|Bid||26.10 x 800|
|Ask||26.20 x 800|
|Day's Range||25.92 - 26.23|
|52 Week Range||18.78 - 44.39|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||9.32|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||0.80 (3.12%)|
|1y Target Est||22.00|
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 ...
Movado Group Inc. was downgraded on Thursday to market perform from outperform at Cowen over growth concerns. Cowen slashed its price target to $22 from $40. "Cowen's view is that Movado is also facing various pressures beyond its control, including tariffs and associated margin risk, the rise of 're-commerce,' online customer acquisition cost inflation, and international macro headwinds - all of which we believe could weigh on growth at Movado and within the broader watch category over the medium term," the note said. Re-commerce refers to the secondhand market. Data from RealReal Inc. shows that sales of secondhand luxury watches priced at $30,000 to $50,000 has surged 126% over the last year. Younger shoppers are showing greater interest in secondhand watches priced higher than $5,000, the data shows. "Savvy buyers are latching onto high-end watches as ultimate statement pieces that are also one of the smartest luxury investments," said Laif Anderson, head watchmaker at The RealReal, in a statement. Movado reported earnings and sales that fell short of expectations on Wednesday. Movado stock took a 15% nose dive in Wednesday trading, closing with the biggest one-day percentage drop since August 2011. The stock slumped another 3.6% in Thursday trading. Movado shares have lost 51% over the past year while the S&P 500 index has edged up 0.2% for the period.
Movado Group tumbles after the watchmaker misses Wall Street's second-quarter earnings and revenue estimates and cuts its full-year guidance.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
Stocks that moved substantially or traded heavily on Thursday: PVH Corp., down $14.76 to $84.49 The owner of the Calvin Klein and Tommy Hilfiger brands cut its full-year profit forecast, citing soft sales ...
Check out the companies making headlines midday Thursday:CBS CBS , Viacom VIAB — CBS and Viacom rose after CNBC's David Faber reported the CBS board i s preparing to hold deal talks with Viacom .
Movado Group's fiscal first-quarter results disappointed Wall Street and the stock was tumbling sharply on Thursday. The American watchmaker reported first-quarter adjusted EPS of 24 cents vs. 37 cents; analysts expected 31 cents a share.