NYSE:MOVMovado Group Stock Price, Forecast & News

$10.70

+0.13 (+1.23 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$10.42

Now: $10.70▼

$10.82

50-Day Range

$8.79

MA: $10.20▼

$13.20

52-Week Range

$8.12

Now: $10.70▼

$33.69

Volume193,100 shs

Average Volume269,929 shs

Market Capitalization$246.44 million

P/E Ratio5.85

Dividend YieldN/A

Beta0.52

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Movado Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Movado Group has a potential upside of 105.6% from its current price of $10.70.
Amount of Analyst Coverage
Movado Group has received no research coverage in the past 90 days.

1.9 Community Rank

Outperform Votes
Movado Group has received 181 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Movado Group has received 306 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Movado Group has received 62.83% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Movado Group does not currently pay a dividend.
Dividend Growth
Movado Group has only been increasing its dividend for 1 years.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Movado Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 30.46% of the stock of Movado Group is held by insiders.
Percentage Held by Institutions
71.80% of the stock of Movado Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Movado Group are expected to decrease by -100.00% in the coming year, from $0.71 to $0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Movado Group is 5.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Movado Group is 5.85, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 39.64.
Price to Book Value per Share Ratio
Movado Group has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.56 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Watches, clocks, watchcases, & parts

Sub-IndustryApparel Accessories & Luxury Goods

SectorRetail/Wholesale

Current SymbolNYSE:MOV

Previous Symbol

CUSIP62458010

CIK72573

Webwww.movadogroup.com

Phone201-267-8000

Debt

Debt-to-Equity Ratio0.25

Current Ratio4.25

Quick Ratio2.68

Price-To-Earnings

Trailing P/E Ratio5.85

Forward P/E Ratio15.07

P/E GrowthN/A

Sales & Book Value

Annual Sales$700.97 million

Price / Sales0.35

Cash Flow$1.54 per share

Price / Cash Flow6.97

Book Value$15.30 per share

Price / Book0.70

Profitability

EPS (Most Recent Fiscal Year)$1.57

Net Income$42.70 million

Net Margins6.09%

Return on Equity7.17%

Return on Assets4.32%

Miscellaneous

Employees1,145

Outstanding Shares23,032,000

Market Cap$246.44 million

Next Earnings Date6/4/2020 (Estimated)

OptionableOptionable

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Movado Group (NYSE:MOV) Frequently Asked Questions

How has Movado Group's stock been impacted by COVID-19 (Coronavirus)?

Movado Group's stock was trading at $12.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MOV shares have decreased by 14.4% and is now trading at $10.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Movado Group?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Movado Group.

When is Movado Group's next earnings date?

Movado Group is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Movado Group.

How were Movado Group's earnings last quarter?

Movado Group, Inc (NYSE:MOV) issued its quarterly earnings data on Thursday, March, 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.06. The firm had revenue of $191 million for the quarter, compared to analysts' expectations of $185 million. Movado Group had a return on equity of 7.17% and a net margin of 6.09%. Movado Group's revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $0.67 earnings per share. View Movado Group's earnings history.

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

Movado Group announced a quarterly dividend on Tuesday, November 26th. Investors of record on Friday, December 6th will be given a dividend of $0.20 per share on Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, December 5th. View Movado Group's dividend history.

What price target have analysts set for MOV?

1 brokers have issued 12 month target prices for Movado Group's stock. Their forecasts range from $22.00 to $22.00. On average, they expect Movado Group's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 105.6% from the stock's current price. View analysts' price targets for Movado Group.

Has Movado Group been receiving favorable news coverage?

News stories about MOV stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Movado Group earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMovado Group.

Who are some of Movado Group's key competitors?

Some companies that are related to Movado Group include VF (VFC), Ralph Lauren (RL), Columbia Sportswear (COLM), Tapestry (TPR), Hanesbrands (HBI), Carter's (CRI), PVH (PVH), Michael Kors (KORS), Oxford Industries (OXM), G-III Apparel Group (GIII), Fossil Group (FOSL), Vera Bradley (VRA), Delta Apparel (DLA), Iconix Brand Group (ICON) and Quiksilver (ZQKSQ). View all 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), Alibaba Group (BABA), NVIDIA (NVDA), TJX Companies (TJX), Advanced Micro Devices (AMD), Best Buy (BBY), Cisco Systems (CSCO), Gilead Sciences (GILD), JD.Com (JD) and Keysight Technologies (KEYS).

Who are Movado Group's key executives?

Movado Group's management team includes the following 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)

What is Movado Group's stock symbol?

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

Who are Movado Group's major shareholders?

Movado Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.21%), Thrivent Financial for Lutherans (4.44%), State Street Corp (2.94%), Janus Henderson Group PLC (2.37%), Tributary Capital Management LLC (2.08%) and Contrarius Investment Management Ltd (1.83%). Company insiders that own Movado Group stock include Alan H Howard, Efraim Grinberg, Maurice S Reznik, Richard Cote, Richard D Isserman 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 Janus Henderson Group PLC, Wellington Management Group LLP, Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Deutsche Bank AG, Bank of New York Mellon Corp, and BlackRock Inc.. View insider buying and selling activity for Movado Group.

Which institutional investors are buying Movado Group stock?

MOV stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Confluence Investment Management LLC, Parametric Portfolio Associates LLC, KBC Group NV, Aigen Investment Management LP, Wells Fargo & Company MN, Foundry Partners LLC, and The Manufacturers Life Insurance Company . Company insiders that have bought Movado Group stock in the last two years include Maurice S Reznik, and Stephen I Sadove. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Movado Group's stock price today?

One share of MOV stock can currently be purchased for approximately $10.70.

How big of a company is Movado Group?

Movado Group has a market capitalization of $246.44 million and generates $700.97 million in revenue each year. The company earns $42.70 million in net income (profit) each year or $1.57 on an earnings per share basis. Movado Group employs 1,145 workers across the globe.

What is Movado Group's official website?

The official website for Movado Group is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff