8.62%), JPMorgan Chase & Co. (6.32%), FMR LLC (3.61%), Janus Henderson Group PLC (3.35%) and Royce & Associates LP (3.16%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Francis Anthony Morelli, Margaret Hayes Adame, Nathan Leventhal and Sallie A Demarsilis. View Institutional Ownership Trends for Movado Group.

Movado Group's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Acadian Asset Management LLC, JPMorgan Chase & Co., Prudential Financial Inc., Schwab Charles Investment Management Inc., Ameriprise Financial Inc., Virginia Retirement Systems ET AL and Vanguard Group Inc.. Company insiders that have sold Movado Group stock in the last year include Nathan Leventhal and Sallie A Demarsilis. View Insider Buying and Selling for Movado Group.

Movado Group's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Deprince Race & Zollo Inc., FMR LLC, Confluence Investment Management LLC, Brandes Investment Partners LP, Northern Trust Corp, Balyasny Asset Management LLC and Teton Advisors Inc.. View Insider Buying and Selling for Movado Group.

Shares of Movado Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Movado Group stock can currently be purchased for approximately $27.20.