About Movado Group (NYSE:MOV)
Movado 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
Industry NONFOOD RETAIL/WH
Sub-IndustryApparel Accessories & Luxury Goods
Trailing P/E Ratio31.2138952805367
Forward P/E Ratio18.48
Sales & Book Value
Annual Sales$552.75 million
Price / Sales1.33
Cash Flow$2.12 per share
Price / Cash15.19
Book Value$20.65 per share
Price / Book1.56
Net Income$35.06 million
Return on Equity8.34%
Return on Assets6.36%
Movado Group (NYSE:MOV) Frequently Asked Questions
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 announced a quarterly dividend on Tuesday, November 21st. Investors of record on Friday, December 1st will be given a dividend of $0.13 per share on Friday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 30th. View Movado Group's Dividend History.
How will Movado Group's stock buyback program work?
Movado Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 30th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) posted its quarterly earnings data on Tuesday, November, 21st. The company reported $1.04 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.18. The firm earned $190.69 million during the quarter, compared to the consensus estimate of $176.33 million. Movado Group had a return on equity of 8.34% and a net margin of 4.35%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. View Movado Group's Earnings History.
Where is Movado Group's stock going? Where will Movado Group's stock price be in 2018?
2 equities research analysts have issued 1-year price targets for Movado Group's shares. Their forecasts range from $25.00 to $25.00. On average, they expect Movado Group's share price to reach $25.00 in the next twelve months. View Analyst Ratings for Movado Group.
What are Wall Street 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 one of the world's premier watchmakers. Movado Group designs, manufactures and distributes watches from ten of the most recognized and respected names in time: Movado, Concord, EBEL and ESQ Movado along with their Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger and Scuderia Ferrari licensed watch brands. From their Swiss luxury timepieces to our accessible fashion watches, each of their brands is recognized for its inherent quality and distinctive image within its price category. Collectively, their timepieces are sold throughout North and South America, Europe, Asia and the Far East. Between their manufacturing facilities in Switzerland, corporate headquarters in Paramus, New Jersey, USA and Bienne, Switzerland and their sales and distribution offices around the world, Movado Group. " (3/14/2018)
- 2. Cowen Inc 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?
Some companies that are related to Movado Group include Asbury Automotive Group (ABG), GMS (GMS), BMC Stock (BMCH), Overstock.com (OSTK), Office Depot (ODP), Insight Enterprises (NSIT), Systemax (SYX), Chico's FAS (CHS), Conn's (CONN), J C Penney (JCP), Buckle (BKE), Petmed Express (PETS), 1-800-Flowers.Com (FLWS), Sonic Automotive (SAH), Genesco (GCO), Regis (RGS), Lumber Liquidators (LL) and PC Connection (CNXN).
Who are Movado Group's key executives?
Movado Group's management team includes the folowing people:
- Efraim Grinberg, Chairman of the Board, Chief Executive Officer (Age 59)
- Sallie A. DeMarsilis, Chief Financial Officer, Principal Accounting Officer (Age 52)
- Frank Anthony Morelli, Senior Vice President - Global Business Processes, Chief Information Officer (Age 66)
- Mitchell Sussis, Senior Vice President, General Counsel, Secretary (Age 52)
- Alan H. Howard, Lead Independent Director (Age 57)
- Richard J. Cote, Director (Age 62)
- Alexander Grinberg, Director (Age 54)
- Margaret Hayes Adame, Independent Director (Age 77)
- Peter A. Bridgman, Independent Director (Age 65)
Who owns Movado Group stock?
Movado Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.95%), Royce & Associates LP (2.23%), Deutsche Bank AG (1.27%), Bank of New York Mellon Corp (1.08%), Geode Capital Management LLC (1.02%) and LSV Asset Management (1.01%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Hamed Shahbazi, Margaret Hayes Adame, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman and Sallie A Demarsilis. 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 Two Sigma Investments LP, Goldman Sachs Group Inc., Ariel Investments LLC, Two Sigma Advisers LP, Renaissance Technologies LLC, Bank of New York Mellon Corp, Geode Capital Management LLC and Deutsche Bank AG. Company insiders that have sold Movado Group company stock in the last year include Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman and Sallie A Demarsilis. View Insider Buying and Selling for Movado Group.
Who bought Movado Group stock? Who is buying Movado Group stock?
Movado Group's stock was bought by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, BlackRock Inc., Bowling Portfolio Management LLC, Royce & Associates LP, Acadian Asset Management LLC, Guggenheim Capital LLC, Millennium Management LLC and Allianz Asset Management GmbH. Company insiders that have bought Movado Group stock in the last two years include Efraim Grinberg and Hamed Shahbazi. 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 with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Movado Group's stock price today?
One share of Movado Group stock can currently be purchased for approximately $32.15.
How big of a company is Movado Group?
Movado Group has a market capitalization of $737.49 million and generates $552.75 million in revenue each year. The company earns $35.06 million in net income (profit) each year or $1.03 on an earnings per share basis. Movado Group employs 1,100 workers across the globe.
How can I contact Movado Group?
Movado Group'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 Group (MOV)MarketBeat's community ratings are surveys of what our community members think about Movado Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Movado Group (NYSE:MOV) Earnings History and Estimates Chart
Movado Group (NYSE MOV) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/21/2017||Q3 2018||$0.86||$1.04||$176.33 million||$190.69 million||View||N/A|
|8/29/2017||Q2 2018||$0.25||$0.43||$122.00 million||$128.80 million||View||N/A|
|5/25/2017||Q1 2018||$0.10||$0.01||$100.23 million||$99.30 million||View||N/A|
|3/20/2017||Q4 2017||$0.23||$0.22||$137.11 million||$130.80 million||View||N/A|
|11/22/2016||Q317||$0.72||$0.91||$174.32 million||$179.80 million||View||Listen|
|8/25/2016||Q217||$0.31||$0.27||$135.92 million||$128.10 million||View||Listen|
|5/26/2016||Q117||$0.16||$0.19||$115.59 million||$114.10 million||View||Listen|
|3/31/2016||Q416||$0.39||$0.40||$137.70 million||$143.26 million||View||Listen|
|11/24/2015||Q316||$0.95||$0.92||$191.64 million||$185.60 million||View||Listen|
|8/27/2015||Q216||$0.42||$0.50||$142.25 million||$145.50 million||View||Listen|
|5/27/2015||Q116||$0.26||$0.25||$119.55 million||$120.50 million||View||Listen|
|3/31/2015||Q415||$0.20||$0.40||$134.31 million||$133.90 million||View||Listen|
|11/25/2014||Q315||$0.87||$0.87||$188.70 million||$188.60 million||View||Listen|
|8/26/2014||Q215||$0.54||$0.47||$152.91 million||$143.60 million||View||Listen|
|5/22/2014||Q115||$0.32||$0.29||$123.07 million||$120.90 million||View||Listen|
|3/26/2014||Q414||$0.30||$0.46||$143.50 million||$140.10 million||View||Listen|
|11/26/2013||Q3||$0.87||$0.89||$184.35 million||$189.70 million||View||Listen|
|8/27/2013||Q2 2014||$0.32||$0.44||$135.91 million||$138.30 million||View||Listen|
|5/29/2013||Q1 2014||$0.22||$0.32||$103.70 million||$110.00 million||View||Listen|
|3/21/2013||Q4 2013||$0.26||$0.41||$128.30 million||$128.50 million||View||Listen|
|8/28/2012||Q213||$0.18||$0.30||$122.00 million||$118.00 million||View||N/A|
Movado Group (NYSE:MOV) Earnings Estimates
2018 EPS Consensus Estimate: $1.56
2019 EPS Consensus Estimate: $1.89
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Movado Group (NYSE:MOV) Dividend Information
|Most Recent Dividend:||12/15/2017|
|Dividend Growth:||9.10% (3 Year Average)|
|Payout Ratio:||50.49% (Trailing 12 Months of Earnings) |
29.89% (Based on This Year's Estimates)
27.08% (Based on Next Year's Estimates)
Movado Group (NYSE:MOV) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Movado Group (NYSE MOV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 32.98%
Institutional Ownership Percentage: 66.06%
Movado Group (NYSE MOV) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/13/2018||Richard Cote||Director||Sell||1,200||$31.98||$38,376.00||389,896|| |
|3/6/2018||Richard Cote||Director||Sell||1,200||$31.27||$37,524.00||390,696|| |
|2/26/2018||Richard Cote||Director||Sell||1,000||$32.00||$32,000.00||392,296|| |
|2/13/2018||Richard Cote||Director||Sell||800||$30.85||$24,680.00||393,296|| |
|2/6/2018||Richard Cote||Director||Sell||500||$29.07||$14,535.00||393,796|| |
|1/30/2018||Richard Cote||Director||Sell||1,600||$32.05||$51,280.00||394,296|| |
|1/23/2018||Richard Cote||Director||Sell||1,600||$33.46||$53,536.00||395,296|| |
|1/16/2018||Richard Cote||Director||Sell||1,600||$32.49||$51,984.00||396,296|| |
|1/9/2018||Richard Cote||Director||Sell||1,600||$32.02||$51,232.00||397,296|| |
|12/22/2017||Richard D Isserman||Director||Sell||2,650||$32.07||$84,985.50||11,184|| |
|11/27/2017||Sallie A Demarsilis||CFO||Sell||5,401||$28.44||$153,604.44||31,978|| |
|9/19/2017||Miriam Grinberg Phalen||Major Shareholder||Sell||2,504||$27.38||$68,559.52||1,376|| |
|9/6/2017||Nathan Leventhal||Director||Sell||3,130||$28.05||$87,796.50||14,565|| |
|9/6/2017||Sallie A Demarsilis||CFO||Sell||8,977||$28.50||$255,844.50||37,379|| |
|6/10/2016||Efraim Grinberg||CEO||Buy||5,000||$19.62||$98,100.00||102,144|| |
|4/15/2016||Alexander Grinberg||Director||Sell||806||$27.81||$22,414.86||7,559|| |
|4/6/2016||Alan H Howard||Director||Sell||1,500||$28.00||$42,000.00||29,856|| |
|4/5/2016||Margaret Hayes Adame||Director||Sell||1,500||$27.29||$40,935.00||30,044|| |
|1/5/2016||Francis Anthony Morelli||VP||Sell||10,000||$24.31||$243,100.00||35,138|| |
|8/31/2015||Timothy F. Michno||insider||Sell||8,400||$28.99||$243,516.00|| |
|6/18/2015||Margaret Hayes Adame||Director||Sell||1,500||$27.78||$41,670.00|| |
|6/4/2015||Richard D Isserman||Director||Sell||1,500||$27.97||$41,955.00|| |
|9/12/2014||Peter A Bridgman||Director||Buy||2,000||$36.16||$72,320.00|| |
|6/6/2014||Maurice S Reznik||Director||Buy||1,200||$40.00||$48,000.00|| |
|4/16/2014||Timothy Michno||Insider||Sell||1,016||$42.50||$43,180.00||6,954|| |
|4/15/2014||Alexander Grinberg||Director||Sell||8,799||$42.00||$369,558.00||6,251|| |
|4/14/2014||Efraim Grinberg||CEO||Sell||50,000||$42.09||$2,104,500.00||81,834|| |
|4/7/2014||Efraim Grinberg||CEO||Sell||75,000||$41.84||$3,138,000.00||134,493|| |
|6/11/2013||Nathan Leventhal||Director||Sell||3,016||$34.60||$104,353.60|| |
|5/30/2013||Timothy F Michno||Insider||Sell||1,350||$34.90||$47,115.00|| |
Movado Group (NYSE MOV) News Headlines
|A Look At The Intrinsic Value Of Movado Group Inc (NYSE:MOV)|
finance.yahoo.com - March 16 at 10:16 AM
|Richard Cote Sells 1,200 Shares of Movado Group, Inc (MOV) Stock|
www.americanbankingnews.com - March 14 at 8:30 PM
|Movado Group (MOV) Scheduled to Post Quarterly Earnings on Friday|
www.americanbankingnews.com - March 13 at 8:14 PM
|Broadcom (AVGO) to Report Q1 Earnings: Is a Beat in Store?|
finance.yahoo.com - March 13 at 10:20 AM
|Movado Group (MOV) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - March 11 at 1:17 PM
|Movado Group (MOV) Downgraded by Zacks Investment Research to Hold|
www.americanbankingnews.com - March 10 at 3:25 PM
|What You Must Know About Movado Group Inc’s (NYSE:MOV) 4.91% ROE|
finance.yahoo.com - March 9 at 10:52 AM
|Does Movado Group Inc’s (NYSE:MOV) PE Ratio Signal A Selling Opportunity?|
finance.yahoo.com - March 8 at 10:18 AM
|Movado Group (MOV) Set to Announce Earnings on Thursday|
www.americanbankingnews.com - March 7 at 8:20 PM
|Movado Group, Inc (MOV) Director Sells $37,524.00 in Stock|
www.americanbankingnews.com - March 7 at 7:30 PM
|Movado Group, Inc. Establishes Digital Center of Excellence|
finance.yahoo.com - March 7 at 10:02 AM
|How Financially Strong Is Movado Group Inc (NYSE:MOV)?|
finance.yahoo.com - March 6 at 4:31 PM
|Movado Group, Inc (MOV) Director Sells $32,000.00 in Stock|
www.americanbankingnews.com - February 28 at 7:12 PM
|Movado Group, Inc (MOV) Shares Sold by Systematic Financial Management LP|
www.americanbankingnews.com - February 28 at 5:40 PM
|Movado Group Inc (NYSE:MOV): Does -36.59% Earnings Drop In A Year Reflect The Long-Term Trend?|
finance.yahoo.com - February 28 at 9:48 AM
|Brandes Investment Partners LP Reduces Position in Movado Group, Inc (MOV)|
www.americanbankingnews.com - February 28 at 5:18 AM
|Zacks Investment Research Upgrades Movado Group (MOV) to Buy|
www.americanbankingnews.com - February 25 at 10:18 AM
|Citadel Advisors LLC Raises Position in Movado Group, Inc (MOV)|
www.americanbankingnews.com - February 24 at 2:21 PM
|Zacks Investment Research Lowers Movado Group (MOV) to Hold|
www.americanbankingnews.com - February 23 at 10:06 AM
|Movado Group (MOV) to Release Earnings on Wednesday|
www.americanbankingnews.com - February 21 at 2:40 AM
|Movado Group, Inc Expected to Post Q4 2019 Earnings of $0.31 Per Share (MOV)|
www.americanbankingnews.com - February 19 at 8:36 AM
|Q3 2019 EPS Estimates for Movado Group, Inc (MOV) Boosted by Analyst|
www.americanbankingnews.com - February 16 at 3:12 PM
|Movado Group, Inc (MOV) Director Sells $24,680.00 in Stock|
www.americanbankingnews.com - February 15 at 10:20 PM
|Fossil shares skyrocket, is short covering to blame?|
www.marketwatch.com - February 14 at 4:32 PM
|Movado Group, Inc (MOV) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - February 14 at 12:08 PM
|Tiffany, 3 Other Luxury Retailers No Bargains|
finance.yahoo.com - February 9 at 8:56 AM
|Movado Group, Inc (MOV) Director Richard Cote Sells 500 Shares|
www.americanbankingnews.com - February 7 at 9:20 AM
|Movado Group (MOV) Rating Increased to Buy at ValuEngine|
www.americanbankingnews.com - February 4 at 9:46 PM
|Insider Selling: Movado Group, Inc (MOV) Director Sells 1,600 Shares of Stock|
www.americanbankingnews.com - January 31 at 6:56 PM
|Jewelers of America Announces 2018 GEM Awards Winners|
www.bizjournals.com - January 25 at 8:50 AM
|Movado Group (MOV) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - January 25 at 6:50 AM
|Movado Group, Inc (MOV) Director Sells $53,536.00 in Stock|
www.americanbankingnews.com - January 24 at 7:04 PM
|Movado Group, Inc (MOV) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - January 20 at 7:34 AM
|Richard Cote Sells 1,600 Shares of Movado Group, Inc (MOV) Stock|
www.americanbankingnews.com - January 18 at 9:32 AM
|Movado Group, Inc (MOV) Director Richard Cote Sells 1,600 Shares|
www.americanbankingnews.com - January 10 at 10:00 PM
|Don't Worry About Market Volatility: Buy 5 Low-Beta Stocks|
finance.yahoo.com - January 8 at 10:16 AM
|Movado Group (MOV) Upgraded to "Buy" by ValuEngine|
www.americanbankingnews.com - January 1 at 4:34 PM
|ETFs with exposure to Movado Group, Inc. : December 27, 2017|
finance.yahoo.com - December 27 at 2:53 PM
|Richard D. Isserman Sells 2,650 Shares of Movado Group, Inc (MOV) Stock|
www.americanbankingnews.com - December 26 at 5:45 PM
|Movado Group, Inc (MOV) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - December 26 at 7:54 AM
|Zacks.com featured highlights: Skechers U.S.A., Boston Beer Company, Pilgrim's Pride, Movado and Triple-S Management|
finance.yahoo.com - December 6 at 10:24 AM
|Movado Group (MOV) Lifted to Buy at ValuEngine|
www.americanbankingnews.com - December 5 at 10:10 PM
|Movado Group, Inc. : MOV-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 4, 2017|
finance.yahoo.com - December 4 at 4:46 PM
|Movado Group, Inc (MOV) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - December 1 at 11:34 AM
|Insider Selling: Movado Group, Inc (MOV) CFO Sells 5,401 Shares of Stock|
www.americanbankingnews.com - November 29 at 8:24 PM
|BRIEF-Movado Group Says Entered Into An Amended And Restated License Agreement With Ferrari S.P.A.|
www.reuters.com - November 29 at 6:06 PM
|Edited Transcript of MOV earnings conference call or presentation 21-Nov-17 2:00pm GMT|
finance.yahoo.com - November 28 at 10:12 AM
|ETFs with exposure to Movado Group, Inc. : November 27, 2017|
finance.yahoo.com - November 27 at 4:55 PM
|Movado Group, Inc. :MOV-US: Earnings Analysis: Q3, 2018 By the Numbers : November 23, 2017|
finance.yahoo.com - November 23 at 5:19 PM
|FY2018 Earnings Estimate for Movado Group Inc. (MOV) Issued By KeyCorp|
www.americanbankingnews.com - November 23 at 3:38 PM
Movado Group (NYSE:MOV) SEC Filings
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Movado Group (NYSE:MOV) Income Statement, Balance Sheet and Cash Flow Statement
Movado Group (NYSE MOV) Stock Chart for Sunday, March, 18, 2018