Last $40.28 USD
Change Today -0.22 / -0.54%
Volume 129.8K
MOV On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

movado group inc (MOV) Snapshot

Open
$40.54
Previous Close
$40.50
Day High
$40.59
Day Low
$40.15
52 Week High
11/5/13 - $48.50
52 Week Low
02/5/14 - $34.77
Market Cap
1.0B
Average Volume 10 Days
183.5K
EPS TTM
$2.09
Shares Outstanding
18.7M
EX-Date
05/29/14
P/E TM
19.3x
Dividend
$0.40
Dividend Yield
0.89%
Current Stock Chart for MOVADO GROUP INC (MOV)

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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
President, Chief Operating Officer and Direct...
Total Annual Compensation: $717.3K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $486.2K
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. Promotes Julian Addison to President of Movado Group Asia Pacific

Movado Group, Inc. has promoted Julian Addison to president of Movado Group Asia Pacific. Mr. Addison, previously head of global value chain operations, will be co-located in Hong Kong and the US and will report to Rick Cote, President and COO, of Movado Group, Inc. In his new role, Mr. Addison will be responsible for leading the Movado Group Asia Pacific teams, developing corporate strategies for the region and strengthening the regional alignment and coordination of the Company's brands, operations and licensing partnerships. Mr. Addison joined Movado Group in 2004, and has held various leadership roles in finance & strategy, sales & inventory planning and most recently, global value chain operations. Prior to Movado Group, Mr. Addison worked at Rothschild, an independent investment bank headquartered in London.

Movado Group, Inc. Announces Quarterly Dividend, Payable on June 16, 2014

Movado Group, Inc. announced that on May 22, 2014 the Board of Directors approved the quarterly payment on June 16, 2014 of a cash dividend in the amount of $0.10 for each share of the company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 2, 2014.

Movado Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2014; Reiterates Earnings Guidance for the Fiscal Year 2015

Movado Group, Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2014. For the quarter, the company reported net sales increased 9.9% to $120.9 million compared to $110.0 million in the first quarter of fiscal 2014 driven primarily by growth in the licensed brand category. Operating income increased 9.2% to $10.9 million compared to $10.0 million in the same period last year. Income before income taxes was $10.862 million against $11.489 million a year ago. Net income attributed to the company was $7.365 million or $0.29 per share against $8.210 million or $0.32 per share a year ago. Net cash used in operating activities was $12.053 million against $17.780 million a year ago. Capital expenditures were $1.523 million against $6.469 million a year ago. The company is reiterating guidance for the fiscal year 2015 which is on a comparable basis to non-GAAP fiscal 2014 results adjusted for unusual items. In fiscal 2015, the company anticipates that net sales will increase approximately 10.7% to $640 million, gross margin percent will be approximately flat to fiscal 2014, and operating income will increase approximately 19% to $90 million. The company anticipates net income in fiscal 2015 to increase to approximately $63.5 million, or $2.44 per diluted share, reflecting a 28% anticipated effective tax rate. The company continues to project capital expenditures of approximately $17 million for fiscal 2015, which include projects in the ordinary parts of business such as facilities improvements, shop and shops, and computer hardware and software.

 

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Industry Analysis

MOV

Industry Average

Valuation MOV Industry Range
Price/Earnings 20.8x
Price/Sales 1.8x
Price/Book 2.2x
Price/Cash Flow 20.4x
TEV/Sales 1.5x
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