NYSE:MOV - Movado Group Stock Price, News, & Analysis

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$34.18 +0.56 (+1.67 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$34.18
Today's Range$33.75 - $34.45
52-Week Range$28.76 - $53.72
Volume99,450 shs
Average Volume146,391 shs
Market Capitalization$789.22 million
P/E Ratio17.09
Dividend Yield2.38%
Beta0.13
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.

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Industry, Sector and Symbol

Industry Watches, clocks, watchcases, & parts
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
CUSIP62458010
Phone201-267-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$567.95 million
Cash Flow$2.6558 per share
Book Value$20.50 per share

Profitability

Net Income$-15,220,000.00

Miscellaneous

Employees1,000
Market Cap$789.22 million
Next Earnings Date4/4/2019 (Estimated)
OptionableOptionable

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, December 4th. Investors of record on Friday, December 14th will be given a dividend of $0.20 per share on Friday, December 28th. This represents a $0.80 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 13th. View Movado Group's Dividend History.

How will Movado Group's stock buyback program work?

Movado Group announced that its board has initiated a stock repurchase program on Wednesday, August 30th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

How were Movado Group's earnings last quarter?

Movado Group, Inc (NYSE:MOV) announced its quarterly earnings data on Tuesday, December, 4th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.06. The company earned $208.90 million during the quarter, compared to analyst estimates of $205.40 million. Movado Group had a net margin of 1.63% and a return on equity of 12.64%. The business's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. View Movado Group's Earnings History.

When is Movado Group's next earnings date?

Movado Group is scheduled to release their next quarterly earnings announcement on Thursday, April 4th 2019. View Earnings Estimates for Movado Group.

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

Movado Group updated its FY19 earnings guidance on Tuesday, December, 4th. The company provided earnings per share (EPS) guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. The company issued revenue guidance of $660-675 million, compared to the consensus revenue estimate of $666.10 million.Movado Group also updated its FY 2019 guidance to $2.45-2.55 EPS.

What price target have analysts set for MOV?

2 brokers have issued 12 month price objectives for Movado Group's shares. Their forecasts range from $42.00 to $42.00. On average, they anticipate Movado Group's share price to reach $42.00 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price. View Analyst Price Targets for Movado Group.

What is the consensus analysts' recommendation for Movado Group?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Movado Group.

Has Movado Group been receiving favorable news coverage?

Media coverage about MOV stock has been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Movado Group earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.

Who are some of Movado Group's key competitors?

What other stocks do shareholders of Movado Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Movado Group investors own include Fossil Group (FOSL), NVIDIA (NVDA), Alibaba Group (BABA), TJX Companies (TJX), Canopy Growth (CGC), Skechers USA (SKX), Michael Kors (KORS), Advanced Micro Devices (AMD), General Electric (GE) and Home Depot (HD).

Who are Movado Group's key executives?

Movado Group's management team includes the folowing people:
  • Mr. Efraim Grinberg, Chairman & CEO (Age 61)
  • Ms. Sallie A. DeMarsilis, CFO & Principal Accounting Officer (Age 54)
  • Mr. Francis Anthony Morelli, Sr. VP of Global Information Technology & Operations (Age 68)
  • Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel & Sec. (Age 54)
  • Vivian D'Elia, Sr. VP of HR (Age 67)

Who are Movado Group's major shareholders?

Movado Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.55%), Dimensional Fund Advisors LP (6.02%), Acadian Asset Management LLC (2.10%), Northern Trust Corp (1.97%), Geode Capital Management LLC (1.33%) and Bank of New York Mellon Corp (1.26%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Hamed Shahbazi, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman, Sallie A Demarsilis and Stephen I Sadove. View Institutional Ownership Trends for Movado Group.

Which institutional investors are selling Movado Group stock?

MOV stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Oberweis Asset Management Inc., AlphaOne Investment Services LLC, Public Employees Retirement System of Ohio, KBC Group NV, Geode Capital Management LLC, Dalton Greiner Hartman Maher & Co. and D. E. Shaw & Co. Inc.. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Richard Cote and Richard D Isserman. View Insider Buying and Selling for Movado Group.

Which institutional investors are buying Movado Group stock?

MOV stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, WINTON GROUP Ltd, Fort Washington Investment Advisors Inc. OH, Prudential Financial Inc., Martingale Asset Management L P, Two Sigma Investments LP, SG Americas Securities LLC and Dimensional Fund Advisors LP. Company insiders that have bought Movado Group stock in the last two years include Hamed Shahbazi and Stephen I Sadove. View Insider Buying and Selling for Movado Group.

How do I buy shares of Movado Group?

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 Group's stock price today?

One share of MOV stock can currently be purchased for approximately $34.18.

How big of a company is Movado Group?

Movado Group has a market capitalization of $789.22 million 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 Group employs 1,000 workers across the globe.

What is Movado Group's official website?

The official website for Movado Group is http://www.movadogroup.com.

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 (NYSE MOV)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  140 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  368
MarketBeat's community ratings are surveys of what our community members think about Movado Group 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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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