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
SectorRetail/Wholesale
Phone201-267-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$679.57 million
Profitability
Miscellaneous
Employees1,140
Next Earnings Date5/30/2019 (Confirmed)
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 declared a quarterly dividend on Thursday, March 28th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.20 per share on Wednesday, April 24th. This represents a $0.80 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, April 9th. View Movado Group's Dividend History.
How will Movado Group's stock buyback program work?
Movado Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 30th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) issued its quarterly earnings data on Thursday, March, 28th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.12. The company earned $199.40 million during the quarter, compared to the consensus estimate of $194 million. Movado Group had a return on equity of 13.27% and a net margin of 9.07%. Movado Group's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. View Movado Group's Earnings History.
When is Movado Group's next earnings date?
How can I listen to Movado Group's earnings call?
Movado Group will be holding an earnings conference call on Thursday, May 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002399838.
What guidance has Movado Group issued on next quarter's earnings?
Movado Group issued an update on its FY20 earnings guidance on Thursday, March, 28th. The company provided earnings per share (EPS) guidance of $2.70-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90. The company issued revenue guidance of $750.0-765.0 million, compared to the consensus revenue estimate of $737.95 million.Movado Group also updated its FY 2020 guidance to $2.70-2.80 EPS.
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?
News stories about MOV stock have trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Movado Group earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Movado Group's key competitors?
Some companies that are related to Movado Group include Lithia Motors (LAD), JUST EAT PLC/ADR (JSTTY), WOOLWORTHS HOLD/GDR (WLWHY), GREENE KING PLC/S (GKNGY), Urban Outfitters (URBN), LI NING CO LTD/ADR (LNNGY), Beacon Roofing Supply (BECN), Sprouts Farmers Market (SFM), Stitch Fix (SFIX), Wingstop (WING), GOME ELECTRICAL/ADR (GMELY), Shake Shack (SHAK), Jack in the Box (JACK), Cheesecake Factory (CAKE) and Groupon (GRPN).
What other stocks do shareholders of Movado Group own?
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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.64%), Dimensional Fund Advisors LP (6.02%), Janus Henderson Group PLC (2.95%), Northern Trust Corp (1.98%), Renaissance Technologies LLC (1.82%) and Acadian Asset Management LLC (1.43%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Francis Anthony Morelli, 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 major 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, Goldman Sachs Group Inc., Morgan Stanley, AlphaOne Investment Services LLC, Systematic Financial Management LP, AQR Capital Management LLC, Pinebridge Investments L.P. and Virginia Retirement Systems ET AL. Company insiders that have sold Movado Group company stock in the last year include Alan H Howard, Efraim Grinberg, Richard Cote and Richard D Isserman. View Insider Buying and Selling for Movado Group.
Which major investors are buying Movado Group stock?
MOV stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Fort Washington Investment Advisors Inc. OH, Janus Henderson Group PLC, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Charles Schwab Investment Management Inc., Wellington Management Group LLP and Foundry Partners LLC. 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 $33.47.
How big of a company is Movado Group?
Movado Group has a market capitalization of $769.14 million and generates $679.57 million in revenue each year. The company earns $61.62 million in net income (profit) each year or $2.67 on an earnings per share basis. Movado Group employs 1,140 workers across the globe.
What is Movado Group's official website?
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)
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.
