Last $27.94 USD
Change Today +0.36 / 1.31%
Volume 243.3K
MOV On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

movado group inc (MOV) Snapshot

Open
$27.73
Previous Close
$27.58
Day High
$28.09
Day Low
$27.43
52 Week High
03/26/14 - $48.27
52 Week Low
11/20/14 - $25.10
Market Cap
703.5M
Average Volume 10 Days
700.7K
EPS TTM
$2.05
Shares Outstanding
18.5M
EX-Date
12/3/14
P/E TM
13.6x
Dividend
$0.40
Dividend Yield
1.36%
Current Stock Chart for MOVADO GROUP INC (MOV)

movado group inc (MOV) Related Businessweek News

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movado group inc (MOV) Details

Movado Group, Inc. designs, sources, markets, and distributes fine watches. The company operates in two segments, Wholesale and Retail. It offers its watches under the Coach, Concord, Ebel, ESQ, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensed partner retail stores, and a network of independent distributors. The company also provides after-sales and shipping service. In addition, it operates retail outlet stores. As of January 31, 2014, the company operated approximately 35 retail outlet stores. It operates in the United States, Europe, the Americas, Asia, and the Middle East. 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.

1,100 Employees
Last Reported Date: 03/28/14
Founded in 1961

movado group inc (MOV) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $486.2K
Vice Chairman and Chief Operating Officer
Total Annual Compensation: $717.3K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $475.8K
General Counsel and Secretary
Total Annual Compensation: $371.0K
Compensation as of Fiscal Year 2014.

movado group inc (MOV) Key Developments

Movado Group, Inc. Provides Earnings Guidance for 2015

Movado Group, Inc. provided earnings guidance for 2015. For 2015, the company anticipates sales will increase 1% to 2% to a range of $585 million to $590 million. Gross margin rate is expected to be approximately 53%, primarily due to the mix of business. Operating income is projected to be in the range of $68 million to $70 million. Estimated effective tax rate is expected to be 31% as a result of the mix of global pretax results. Net income is planned to be in the range of $46.2 million to $47.5 million. The company expects diluted earnings per share will be in the range of $1.80 to $1.85. The company now projects capital expenditures of approximately $12 million, which includes projects in the ordinary course of business, such as facilities improvements, shop-in-shops, computer hardware and software.

Movado Group, Inc. Approves Quarterly Cash Dividend, Payable on December 19, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2014

The Board of Directors of Movado Group, Inc. approved a regular quarterly cash dividend of $0.10 for each share of the company's outstanding common stock and class A common stock. This dividend will be paid on December 19, 2014 to all shareholders of record as of the close of business on December 5, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2014. For the quarter, the company reported net sales of $188.557 million against $189.685 million a year ago. Operating income was $33.333 million against $34.084 million a year ago. Income before income taxes was $33.306 million against $33.984 million a year ago. Net income attributed to the company was $22.209 million or $0.87 per share against $23.019 million or $0.89 per share a year ago. Net sales decreased 0.6% in the third quarter of fiscal 2014 driven by a decline in the luxury brand category and certain licensed brands. For the nine months, the company reported net sales of $453.069 million against $437.996 million a year ago. Operating income was $61.422 million against $61.129 million a year ago. Income before income taxes was $61.247 million against $62.414 million a year ago. Net income attributed to the company was $41.725 million or $1.63 per share against $43.684 million or $1.69 per share a year ago. Net cash provided by operating activities was $1.349 million against $16.616 million a year ago. Capital expenditures were $7.485 million against $11.895 million a year ago. Net sales increased 3.4% in the same period of fiscal 2014 led by growth in licensed brand and retail categories. Adjusted net income for the first nine months of fiscal 2014 was $41.6 million, or $1.61 per diluted share, excluding the $1.0 million tax benefit, or $0.04 per diluted share, taken in the second quarter of fiscal 2014 and the $1.5 million pre-tax gain, or $0.04 per diluted share, related to the sale of a building in Switzerland in the first quarter of fiscal 2014.

Movado Group, Inc., Q3 2015 Earnings Call, Nov 25, 2014

Movado Group, Inc., Q3 2015 Earnings Call, Nov 25, 2014

 

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Industry Analysis

MOV

Industry Average

Valuation MOV Industry Range
Price/Earnings 14.3x
Price/Sales 1.2x
Price/Book 1.5x
Price/Cash Flow 14.0x
TEV/Sales 0.9x
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