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movado group inc-cl a (MOVAA) Snapshot

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Market Cap
876.6M
Average Volume 10 Days
0.0
EPS TTM
$2.07
Shares Outstanding
6.6M
EX-Date
09/3/14
P/E TM
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Dividend
$0.40
Dividend Yield
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Current Stock Chart for MOVADO GROUP INC-CL A (MOVAA)

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movado group inc-cl a (MOVAA) 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-cl a (MOVAA) 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-cl a (MOVAA) Key Developments

Movado Group, Inc., Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC Amends Restates Loan and Security Agreement

Movado Group, Inc., Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC Bank of America, N.A. and Bank Leumi USA, as lenders and Bank of America, N.A., as agent, the amended and restated loan and security agreement previously entered into by and among the parties dated as of July 17, 2009. Modifications to the loan agreement effected by amendment no. 4 include the following: The term of the loan agreement was extended through July 17, 2019. The applicable margins for LIBOR rate loans and for base rate loans were reduced by 0.75%. The amount of loan availability below which an FCCR covenant trigger period occurs was reduced from $12.5 million to $7.5 million. The definitions of permitted acquisition and restricted investment were made less restrictive by modifying as a condition that must be satisfied to qualify as a permitted acquisition and as an exception to the definition of restricted investment that, either borrowers' cash assets are at least $60 million with no revolver loans outstanding, or after giving effect to the acquisition or the investment, the consolidated fixed charge coverage ratio is at least 1.10 to 1.00, availability is greater than $7.5 million and domestic EBITDA plus repatriated cash dividends minus the company's open market purchases of its own securities is greater than $0. The unused line fee was reduced by 0.125%. The number of examinations of the company's books and records and the number of appraisals for which Borrowers are required to reimburse Lenders are fixed at two each for the term of the loan agreement unless borrowers' outstanding obligations under the facility exceed $5 million in which event borrowers must pay for up to two examinations and up to one appraisal annually. Borrowers are permitted to pay dividends and make share repurchases in an aggregate amount not exceeding $150 million provided that no event of default has occurred and that, either Borrowers have cash assets of at least $60 million with no outstanding revolver loans or, for the four fiscal quarter period most recently ended prior to the proposed dividend payment or share repurchase date, the borrowers have achieved an adjusted consolidated fixed charge coverage ratio of at least 1.10 to 1.00, met a certain measure of domestic EBITDA and have pro forma availability greater than $7.5 million. The guarantees and collateral securing the credit facility remain unchanged. The representations and warranties and events of default remain unchanged as well and, except as described above, the covenants and all other provisions of the loan agreement remain unchanged.

Movado Group, Inc. Presents at Telsey Advisory Group 5th Annual Fall Consumer Conference, Sep-30-2014 10:55 AM

Movado Group, Inc. Presents at Telsey Advisory Group 5th Annual Fall Consumer Conference, Sep-30-2014 10:55 AM. Venue: Intercontinental Times Square, New York, New York, United States. Speakers: Efraim Grinberg, Chairman and Chief Executive Officer, Sallie A. DeMarsilis, Chief Financial Officer and Principal Accounting Officer.

Movado Group, Inc. Presents at 7th Annual Barrington Research Fall Investment Conference, Sep-04-2014

Movado Group, Inc. Presents at 7th Annual Barrington Research Fall Investment Conference, Sep-04-2014 . Venue: Four Seasons Hotel Chicago, 120 East Delaware Place, Chicago, IL 60611, United States.

 

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Industry Analysis

MOVAA

Industry Average

Valuation MOVAA Industry Range
Price/Earnings 17.3x
Price/Sales 1.4x
Price/Book 1.8x
Price/Cash Flow 17.0x
TEV/Sales 1.2x
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