Brokerages Anticipate Movado Group, Inc. (NYSE:MOV) Will Announce Earnings of $0.46 Per Share

Wall Street brokerages expect Movado Group, Inc. (NYSE:MOV – Get Rating) to post earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Movado Group’s earnings. Movado Group reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Movado Group will report full-year earnings of $4.11 per share for the current financial year. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Movado Group.

Movado Group (NYSE:MOV – Get Rating) last released its quarterly earnings data on Thursday, March 24th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.80 by $0.52. Movado Group had a return on equity of 20.78% and a net margin of 12.51%. During the same period in the prior year, the business posted $0.84 earnings per share.

Several research analysts have issued reports on the company. StockNews.com raised Movado Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 28th. Zacks Investment Research raised Movado Group from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Thursday, March 31st.

In other news, Director Richard D. Isserman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $37.86, for a total value of $189,300.00. Following the sale, the director now directly owns 16,962 shares in the company, valued at approximately $642,181.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Kirschner sold 3,800 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $39.41, for a total transaction of $149,758.00. Following the completion of the sale, the director now owns 13,897 shares in the company, valued at $547,680.77. The disclosure for this sale can be found here. 28.42% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of Movado Group by 5.0% in the 4th quarter. Royce & Associates LP now owns 1,004,990 shares of the company’s stock worth $42,039,000 after buying an additional 48,031 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Movado Group by 5.2% in the 1st quarter. Tributary Capital Management LLC now owns 481,269 shares of the company’s stock worth $18,794,000 after buying an additional 23,605 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Movado Group by 30.3% during the 4th quarter. Victory Capital Management Inc. now owns 457,197 shares of the company’s stock worth $19,124,000 after purchasing an additional 106,371 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Movado Group by 5.0% during the 4th quarter. Acadian Asset Management LLC now owns 303,526 shares of the company’s stock worth $12,687,000 after purchasing an additional 14,352 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Movado Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 276,919 shares of the company’s stock worth $8,720,000 after purchasing an additional 5,813 shares during the period. Hedge funds and other institutional investors own 64.55% of the company’s stock.

NYSE:MOV traded down $1.00 on Tuesday, hitting $37.43. The stock had a trading volume of 3,848 shares, compared to its average volume of 163,301. The stock has a market cap of $852.06 million, a price-to-earnings ratio of 9.65 and a beta of 1.17. The business’s 50-day simple moving average is $37.75 and its two-hundred day simple moving average is $38.27. Movado Group has a 52-week low of $27.69 and a 52-week high of $48.66.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were paid a dividend of $0.35 per share. This is a boost from Movado Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.74%. Movado Group’s dividend payout ratio (DPR) is presently 36.08%.

Movado Group Company Profile (Get Rating)

Movado Group, Inc designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari.

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