NYSE:MOV - Movado Stock Price, Price Target & More

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$49.25 -0.05 (-0.10 %)
(As of 06/19/2018 04:43 AM ET)
Previous Close$49.25
Today's Range$48.50 - $49.60
52-Week Range$21.50 - $53.72
Volume150,305 shs
Average Volume161,134 shs
Market Capitalization$1.14 billion
P/E Ratio24.63
Dividend Yield1.64%
Beta-0.13
Movado logoMovado 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
SymbolNYSE:MOV
CUSIP62458010
Phone201-267-8000

Debt

Debt-to-Equity RatioN/A
Current Ratio5.80
Quick Ratio3.76

Price-To-Earnings

Trailing P/E Ratio24.63
Forward P/E Ratio20.44
P/E GrowthN/A

Sales & Book Value

Annual Sales$567.95 million
Price / Sales2.00
Cash Flow$2.61 per share
Price / Cash18.87
Book Value$20.50 per share
Price / Book2.40

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$-15,220,000.00
Net Margins-0.50%
Return on Equity11.59%
Return on Assets8.62%

Miscellaneous

Employees1,000
Outstanding Shares23,100,000

Movado (NYSE:MOV) Frequently Asked Questions

What is Movado's stock symbol?

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

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

Movado declared a quarterly dividend on Wednesday, May 30th. Shareholders of record on Monday, June 11th will be given a dividend of $0.20 per share on Monday, June 25th. This represents a $0.80 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, June 8th. View Movado's Dividend History.

How will Movado's stock buyback program work?

Movado announced that its Board of Directors has approved a share buyback program on Wednesday, August 30th 2017, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were Movado's earnings last quarter?

Movado (NYSE:MOV) issued its quarterly earnings data on Wednesday, May, 30th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.26. The business had revenue of $127.10 million for the quarter, compared to analyst estimates of $109.47 million. Movado had a negative net margin of 0.50% and a positive return on equity of 11.59%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. View Movado's Earnings History.

When is Movado's next earnings date?

Movado is scheduled to release their next quarterly earnings announcement on Tuesday, September, 4th 2018. View Earnings Estimates for Movado.

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

Movado issued an update on its FY19 earnings guidance on Wednesday, May, 30th. The company provided earnings per share (EPS) guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.23. The company issued revenue guidance of $615-625.0 million, compared to the consensus revenue estimate of $608.87 million.

What price target have analysts set for MOV?

3 brokerages have issued 12 month target prices for Movado's stock. Their forecasts range from $42.00 to $42.00. On average, they expect Movado's stock price to reach $42.00 in the next twelve months. View Analyst Ratings for Movado.

Who are some of Movado's key competitors?

Who are Movado's key executives?

Movado's management team includes the folowing people:
  • Mr. Efraim Grinberg, Chairman & CEO (Age 60)
  • Ms. Sallie A. DeMarsilis, Sr. VP, CFO & Principal Accounting Officer (Age 53)
  • Mr. Francis Anthony Morelli, Chief Information Officer and Sr. VP of Global Bus. Processes (Age 67)
  • Mr. Mitchell C. Sussis, Sr. VP, Gen. Counsel and Sec. (Age 53)
  • Mary Leach, Chief Marketing Officer

Has Movado been receiving favorable news coverage?

Media headlines about MOV stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Movado earned a daily sentiment score of 0.18 on Accern's scale. They also assigned headlines about the company an impact score of 45.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Movado's major shareholders?

Movado's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.93%), Dimensional Fund Advisors LP (6.01%), JPMorgan Chase & Co. (3.88%), Northern Trust Corp (2.01%), LSV Asset Management (1.29%) and Prudential Financial Inc. (0.92%). Company insiders that own Movado stock include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Hamed Shahbazi, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman and Sallie A Demarsilis. View Institutional Ownership Trends for Movado.

Which major investors are selling Movado stock?

MOV stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., California Public Employees Retirement System, Prudential Financial Inc., Landscape Capital Management L.L.C., Russell Investments Group Ltd., Systematic Financial Management LP and Dimensional Fund Advisors LP. Company insiders that have sold Movado company stock in the last year include Alan H Howard, Alexander Grinberg, Francis Anthony Morelli, Miriam Grinberg Phalen, Nathan Leventhal, Richard Cote, Richard D Isserman and Sallie A Demarsilis. View Insider Buying and Selling for Movado.

Which major investors are buying Movado stock?

MOV stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, LSV Asset Management, Hancock Holding Co., Schwab Charles Investment Management Inc., WBI Investments Inc., GSA Capital Partners LLP, Susquehanna Fundamental Investments LLC and Cambria Investment Management L.P.. View Insider Buying and Selling for Movado.

How do I buy shares of Movado?

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's stock price today?

One share of MOV stock can currently be purchased for approximately $49.25.

How big of a company is Movado?

Movado has a market capitalization of $1.14 billion 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 employs 1,000 workers across the globe.

How can I contact Movado?

Movado'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 (MOV)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  120 (Vote Outperform)
Underperform Votes:  187 (Vote Underperform)
Total Votes:  307
MarketBeat's community ratings are surveys of what our community members think about Movado 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 6/19/2018 by MarketBeat.com Staff

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