|Bid||19.63 x 1100|
|Ask||19.64 x 1400|
|Day's Range||19.06 - 19.70|
|52 Week Range||18.05 - 40.21|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||8.08|
|Earnings Date||Nov 26, 2019|
|Forward Dividend & Yield||0.80 (4.28%)|
|1y Target Est||18.00|
Unfortunately for some shareholders, the Movado Group (NYSE:MOV) share price has dived 31% in the last thirty days...
Today we'll evaluate Movado Group, Inc. (NYSE:MOV) to determine whether it could have potential as an investment idea...
Movado Group Inc. shares sank 20% in Tuesday premarket trading after the watch company reported third-quarter earnings and sales that missed estimates. Net income totaled $17.8 million, or 76 cents per share, down from $26.9 million, or $1.14 per share, last year. Adjusted EPS of 82 cents fell well below the FactSet outlook for $1.03. Sales of $205.6 million were down from $208.9 million last year and below the $220.0 million FactSet guidance. "This year we made the strategic decision to increase marketing investments to drive sales across our powerful portfolio of watch brands," said Efraim Grinberg, chief executive of the company, in a statement. "While this effort led to market share gains, we fell short of our sales plan due to the category performing below our expectations as challenges intensified within the watch category and retail landscape, which combined with our increased marketing expenditures, impacted our results." Movado now expects fiscal year sales to be in the range of $690 million to $700 million, EPS of $1.55 to $1.70. The FactSet outlook is for sales of $729 million and EPS of $2.27. Movado stock has fallen 33.8% over the past year while the S&P 500 index is up 17.2% for the period.
Movado Group, Inc. invites investors to listen to a broadcast of the Company's conference call to discuss third quarter fiscal year 2020 earnings results on Tuesday, November 26, 2019 at 9:00 a.m.
The financial regulations require hedge funds and wealthy investors that crossed the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
Smart has never been so beautiful PARAMUS, N.J. , Sept. 20, 2019 /PRNewswire/ -- MOVADO (NYSE:MOV ) – Movado is proud to announce its newest wave of smartwatches, Movado Connect 2.0. This next generation ...