News headlines about Movado Group (NYSE:MOV) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Movado Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.4481463389666 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded Movado Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. KeyCorp reaffirmed a “hold” rating on shares of Movado Group in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.33.
Movado Group (MOV) opened at $32.45 on Friday. The company has a market capitalization of $744.41, a P/E ratio of 31.50 and a beta of 0.20. The company has a current ratio of 4.80, a quick ratio of 3.12 and a debt-to-equity ratio of 0.05. Movado Group has a 52-week low of $20.50 and a 52-week high of $33.70.
Movado Group (NYSE:MOV) last announced its earnings results on Tuesday, November 21st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.18. Movado Group had a return on equity of 8.34% and a net margin of 4.35%. The firm had revenue of $190.69 million during the quarter, compared to analyst estimates of $176.33 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. equities research analysts forecast that Movado Group will post 1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, November 30th. Movado Group’s dividend payout ratio is currently 50.49%.
In related news, Director Richard Cote sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $32.02, for a total value of $51,232.00. Following the sale, the director now owns 397,296 shares in the company, valued at approximately $12,721,417.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sallie A. Demarsilis sold 5,401 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $28.44, for a total value of $153,604.44. Following the completion of the sale, the chief financial officer now owns 31,978 shares in the company, valued at approximately $909,454.32. The disclosure for this sale can be found here. Insiders sold a total of 9,651 shares of company stock valued at $289,822 in the last three months. Corporate insiders own 33.30% of the company’s stock.
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Movado Group Company Profile
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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