Movado Group Company Profile (NYSE:MOV)

About Movado Group (NYSE:MOV)

Movado Group logoMovado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers. The Retail segment includes its outlet stores. As of January 31, 2017, its subsidiary, Movado Retail Group, Inc., operated 40 outlet stores located in outlet centers across the United States. It divides its business into two geographic locations: the United States operations and International operations. It has international operations in Europe, the Americas, the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Recreational Goods, Other
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Symbol: NYSE:MOV
  • CUSIP: 62458010
  • Web: www.movadogroup.com
Capitalization:
  • Market Cap: $491.15 million
  • Outstanding Shares: 22,951,000
Average Prices:
  • 50 Day Moving Avg: $23.16
  • 200 Day Moving Avg: $25.58
  • 52 Week Range: $19.14 - $31.95
P/E:
  • Trailing P/E Ratio: 14.17
  • Foreward P/E Ratio: 12.59
  • P/E Growth: 1.05
Sales & Book Value:
  • Annual Revenue: $552.75 million
  • Price / Sales: 0.89
  • Book Value: $20.65 per share
  • Price / Book: 1.04
Dividend:
  • Annual Dividend: $0.52
  • Dividend Yield: 2.3%
Profitability:
  • EBIDTA: $63.79 million
  • Net Margins: 6.67%
  • Return on Equity: 8.97%
  • Return on Assets: 6.84%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 6.28%
  • Quick Ratio: 4.26%
Misc:
  • Average Volume: 176,751 shs.
  • Beta: 0.47
  • Short Ratio: 5.08
 

Frequently Asked Questions for Movado Group (NYSE:MOV)

What is Movado Group's stock symbol?

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

How often does Movado Group pay dividends? What is the dividend yield for Movado Group?

Movado Group declared a quarterly dividend on Thursday, May 25th. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.13 per share on Tuesday, June 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, June 2nd. View Movado Group's Dividend History.

How were Movado Group's earnings last quarter?

Movado Group, Inc (NYSE:MOV) announced its quarterly earnings results on Thursday, May, 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.09. The company had revenue of $99.30 million for the quarter, compared to analysts' expectations of $100.23 million. Movado Group had a return on equity of 8.97% and a net margin of 6.67%. The firm's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. View Movado Group's Earnings History.

What guidance has Movado Group issued on next quarter's earnings?

Movado Group issued an update on its FY18 earnings guidance on Thursday, May, 25th. The company provided earnings per share (EPS) guidance of $1.40-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $515-530 million, compared to the consensus revenue estimate of $520.27 million.

Where is Movado Group's stock going? Where will Movado Group's stock price be in 2017?

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

What are analysts saying about Movado Group stock?

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. " (5/23/2017)
  • 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)

Who are some of Movado Group's key competitors?

Who owns Movado Group stock?

Movado Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.79%), Dimensional Fund Advisors LP (6.17%), Royce & Associates LP (4.92%), JPMorgan Chase & Co. (4.78%), FMR LLC (1.58%) and Ameriprise Financial Inc. (1.51%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Francis Anthony Morelli, Margaret Hayes Adame, Richard D Isserman and Timothy F Michno. View Institutional Ownership Trends for Movado Group.

Who sold Movado Group stock? Who is selling Movado Group stock?

Movado Group's stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Royce & Associates LP, Russell Investments Group Ltd., Schwab Charles Investment Management Inc., TIAA CREF Investment Management LLC, Credit Suisse AG, Morgan Stanley and Foundry Partners LLC. View Insider Buying and Selling for Movado Group.

Who bought Movado Group stock? Who is buying Movado Group stock?

Movado Group's stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Prudential Financial Inc., Vanguard Group Inc., Renaissance Technologies LLC, TFS Capital LLC, Trexquant Investment LP, North Star Investment Management Corp. and Ariel Investments LLC. View Insider Buying and Selling for Movado Group.

How do I buy Movado Group stock?

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.

How much does a share of Movado Group stock cost?

One share of Movado Group stock can currently be purchased for approximately $21.40.

Analyst Ratings

Consensus Ratings for Movado Group (NYSE:MOV) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $29.50 (37.85% upside)

Analysts' Ratings History for Movado Group (NYSE:MOV)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/20/2017Cowen and CompanyLower Price TargetMarket Perform$27.00 -> $25.00HighView Rating Details
1/30/2017SidotiUpgradeNeutral -> Buy$34.00N/AView Rating Details
4/19/2016Pacific CrestReiterated RatingEqual WeightN/AView Rating Details
11/26/2015Barrington ResearchReiterated RatingHoldN/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Movado Group (NYSE:MOV)
Earnings by Quarter for Movado Group (NYSE:MOV)
Earnings History by Quarter for Movado Group (NYSE:MOV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/25/2017Q1 2018$0.10$0.01$100.23 million$99.30 millionViewN/AView Earnings Details
3/20/2017Q4 2017$0.23$0.22$137.11 million$130.80 millionViewN/AView Earnings Details
11/22/2016Q317$0.72$0.91$174.32 million$179.80 millionViewListenView Earnings Details
8/25/2016Q217$0.31$0.27$135.92 million$128.10 millionViewListenView Earnings Details
5/26/2016Q117$0.16$0.19$115.59 million$114.10 millionViewListenView Earnings Details
3/31/2016Q416$0.39$0.40$137.70 million$143.26 millionViewListenView Earnings Details
11/24/2015Q316$0.95$0.92$191.64 million$185.60 millionViewListenView Earnings Details
8/27/2015Q216$0.42$0.50$142.25 million$145.50 millionViewListenView Earnings Details
5/27/2015Q116$0.26$0.25$119.55 million$120.50 millionViewListenView Earnings Details
3/31/2015Q415$0.20$0.40$134.31 million$133.90 millionViewListenView Earnings Details
11/25/2014Q315$0.87$0.87$188.70 million$188.60 millionViewListenView Earnings Details
8/26/2014Q215$0.54$0.47$152.91 million$143.60 millionViewListenView Earnings Details
5/22/2014Q115$0.32$0.29$123.07 million$120.90 millionViewListenView Earnings Details
3/26/2014Q414$0.30$0.46$143.50 million$140.10 millionViewListenView Earnings Details
11/26/2013Q3$0.87$0.89$184.35 million$189.70 millionViewListenView Earnings Details
8/27/2013Q2 2014$0.32$0.44$135.91 million$138.30 millionViewListenView Earnings Details
5/29/2013Q1 2014$0.22$0.32$103.70 million$110.00 millionViewListenView Earnings Details
3/21/2013Q4 2013$0.26$0.41$128.30 million$128.50 millionViewListenView Earnings Details
11/28/20120.67$0.67$160.20 millionViewListenView Earnings Details
8/28/2012Q213$0.18$0.30$122.00 million$118.00 millionViewN/AView Earnings Details
5/31/2012$0.24$0.26ViewN/AView Earnings Details
12/1/2011$0.43$0.65ViewN/AView Earnings Details
9/1/2011$0.04$0.16ViewN/AView Earnings Details
6/2/2011($0.03)$0.02ViewN/AView Earnings Details
4/7/2011$0.01$0.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Movado Group (NYSE:MOV)
2017 EPS Consensus Estimate: $1.63
2018 EPS Consensus Estimate: $1.43
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.15$0.43$0.29
Q2 20172$0.36$0.38$0.37
Q3 20172$0.70$0.78$0.74
Q4 20172$0.18$0.28$0.23
Q1 20181$0.13$0.13$0.13
Q2 20181$0.24$0.24$0.24
Q3 20181$0.81$0.81$0.81
Q4 20181$0.25$0.25$0.25
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Movado Group (NYSE:MOV)
Next Dividend:6/20/2017
Annual Dividend:$0.52
Dividend Yield:2.43%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:32.10% (Trailing 12 Months of Earnings)
36.88% (Based on This Year's Estimates)
30.59% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Movado Group (NYSE:MOV)

Dividend History by Quarter for Movado Group (NYSE:MOV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/25/2017quarterly$0.132.43%6/2/20176/6/20176/20/2017
3/20/2017quarterly$0.132.14%3/29/20173/31/20174/14/2017
11/22/2016quarterly$0.131.83%11/30/201612/2/201612/16/2016
8/25/2016quarterly$0.132.28%9/1/20169/6/20169/20/2016
5/26/2016quarterly$0.132.41%6/3/20166/7/20166/21/2016
3/31/2016quarterly$0.131.8%4/8/20164/12/20164/26/2016
11/24/2015quarterly$0.111.64%12/2/201512/4/201512/18/2015
8/27/2015quarterly$0.111.54%9/3/20159/8/20159/22/2015
5/27/2015quarterly$0.111.68%6/4/20156/8/20156/22/2015
3/31/2015quarterly$0.111.42%4/8/20154/10/20154/24/2015
11/25/2014quarterly$0.101.43%12/3/201412/5/201412/19/2014
8/27/2014quarterly$0.101.03%9/3/20149/5/20149/15/2014
8/26/2014quarterly$0.109/3/20149/5/20149/19/2014
5/22/2014quarterly$0.101.04%5/29/20146/2/20146/16/2014
3/26/2014quarterly$0.100.87%4/3/20144/7/20144/21/2014
11/26/2013quarterly$0.080.71%12/4/201312/6/201312/20/2013
8/27/2013quarterly$0.080.75%9/4/20139/6/20139/20/2013
5/29/2013quarterly$0.050.57%6/6/20136/10/20136/21/2013
3/21/2013quarterly$0.050.63%3/28/20134/2/20134/16/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Movado Group (NYSE:MOV)
Insider Ownership Percentage: 32.98%
Institutional Ownership Percentage: 63.35%
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Institutional Ownership by Quarter for Movado Group (NYSE:MOV)
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/10/2016Efraim GrinbergCEOBuy5,000$19.62$98,100.00View SEC Filing  
4/15/2016Alexander GrinbergDirectorSell806$27.81$22,414.86View SEC Filing  
4/6/2016Alan H HowardDirectorSell1,500$28.00$42,000.00View SEC Filing  
4/5/2016Margaret Hayes AdameDirectorSell1,500$27.29$40,935.00View SEC Filing  
1/5/2016Francis Anthony MorelliVPSell10,000$24.31$243,100.00View SEC Filing  
8/31/2015Timothy F. MichnoinsiderSell8,400$28.99$243,516.00View SEC Filing  
6/18/2015Margaret Hayes AdameDirectorSell1,500$27.78$41,670.00View SEC Filing  
6/4/2015Richard D IssermanDirectorSell1,500$27.97$41,955.00View SEC Filing  
9/12/2014Peter A BridgmanDirectorBuy2,000$36.16$72,320.00View SEC Filing  
6/6/2014Maurice S ReznikDirectorBuy1,200$40.00$48,000.00View SEC Filing  
4/16/2014Timothy MichnoInsiderSell1,016$42.50$43,180.00View SEC Filing  
4/15/2014Alexander GrinbergDirectorSell8,799$42.00$369,558.00View SEC Filing  
4/14/2014Efraim GrinbergCEOSell50,000$42.09$2,104,500.00View SEC Filing  
4/7/2014Efraim GrinbergCEOSell75,000$41.84$3,138,000.00View SEC Filing  
6/11/2013Nathan LeventhalDirectorSell3,016$34.60$104,353.60View SEC Filing  
5/30/2013Timothy F MichnoInsiderSell1,350$34.90$47,115.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Movado Group (NYSE:MOV)
Latest Headlines for Movado Group (NYSE:MOV)
Source:
DateHeadline
seekingalpha.com logoMovado Group's (MOV) CEO Efraim Grinberg on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 26 at 7:29 PM
fool.com logoMovado Group, Inc. Earnings Fall Despite Cost Cuts
www.fool.com - May 26 at 9:02 AM
finance.yahoo.com logoMovado reports 1Q loss
finance.yahoo.com - May 26 at 4:18 AM
finance.yahoo.com logoEdited Transcript of MOV earnings conference call or presentation 25-May-17 1:00pm GMT
finance.yahoo.com - May 26 at 4:18 AM
americanbankingnews.com logoMovado Group, Inc Announces Quarterly Dividend of $0.13 (MOV)
www.americanbankingnews.com - May 25 at 3:18 PM
americanbankingnews.com logoMovado Group, Inc (MOV) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS
www.americanbankingnews.com - May 25 at 8:59 AM
finance.yahoo.com logoMovado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2018 Results
finance.yahoo.com - May 18 at 8:25 AM
finance.yahoo.com logoMovado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : May 11, 2017
finance.yahoo.com - May 11 at 7:06 PM
americanbankingnews.com logoMovado Group (MOV) Earning Very Favorable Media Coverage, Study Shows
www.americanbankingnews.com - May 2 at 4:16 PM
finance.yahoo.com logoMovado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : May 1, 2017
finance.yahoo.com - May 1 at 12:33 PM
americanbankingnews.com logoMovado Group (MOV) Receiving Somewhat Positive Press Coverage, Analysis Finds
www.americanbankingnews.com - April 28 at 11:38 PM
americanbankingnews.com logoMovado Group (MOV) Earns Daily News Impact Score of 0.27
www.americanbankingnews.com - April 24 at 9:13 PM
finance.yahoo.com logoMovado Group, Inc. – Value Analysis (NYSE:MOV) : April 24, 2017
finance.yahoo.com - April 24 at 7:15 PM
finance.yahoo.com logoMovado Group, Inc. breached its 50 day moving average in a Bullish Manner : MOV-US : April 21, 2017
finance.yahoo.com - April 21 at 9:49 AM
americanbankingnews.com logoFavorable News Coverage Likely to Impact Movado Group (MOV) Share Price
www.americanbankingnews.com - April 20 at 9:24 PM
americanbankingnews.com logoMovado Group, Inc (MOV) Sees Significant Increase in Short Interest
www.americanbankingnews.com - April 18 at 7:23 AM
americanbankingnews.com logoMovado Group (MOV) Given Daily Coverage Optimism Rating of 0.56
www.americanbankingnews.com - April 16 at 8:14 AM
americanbankingnews.com logoMovado Group (MOV) Earns Daily News Impact Score of 0.41
www.americanbankingnews.com - April 13 at 3:30 PM
finance.yahoo.com logoMovado Group, Inc. Announces Organizational Change
finance.yahoo.com - April 7 at 11:16 AM
finance.yahoo.com logoWatch maker Movado reaffirms 2018 outlook, says President Ricardo Quintero is leaving
finance.yahoo.com - April 7 at 11:16 AM
finance.yahoo.com logoMOVADO GROUP INC Financials
finance.yahoo.com - March 24 at 6:37 PM
americanbankingnews.com logoFY2018 Earnings Estimate for Movado Group, Inc (MOV) Issued By KeyCorp
www.americanbankingnews.com - March 23 at 12:49 PM
americanbankingnews.com logoQ1 2018 Earnings Forecast for Movado Group, Inc (MOV) Issued By KeyCorp
www.americanbankingnews.com - March 22 at 10:23 AM
us.rd.yahoo.com logoEdited Transcript of MOV earnings conference call or presentation 20-Mar-17 1:00pm GMT
us.rd.yahoo.com - March 21 at 6:33 PM
fool.com logoMovado Group, Inc.'s Earnings Sink as Retailers Struggle
www.fool.com - March 21 at 4:25 PM
nasdaq.com logoMovado Group Announces Cost Savings Initiatives; Introduces FY18 Outlook
www.nasdaq.com - March 21 at 11:43 AM
marketwatch.com logo10-K: MOVADO GROUP INC
www.marketwatch.com - March 21 at 11:43 AM
reuters.com logoBRIEF-Movado Group Q4 EPS $0.22
www.reuters.com - March 21 at 11:43 AM
americanbankingnews.com logoMovado Group, Inc (MOV) Price Target Cut to $25.00 by Analysts at Cowen and Company
www.americanbankingnews.com - March 20 at 6:43 PM
thestreet.com logoDow, Nasdaq Rise as FBI's Comey Confirms Probe of Russia's Election Interference
us.rd.yahoo.com - March 20 at 4:47 PM
finance.yahoo.com logoUS STOCKS-Wall St swings to gains as Apple hits record-high
finance.yahoo.com - March 20 at 4:47 PM
thestreet.com logoStocks Lower as Crude Slump Weighs on Energy Sector
www.thestreet.com - March 20 at 4:47 PM
us.rd.yahoo.com logoMovado Group, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results
us.rd.yahoo.com - March 20 at 10:10 AM
thestreet.com logoMarket Recon: The G20 Meeting Was a Success for the U.S.
us.rd.yahoo.com - March 20 at 10:10 AM
marketwatch.com logoMovado's stock drops after disappointing results and outlook, job cuts
www.marketwatch.com - March 20 at 10:10 AM
biz.yahoo.com logoQ4 2017 Movado Group Inc Earnings Release - Before Market Open
biz.yahoo.com - March 20 at 10:10 AM
thestreet.com logoStock Futures Slip After G20 Meeting Raises Fears of Protectionism
www.thestreet.com - March 20 at 10:10 AM
biz.yahoo.com logoMOVADO GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Costs Associated with Exit or Dis
biz.yahoo.com - March 20 at 10:10 AM
thestreet.com logoS&P 500 Slips After G20 Meeting Raises Fears of Protectionism, Crude Slumps
www.thestreet.com - March 20 at 10:10 AM
americanbankingnews.com logoMovado Group, Inc (MOV) Issues FY18 Earnings Guidance
www.americanbankingnews.com - March 20 at 9:54 AM
americanbankingnews.com logoMovado Group, Inc (MOV) Issues Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - March 20 at 9:54 AM
feeds.benzinga.com logoEarnings Scheduled For March 20, 2017
feeds.benzinga.com - March 20 at 5:18 AM
americanbankingnews.com logoMovado Group, Inc (MOV) Downgraded by TheStreet
www.americanbankingnews.com - March 18 at 10:00 PM
forbes.com logoEarnings Preview: What To Expect From Movado On Monday
www.forbes.com - March 18 at 5:50 PM
thestreet.com logo6 Stocks Trending Up With Huge Volume
www.thestreet.com - March 17 at 8:53 AM
finance.yahoo.com logoMovado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2017 Results
finance.yahoo.com - March 13 at 10:17 AM
finance.yahoo.com logoMovado Partners With Google To Launch A New Smartwatch Collection
finance.yahoo.com - March 8 at 9:57 AM
finance.yahoo.com logo9 Cheap High-Yield Stocks
finance.yahoo.com - February 23 at 6:41 PM
thestreet.com logoBe Frightened by This Luxury Retailer Trading Below a 'Death Cross'
www.thestreet.com - February 1 at 7:42 PM
us.rd.yahoo.com logoMovado Group upgraded by Sidoti
us.rd.yahoo.com - January 31 at 3:19 AM

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Movado Group (MOV) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff