Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names. It also provides after-sales and shipping service. As of January 31, 2018, the company operated 40 retail outlet locations. Its customers include jewelry store chains, department stores, independent regional jewelers, licensors' retail stores, and a network of independent distributors. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.
Industry, Sector and Symbol
Industry Watches, clocks, watchcases, & parts
Sub-IndustryApparel Accessories & Luxury Goods
Trailing P/E Ratio24.39
Forward P/E Ratio20.31
Sales & Book Value
Annual Sales$567.95 million
Price / Sales1.99
Cash Flow$2.5941 per share
Price / Cash18.87
Book Value$20.50 per share
Price / Book2.39
EPS (Most Recent Fiscal Year)$2.00
Return on Equity11.59%
Return on Assets8.62%
Movado (NYSE:MOV) Frequently Asked Questions
What is Movado's stock symbol?
Movado trades on the New York Stock Exchange (NYSE) under the ticker symbol "MOV."
How often does Movado pay dividends? What is the dividend yield for Movado?
Movado announced a quarterly dividend on Wednesday, May 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, June 8th. View Movado's Dividend History.
How will Movado's stock buyback program work?
Movado declared that its board has initiated a stock buyback plan on Wednesday, August 30th 2017, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.
How were Movado's earnings last quarter?
Movado (NYSE:MOV) issued its quarterly earnings results on Wednesday, May, 30th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.26. The company earned $127.10 million during the quarter, compared to the consensus estimate of $109.47 million. Movado had a negative net margin of 0.50% and a positive return on equity of 11.59%. The business's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. View Movado's Earnings History.
When is Movado's next earnings date?
What guidance has Movado issued on next quarter's earnings?
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 estimate of $2.23. The company issued revenue guidance of $615-625.0 million, compared to the consensus revenue estimate of $608.87 million.
What price target have analysts set for MOV?
3 brokerages have issued twelve-month price objectives for Movado's stock. Their forecasts 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.
Who are some of Movado's key competitors?
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).
Who are Movado's key executives?
Movado's management team includes the folowing people:
- Mr. Efraim Grinberg, Chairman & CEO (Age 60)
- Ms. Sallie A. DeMarsilis, Sr. VP, CFO & Principal Accounting Officer (Age 53)
- Mr. Francis Anthony Morelli, Chief Information Officer and Sr. VP of Global Bus. Processes (Age 67)
- Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel and Sec. (Age 53)
- Mary Leach, Chief Marketing Officer
Has Movado been receiving favorable news coverage?
Media coverage about MOV stock has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Movado earned a news sentiment score of 0.08 on Accern's scale. They also gave news articles about the company an impact score of 44.88 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Movado's major shareholders?
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.
Which major investors are selling Movado stock?
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.
Which major investors are buying Movado stock?
MOV stock was bought 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.
How do I buy shares of 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.
What is Movado's stock price today?
One share of MOV stock can currently be purchased for approximately $48.95.
How big of a company is Movado?
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.
How can I contact Movado?
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]
MarketBeat Community Rating for Movado (MOV)MarketBeat's community ratings are surveys of what our community members think about Movado and other stocks. Vote "Outperform" if you believe MOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MOV will underperform the S&P 500 over the long term. You may vote once every thirty days.