News stories about Movado (NYSE:MOV) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Movado earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.8620943507897 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Unisex Movado Bold Metals Chronograph Watch 3600276 (watchshop.com)
- ValuEngine Upgrades Movado (MOV) to Buy (americanbankingnews.com)
- Movado (MOV) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Buffalo Grove police: Burglar ransacks home, taking $18,000 wedding ring and other valuables (chicagotribune.com)
- Movado (MOV) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
A number of brokerages recently commented on MOV. ValuEngine raised shares of Movado from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reissued a “hold” rating and issued a $42.00 price objective on shares of Movado in a research note on Monday, April 9th. Finally, Zacks Investment Research raised shares of Movado from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
Shares of NYSE MOV opened at $39.95 on Tuesday. The stock has a market capitalization of $903.80, a P/E ratio of 19.70 and a beta of -0.17. Movado has a 52 week low of $20.50 and a 52 week high of $42.25.
Movado (NYSE:MOV) last issued its quarterly earnings data on Thursday, March 29th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.26. The firm had revenue of $149.20 million for the quarter, compared to analysts’ expectations of $132.43 million. Movado had a negative net margin of 2.68% and a positive return on equity of 9.78%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. equities analysts anticipate that Movado will post 2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.00%. This is a boost from Movado’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 10th. Movado’s dividend payout ratio is presently 40.00%.
In other Movado news, Director Alexander Grinberg sold 1,798 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $37.70, for a total transaction of $67,784.60. Following the sale, the director now directly owns 7,929 shares of the company’s stock, valued at approximately $298,923.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Cote sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $32.05, for a total transaction of $51,280.00. Following the sale, the director now directly owns 394,296 shares in the company, valued at $12,637,186.80. The disclosure for this sale can be found here. Insiders have sold a total of 130,933 shares of company stock worth $4,917,020 over the last ninety days. 33.30% of the stock is owned by corporate insiders.
Movado Company Profile
Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands.
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