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
Sub-IndustryApparel Accessories & Luxury Goods
Trailing P/E Ratio32.5245876173555
Forward P/E Ratio19.25
Sales & Book Value
Annual Sales$552.75 million
Price / Sales1.39
Cash Flow$2.10 per share
Price / Cash15.95
Book Value$20.65 per share
Price / Book1.62
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 declared a quarterly dividend on Tuesday, November 21st. Investors of record on Friday, December 1st will be paid a dividend of $0.13 per share on Friday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.55%. 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 declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 30th 2017, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.
How were Movado Group's earnings last quarter?
Movado Group, Inc (NYSE:MOV) announced its earnings results on Tuesday, November, 21st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. The company earned $190.69 million during the quarter, compared to analyst estimates of $176.33 million. Movado Group had a net margin of 4.35% and a return on equity of 8.34%. Movado Group's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. View Movado Group's Earnings History.
When will Movado Group make its next earnings announcement?
What guidance has Movado Group issued on next quarter's earnings?
Movado Group updated its FY18 earnings guidance on Tuesday, November, 21st. The company provided EPS guidance of $1.70-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.63. The company issued revenue guidance of $550-555 million, compared to the consensus revenue estimate of $539.83 million.
Where is Movado Group's stock going? Where will Movado Group's stock price be in 2018?
3 equities research analysts have issued 12-month price objectives for Movado Group's shares. Their predictions range from $25.00 to $34.00. On average, they expect Movado Group's stock price to reach $29.50 in the next year. 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 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. " (9/2/2017)
- 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 MITCHELLS &BUTLERS (MBPFF), GMS (GMS), Insight Enterprises (NSIT), Wingstop (WING), Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS), Systemax (SYX), Weis Markets (WMK), Sonic (SONC), Buckle (BKE), DineEquity (DIN), Sonic Automotive (SAH), SpartanNash (SPTN), 1-800-Flowers.Com (FLWS), Regis (RGS), Ruth's Hospitality Group (RUTH), Red Robin Gourmet Burgers (RRGB), Zumiez (ZUMZ) and Finish Line (FINL).
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 variety of of institutional and retail investors. Top institutional investors include Acadian Asset Management LLC (0.71%), Schwab Charles Investment Management Inc. (0.55%), Bowling Portfolio Management LLC (0.31%), Cacti Asset Management LLC (0.20%) and Louisiana State Employees Retirement System (0.03%). 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 Cacti Asset Management LLC. 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 Bowling Portfolio Management LLC, Acadian Asset Management LLC, Schwab Charles Investment Management Inc. and Louisiana State Employees Retirement System. 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 $33.50.
How big of a company is Movado Group?
Movado Group has a market capitalization of $774.19 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: $1.87
(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)
27.23% (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: 33.30%
Institutional Ownership Percentage: 63.86%
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|
|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
|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, Inc.: Strong price momentum but will it sustain?|
finance.yahoo.com - November 23 at 6:33 AM
|BRIEF-MOVADO GROUP Q3 ADJ EARNINGS PER SHARE $1.04 EXCLUDING ITEMS|
www.reuters.com - November 22 at 5:25 AM
|Movado Group's (MOV) CEO Efraim Grinberg on Q3 2018 Results - Earnings Call Transcript|
seekingalpha.com - November 22 at 5:25 AM
|Top Ranked Value Stocks to Buy for November 22nd|
www.zacks.com - November 22 at 5:25 AM
|Movado Group, Inc. Boosts Full-Year Outlook|
www.fool.com - November 22 at 12:55 AM
|Movado Group Inc. (MOV) Updates FY18 Earnings Guidance|
www.americanbankingnews.com - November 21 at 9:48 AM
|Movado Group Inc. (MOV) Plans Quarterly Dividend of $0.13|
www.americanbankingnews.com - November 21 at 9:30 AM
|Movado Group Inc. (MOV) Issues Quarterly Earnings Results|
www.americanbankingnews.com - November 21 at 9:20 AM
|Movado Group Raises FY18 Outlook; Declares Dividend - Quick Facts|
www.nasdaq.com - November 21 at 7:27 AM
|What Do Analysts Think About Movado Group Inc’s (MOV) Growth?|
finance.yahoo.com - November 21 at 7:27 AM
|Movado Group, Inc. to Host Earnings Call|
finance.yahoo.com - November 21 at 7:27 AM
|Movado Group, Inc. breached its 50 day moving average in a Bullish Manner : MOV-US : November 15, 2017|
finance.yahoo.com - November 18 at 12:42 AM
|Top Ranked Value Stocks to Buy for November 13th|
finance.yahoo.com - November 14 at 3:03 AM
|Movado Group Inc. (MOV) to Release Quarterly Earnings on Monday|
www.americanbankingnews.com - November 13 at 2:34 AM
|Movado Group Inc. (MOV) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - November 6 at 8:04 AM
|Movado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : November 2, 2017|
finance.yahoo.com - November 4 at 5:39 AM
|Movado Group, Inc. – Value Analysis (NYSE:MOV) : November 3, 2017|
finance.yahoo.com - November 4 at 5:39 AM
|Movado Group's (MOV) "Hold" Rating Reiterated at KeyCorp|
www.americanbankingnews.com - October 12 at 3:16 PM
|Movado Group Inc. (MOV) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - October 12 at 6:58 AM
|Why Movado Group (MOV) Stock Might be a Great Pick|
finance.yahoo.com - October 11 at 12:13 AM
|Movado Group, Inc. : MOV-US: Dividend Analysis : September 11th, 2017 (record date) : By the numbers : September 29, 2017|
finance.yahoo.com - October 2 at 11:38 AM
|Movado Group Inc. (MOV) Major Shareholder Miriam Grinberg Phalen Sells 2,504 Shares|
www.americanbankingnews.com - September 22 at 1:14 PM
|How To YieldBoost MOV To 12.7% Using Options|
www.nasdaq.com - September 18 at 11:21 PM
|Movado Group Inc. (MOV) Receives Average Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - September 17 at 9:02 AM
|Movado: Growth On Sight|
seekingalpha.com - September 14 at 4:11 PM
|Could Movado Group Inc. (MOV) Stock Impress the Value Investors?|
finance.yahoo.com - September 14 at 4:11 PM
|Swatch Shares Bruised by New Apple Watch|
www.bloomberg.com - September 14 at 7:53 AM
|Why Movado Group, Inc. Stock Rose 12.8% in August|
www.fool.com - September 12 at 10:55 AM
|Movado Group Inc. (MOV) Director Nathan Leventhal Sells 3,130 Shares|
www.americanbankingnews.com - September 7 at 8:08 PM
|Movado Group Inc. (MOV) CFO Sells $255,844.50 in Stock|
www.americanbankingnews.com - September 7 at 7:44 PM
|Signet Jewelers Up 24% Since Earnings: Will it Gain Further?|
finance.yahoo.com - September 5 at 4:40 PM
|Movado Group Inc. (MOV) to Post Q3 2018 Earnings of $0.86 Per Share, KeyCorp Forecasts|
www.americanbankingnews.com - September 1 at 10:50 AM
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 Tuesday, January, 23, 2018