Movado Group Inc. (MOV:NYSE)
Snapshot of Movado Group Inc. (MOV)
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OPEN
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PREVIOUS CLOSE
$10.49
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
07/30/09 - $15.56
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52 WEEK LOW
03/9/09 - $4.65
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MARKET CAP
256.6M
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AVERAGE VOLUME 3 mo
92.1K
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DILUTED EPS TTM
$-0.64
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SHARES OUTSTANDING
24.5M
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EX-DATE
04/9/09
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P/E TTM
NM
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DIVIDEND
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
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MOV Details
Movado Group, Inc. designs, sources, markets, and distributes fine watches. The company offers its watches under the Movado, Ebel, Concord, ESQ, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, and Lacoste brand names. The company also designs, develops, markets, and retails Movado-branded jewelry through its luxury Movado Boutiques. In addition, it engages in the after-sales service activities and shipping, as well as operates retail stores. Movado Group sells its products through jewelry store chains, department stores, and independent jewelers. As of January 31, 2009, the company operated 29 Movado Boutiques and 32 outlet stores in the United States. It has operations in the United States, Europe, Asia, Canada, the Middle East, South America, and the Caribbean. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group was founded in 1961 and is based in Paramus, New Jersey.
MOV Top Compensated Officers
Key developments for Movado Group Inc. (MOV)
Movado Group Inc. reported consolidated unaudited earnings results for second quarter and six months ended July 31, 2009. For the quarter, the company reported net income of $528,000 or $0.02 loss per diluted share on net sales of $89,701,000 compared to net income of $8,136,000 or $0.32 per diluted share on net sales of $129,689,000 for the same period a year ago. Income before income taxes and non controlling interests was $965,000 compared to income before income taxes and non controlling interests of $10,869,000 for the same period a year ago. Adjusted net income was $1,367,000 compared to adjusted net income of $9,780,000 for the same period a year ago. For six months period, the company reported net loss of $8,432,000 or $0.34 loss per diluted share on net sales of $157,276,000 compared to net income of $9,385,000 or $0.36 per diluted share on net sales of $231,042,000 for the same period a year ago. Loss before income taxes and non controlling interests was $10,648,000 compared to income before income taxes and non controlling interests of $12,733,000 for the same period a year ago. Adjusted net loss was $7,593,000 compared to adjusted net income of $11,029,000 for the same period a year ago. The company reiterated that it estimates fiscal 2010 fully diluted earnings per share to be approximately $0.50, including the one-time charge recorded in the second quarter, compared to fully diluted earnings per share of $0.09 recorded in fiscal 2009. This guidance continues to be predicated on an improvement in sales trends during the second half of fiscal 2010, as retailers purchase inventory in preparation for the holiday season, resulting in an expected high single-digit sales decline for the full year.
Movado Group Inc. expected to Report Q3 2010 Results on November 30, 2009. This event was calculated by Capital IQ (Created on September 3, 2009).
Movado Group Inc. reaffirms CapEx guidance for fiscal 2010. The company continue to expect CapEx in fiscal 2010 to be no more than $10 million against $23 million last year.
Stock Quotes
| Recently Viewed | |||
| MOV | $10.49 USD | 0.00 |  |
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| TUP | $46.49 USD | 0.00 |  |
Market data is delayed at least 20 minutes.
MOV Competitors
| Company | Last | Change |
| Citizen Holdings Co Ltd | ¥491.00 JPY | 0.00 |
| Fossil Inc | $31.88 USD | -0.07 |
| Guess Inc | $36.50 USD | -0.41 |
| Kenneth Cole Productions Inc | $9.44 USD | +0.22 |
| Tiffany & Co | $41.30 USD | +0.13 |
| View Industry Companies | ||
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MOV | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
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MOV |
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MOV transactions
| Type Date |
Target |
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Bankruptcy
September 27, 2009 |
Chain Reaction Inc. |
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