Movado Group Company Profile (NYSE:MOV)

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

Movado Group announced 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 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, September 8th. View Movado Group's Dividend History.

Movado Group announced that its Board of Directors has initiated a stock repurchase 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 buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Movado Group Inc. (NYSE:MOV) issued its quarterly earnings data 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 business earned $128.80 million during 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 firm's revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $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 issued an update on 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 brokers have issued 12 month price targets for Movado Group's stock. Their forecasts range from $25.00 to $34.00. On average, they anticipate Movado Group's share price to reach $29.50 in the next year. 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), Shake Shack (SHAK), Weis Markets (WMK), Chico's FAS (CHS), Lumber Liquidators Holdings (LL), Sonic Corp. (SONC), Wingstop (WING), Abercrombie & Fitch Company (ANF), SpartanNash Company (SPTN), Systemax (SYX), Ethan Allen Interiors (ETH), Tile Shop Hldgs (TTS), Sears Holdings Corporation (SHLD), Red Robin Gourmet Burgers (RRGB), Sonic Automotive (SAH), Denny's Corporation (DENN), Buckle, Inc. (The) (BKE) and DineEquity (DIN).

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 variety of of retail and institutional investors. Top institutional shareholders 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 $27.55.