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. Shareholders 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 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 8th. View Movado Group's Dividend History.

Movado Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 30th 2017, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

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

Movado Group is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Movado Group.

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

2 brokerages have issued 12 month target prices for Movado Group's stock. 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), Weis Markets (WMK), Chico's FAS (CHS), Lumber Liquidators Holdings (LL), Sonic Corp. (SONC), Wingstop (WING), Systemax (SYX), Abercrombie & Fitch Company (ANF), SpartanNash Company (SPTN), Ethan Allen Interiors (ETH), Shake Shack (SHAK), Sonic Automotive (SAH), Red Robin Gourmet Burgers (RRGB), Denny's Corporation (DENN), Tile Shop Hldgs (TTS), Buckle, Inc. (The) (BKE), DEBENHAMS ADR (DBHSY) and PetMed Express (PETS).

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 many different 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 purchased 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 $27.35.