Movado Group Company Profile (NYSE:MOV)

About Movado Group (NYSE:MOV)

Movado Group logoMovado 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:
  • Sector: Retail/Wholesale
  • Industry: Recreational Goods, Other
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Symbol: NYSE:MOV
  • CUSIP: 62458010
  • Web:
  • Market Cap: $493.81 million
  • Outstanding Shares: 23,075,000
Average Prices:
  • 50 Day Moving Avg: $23.16
  • 200 Day Moving Avg: $25.58
  • 52 Week Range: $19.14 - $31.95
  • Trailing P/E Ratio: 17.89
  • Foreward P/E Ratio: 12.59
  • P/E Growth: 1.05
Sales & Book Value:
  • Annual Revenue: $537.95 million
  • Price / Sales: 0.92
  • Book Value: $20.13 per share
  • Price / Book: 1.06
  • Annual Dividend: $0.52
  • Dividend Yield: 2.4%
  • EBIDTA: $61.08 million
  • Net Margins: 6.67%
  • Return on Equity: 8.97%
  • Return on Assets: 6.84%
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 6.28%
  • Quick Ratio: 4.26%
  • Average Volume: 180,850 shs.
  • Beta: 0.47
  • Short Ratio: 5.08

Frequently Asked Questions for Movado Group (NYSE:MOV)

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, May 25th. Stockholders of record on Tuesday, June 6th will be paid a dividend of $0.13 per share on Tuesday, June 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, June 2nd. View Movado Group's Dividend History.

How were Movado Group's earnings last quarter?

Movado Group, Inc (NYSE:MOV) released its quarterly earnings data on Thursday, May, 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.09. The business earned $99.30 million during the quarter, compared to the consensus estimate of $100.23 million. Movado Group had a return on equity of 8.97% and a net margin of 6.67%. The business's quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. View Movado Group's Earnings History.

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

Movado Group issued an update on its FY18 earnings guidance on Thursday, May, 25th. The company provided earnings per share (EPS) guidance of $1.40-1.55 for the period, compared to the Thomson Reuters consensus estimate of $1.43. The company issued revenue guidance of $515-530 million, compared to the consensus revenue estimate of $520.27 million.

Where is Movado Group's stock going? Where will Movado Group's stock price be in 2017?

2 analysts have issued twelve-month target prices for Movado Group's stock. Their predictions range from $25.00 to $34.00. On average, they anticipate Movado Group's stock price to reach $29.50 in the next year. View Analyst Ratings for Movado Group.

What are 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. " (5/23/2017)
  • 2. Cowen and Company 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?

Who owns Movado Group stock?

Movado Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.79%), Dimensional Fund Advisors LP (6.17%), Royce & Associates LP (4.92%), JPMorgan Chase & Co. (4.78%), FMR LLC (1.58%) and Ameriprise Financial Inc. (1.51%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Efraim Grinberg, Francis Anthony Morelli, Margaret Hayes Adame, Richard D Isserman and Timothy F Michno. 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 Wells Fargo & Company MN, Royce & Associates LP, Russell Investments Group Ltd., Schwab Charles Investment Management Inc., TIAA CREF Investment Management LLC, Credit Suisse AG, Morgan Stanley and Foundry Partners LLC. View Insider Buying and Selling for Movado Group.

Who bought Movado Group stock? Who is buying Movado Group stock?

Movado Group's stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Prudential Financial Inc., Vanguard Group Inc., Renaissance Technologies LLC, TFS Capital LLC, Trexquant Investment LP, North Star Investment Management Corp. and Ariel Investments LLC. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Movado Group stock cost?

One share of Movado Group stock can currently be purchased for approximately $21.40.

Analyst Ratings

Consensus Ratings for Movado Group (NYSE:MOV) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $29.50 (37.85% upside)

Analysts' Ratings History for Movado Group (NYSE:MOV)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/20/2017Cowen and CompanyLower Price TargetMarket Perform$27.00 -> $25.00HighView Rating Details
1/30/2017SidotiUpgradeNeutral -> Buy$34.00N/AView Rating Details
4/19/2016Pacific CrestReiterated RatingEqual WeightN/AView Rating Details
11/26/2015Barrington ResearchReiterated RatingHoldN/AView Rating Details
(Data available from 5/28/2015 forward)


Earnings History for Movado Group (NYSE:MOV)
Earnings by Quarter for Movado Group (NYSE:MOV)
Earnings History by Quarter for Movado Group (NYSE:MOV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/25/2017Q1 2018$0.10$0.01$100.23 million$99.30 millionViewN/AView Earnings Details
3/20/2017Q4 2017$0.23$0.22$137.11 million$130.80 millionViewN/AView Earnings Details
11/22/2016Q317$0.72$0.91$174.32 million$179.80 millionViewListenView Earnings Details
8/25/2016Q217$0.31$0.27$135.92 million$128.10 millionViewListenView Earnings Details
5/26/2016Q117$0.16$0.19$115.59 million$114.10 millionViewListenView Earnings Details
3/31/2016Q416$0.39$0.40$137.70 million$143.26 millionViewListenView Earnings Details
11/24/2015Q316$0.95$0.92$191.64 million$185.60 millionViewListenView Earnings Details
8/27/2015Q216$0.42$0.50$142.25 million$145.50 millionViewListenView Earnings Details
5/27/2015Q116$0.26$0.25$119.55 million$120.50 millionViewListenView Earnings Details
3/31/2015Q415$0.20$0.40$134.31 million$133.90 millionViewListenView Earnings Details
11/25/2014Q315$0.87$0.87$188.70 million$188.60 millionViewListenView Earnings Details
8/26/2014Q215$0.54$0.47$152.91 million$143.60 millionViewListenView Earnings Details
5/22/2014Q115$0.32$0.29$123.07 million$120.90 millionViewListenView Earnings Details
3/26/2014Q414$0.30$0.46$143.50 million$140.10 millionViewListenView Earnings Details
11/26/2013Q3$0.87$0.89$184.35 million$189.70 millionViewListenView Earnings Details
8/27/2013Q2 2014$0.32$0.44$135.91 million$138.30 millionViewListenView Earnings Details
5/29/2013Q1 2014$0.22$0.32$103.70 million$110.00 millionViewListenView Earnings Details
3/21/2013Q4 2013$0.26$0.41$128.30 million$128.50 millionViewListenView Earnings Details
11/28/20120.67$0.67$160.20 millionViewListenView Earnings Details
8/28/2012Q213$0.18$0.30$122.00 million$118.00 millionViewN/AView Earnings Details
5/31/2012$0.24$0.26ViewN/AView Earnings Details
12/1/2011$0.43$0.65ViewN/AView Earnings Details
9/1/2011$0.04$0.16ViewN/AView Earnings Details
6/2/2011($0.03)$0.02ViewN/AView Earnings Details
4/7/2011$0.01$0.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Movado Group (NYSE:MOV)
2017 EPS Consensus Estimate: $1.63
2018 EPS Consensus Estimate: $1.43
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.15$0.43$0.29
Q2 20172$0.36$0.38$0.37
Q3 20172$0.70$0.78$0.74
Q4 20172$0.18$0.28$0.23
Q1 20181$0.13$0.13$0.13
Q2 20181$0.24$0.24$0.24
Q3 20181$0.81$0.81$0.81
Q4 20181$0.25$0.25$0.25
(Data provided by Zacks Investment Research)


Current Dividend Information for Movado Group (NYSE:MOV)
Next Dividend:6/20/2017
Annual Dividend:$0.52
Dividend Yield:2.43%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:32.10% (Trailing 12 Months of Earnings)
36.88% (Based on This Year's Estimates)
30.59% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Movado Group (NYSE:MOV)

Dividend History by Quarter for Movado Group (NYSE:MOV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Movado Group (NYSE:MOV)
Insider Ownership Percentage: 32.98%
Institutional Ownership Percentage: 63.35%
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Institutional Ownership by Quarter for Movado Group (NYSE:MOV)
Insider Trades by Quarter for Movado Group (NYSE:MOV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/10/2016Efraim GrinbergCEOBuy5,000$19.62$98,100.00View SEC Filing  
4/15/2016Alexander GrinbergDirectorSell806$27.81$22,414.86View SEC Filing  
4/6/2016Alan H HowardDirectorSell1,500$28.00$42,000.00View SEC Filing  
4/5/2016Margaret Hayes AdameDirectorSell1,500$27.29$40,935.00View SEC Filing  
1/5/2016Francis Anthony MorelliVPSell10,000$24.31$243,100.00View SEC Filing  
8/31/2015Timothy F. MichnoinsiderSell8,400$28.99$243,516.00View SEC Filing  
6/18/2015Margaret Hayes AdameDirectorSell1,500$27.78$41,670.00View SEC Filing  
6/4/2015Richard D IssermanDirectorSell1,500$27.97$41,955.00View SEC Filing  
9/12/2014Peter A BridgmanDirectorBuy2,000$36.16$72,320.00View SEC Filing  
6/6/2014Maurice S ReznikDirectorBuy1,200$40.00$48,000.00View SEC Filing  
4/16/2014Timothy MichnoInsiderSell1,016$42.50$43,180.00View SEC Filing  
4/15/2014Alexander GrinbergDirectorSell8,799$42.00$369,558.00View SEC Filing  
4/14/2014Efraim GrinbergCEOSell50,000$42.09$2,104,500.00View SEC Filing  
4/7/2014Efraim GrinbergCEOSell75,000$41.84$3,138,000.00View SEC Filing  
6/11/2013Nathan LeventhalDirectorSell3,016$34.60$104,353.60View SEC Filing  
5/30/2013Timothy F MichnoInsiderSell1,350$34.90$47,115.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Movado Group (NYSE:MOV)
Latest Headlines for Movado Group (NYSE:MOV)
DateHeadline logoMovado Group, Inc (MOV) Upgraded to Hold at Zacks Investment Research - May 27 at 10:04 PM logoMovado Group's (MOV) CEO Efraim Grinberg on Q1 2018 Results - Earnings Call Transcript - May 26 at 7:29 PM logoMovado Group, Inc. Earnings Fall Despite Cost Cuts - May 26 at 9:02 AM logoMovado reports 1Q loss - May 26 at 4:18 AM logoEdited Transcript of MOV earnings conference call or presentation 25-May-17 1:00pm GMT - May 26 at 4:18 AM logoMovado Group, Inc Announces Quarterly Dividend of $0.13 (MOV) - May 25 at 3:18 PM logoMovado Group, Inc (MOV) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS - May 25 at 8:59 AM logoMovado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2018 Results - May 18 at 8:25 AM logoMovado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : May 11, 2017 - May 11 at 7:06 PM logoMovado Group (MOV) Earning Very Favorable Media Coverage, Study Shows - May 2 at 4:16 PM logoMovado Group, Inc. breached its 50 day moving average in a Bearish Manner : MOV-US : May 1, 2017 - May 1 at 12:33 PM logoMovado Group (MOV) Receiving Somewhat Positive Press Coverage, Analysis Finds - April 28 at 11:38 PM logoMovado Group (MOV) Earns Daily News Impact Score of 0.27 - April 24 at 9:13 PM logoMovado Group, Inc. – Value Analysis (NYSE:MOV) : April 24, 2017 - April 24 at 7:15 PM logoMovado Group, Inc. breached its 50 day moving average in a Bullish Manner : MOV-US : April 21, 2017 - April 21 at 9:49 AM logoFavorable News Coverage Likely to Impact Movado Group (MOV) Share Price - April 20 at 9:24 PM logoMovado Group, Inc (MOV) Sees Significant Increase in Short Interest - April 18 at 7:23 AM logoMovado Group (MOV) Given Daily Coverage Optimism Rating of 0.56 - April 16 at 8:14 AM logoMovado Group (MOV) Earns Daily News Impact Score of 0.41 - April 13 at 3:30 PM logoMovado Group, Inc. Announces Organizational Change - April 7 at 11:16 AM logoWatch maker Movado reaffirms 2018 outlook, says President Ricardo Quintero is leaving - April 7 at 11:16 AM logoMOVADO GROUP INC Financials - March 24 at 6:37 PM logoFY2018 Earnings Estimate for Movado Group, Inc (MOV) Issued By KeyCorp - March 23 at 12:49 PM logoQ1 2018 Earnings Forecast for Movado Group, Inc (MOV) Issued By KeyCorp - March 22 at 10:23 AM logoEdited Transcript of MOV earnings conference call or presentation 20-Mar-17 1:00pm GMT - March 21 at 6:33 PM logoMovado Group, Inc.'s Earnings Sink as Retailers Struggle - March 21 at 4:25 PM logoMovado Group Announces Cost Savings Initiatives; Introduces FY18 Outlook - March 21 at 11:43 AM logo10-K: MOVADO GROUP INC - March 21 at 11:43 AM logoBRIEF-Movado Group Q4 EPS $0.22 - March 21 at 11:43 AM logoMovado Group, Inc (MOV) Price Target Cut to $25.00 by Analysts at Cowen and Company - March 20 at 6:43 PM logoDow, Nasdaq Rise as FBI's Comey Confirms Probe of Russia's Election Interference - March 20 at 4:47 PM logoUS STOCKS-Wall St swings to gains as Apple hits record-high - March 20 at 4:47 PM logoStocks Lower as Crude Slump Weighs on Energy Sector - March 20 at 4:47 PM logoMovado Group, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results - March 20 at 10:10 AM logoMarket Recon: The G20 Meeting Was a Success for the U.S. - March 20 at 10:10 AM logoMovado's stock drops after disappointing results and outlook, job cuts - March 20 at 10:10 AM logoQ4 2017 Movado Group Inc Earnings Release - Before Market Open - March 20 at 10:10 AM logoStock Futures Slip After G20 Meeting Raises Fears of Protectionism - March 20 at 10:10 AM logoMOVADO GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Costs Associated with Exit or Dis - March 20 at 10:10 AM logoS&P 500 Slips After G20 Meeting Raises Fears of Protectionism, Crude Slumps - March 20 at 10:10 AM logoMovado Group, Inc (MOV) Issues FY18 Earnings Guidance - March 20 at 9:54 AM logoMovado Group, Inc (MOV) Issues Earnings Results, Misses Expectations By $0.01 EPS - March 20 at 9:54 AM logoEarnings Scheduled For March 20, 2017 - March 20 at 5:18 AM logoMovado Group, Inc (MOV) Downgraded by TheStreet - March 18 at 10:00 PM logoEarnings Preview: What To Expect From Movado On Monday - March 18 at 5:50 PM logo6 Stocks Trending Up With Huge Volume - March 17 at 8:53 AM logoMovado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2017 Results - March 13 at 10:17 AM logoMovado Partners With Google To Launch A New Smartwatch Collection - March 8 at 9:57 AM logo9 Cheap High-Yield Stocks - February 23 at 6:41 PM logoBe Frightened by This Luxury Retailer Trading Below a 'Death Cross' - February 1 at 7:42 PM



Movado Group (MOV) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by Staff