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movado group inc-cl a (MOVAA) Key Developments

Movado Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2016

Movado Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company announced net sales of $133,911,000 compared to $132,259,000 for the same period a year ago. Operating income was $10,065,000 compared to $6,613,000 for the same period a year ago. Income before income taxes was $9,917,000 compared to $6,504,000 for the same period a year ago. Net income was $9,884,000 compared to $7,297,000 for the same period a year ago. Net income attributed to the company was $10,051,000 compared to $7,193,000 for the same period a year ago. Net income attributed to the company per share was $0.40 compared to $0.28 for the same period a year ago. For the full year, the company announced net sales of $586,980,000 compared to $570,255,000 for the same period a year ago. Operating income was $71,487,000 compared to $67,742,000 for the same period a year ago. Income before income taxes was $71,164,000 compared to $68,918,000 for the same period a year ago. Net income was $51,900,000 compared to $51,545,000 for the same period a year ago. Net income attributed to the company was $51,776,000 compared to $50,877,000 for the same period a year ago. Net income attributed to the company per share was $2.02 compared to $1.97 for the same period a year ago. Net cash provided by operating activities was $59,596,000 compared to $54,516,000 for the same period a year ago. Capital expenditures were $11,132,000 compared to $16,707,000 for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2016. In fiscal 2016, the company anticipates that net sales will increase to a range of $590 million to $600 million, gross margin will be approximately 53.5%, and operating income will increase to approximately $72.0 million to $75.0 million. The company anticipates net income in fiscal 2016 to be approximately $48.5 million to $51.0 million, or $2.00 to $2.10 per diluted share, reflecting a 30% anticipated effective tax rate and reduced share count. The company's guidance also assumes no further significant fluctuations from prevailing foreign currency exchange rates as well as no unusual items for fiscal 2016.

Movado Group, Inc. Declares Quarterly Dividend Payable on April 24, 2015

Movado Group, Inc. announced a 10% increase in the company's quarterly cash dividend to $0.11 for each share of the company's outstanding common stock and class A common stock. This dividend will be paid on April 24, 2015 to all shareholders of record as of the close of business on April 10, 2015.

Movado Group, Inc. to Report Q4, 2015 Results on Mar 31, 2015

Movado Group, Inc. announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Mar 31, 2015

Movado Group, Inc., Q4 2015 Earnings Call, Mar 31, 2015

Movado Group, Inc., Q4 2015 Earnings Call, Mar 31, 2015

Movado Group, Inc. Launches New Watch Collections at Baselworld 2015

Movado Group, Inc. announced new collections of timepieces at Baselworld 2015. From Swiss luxury to accessible fashion watches, each one of the Group's brands is for its inherent quality and image. New from Movado is a collection of automatic timepieces for men and women. Powered by Swiss self-winding movements, the 1881 Automatic collection features contemporary designs that reflect the brand's proud Swiss heritage in mechanical timekeeping. Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity. The futuristic Sapphire family with its signature flat, edge-to-edge crystal introduces four men's models two on straps and two on a new, thinner freefalling bracelet design. EBEL's continues with introductions to the timeless Wave collection these new EBEL Wave Lady and Gent models are luxury infused with a fresh and modern vision and of course, quality. Concord with the re-launch of the classic 1980's Mariner two new Mariner Ladies models merge the signature 12-sided bezel of the original with smooth new angles and ergonomic planes. An American classic, as well as its reinvention, is part of the Coach brand's DNA its watches possess all the attributes that make something a classic: dependability, durability and design integrity. For Baselworld 2015, Coach focuses on men, launching a full collection with 40 different skus including the introduction of two new families Bleecker and Sullivan Sport expressed in a variety of attitudes, unique to the brand and designed to fit perfectly into the Coach men's lifestyle assortments. Combining clean lines and classic styling with sporty looks, Hugo Boss launches the BOSS Black Aeroliner pure icy elegance with a silver bracelet paired with a metallic blue chronograph dial. The BOSS Orange New York is a marvel of contrasting simplicity the black leather strap and black dial with bold white numbers are offset with a hint of orange. Both new watches share the sleek, clean and stylish Hugo Boss DNA. Juicy Couture's Juicy girl indulges in the high-impact embellishment and rich tones of the new Luxe Couture family. Luminous timepieces designed with set crystal bezels and stainless steel, gold-plated, or rose gold-toned bracelets with dials offered in soft sunset hues touched with shimmering diamond dust clean and crisp sport details, redefined in a romantic and feminine way. The Scuderia Ferrari racing team is the heart and soul of the Scuderia Ferrari Orologi brand. The watches draw inspiration directly from the cars themselves. Premiering at Baselworld 2015 is the Gran Premio Worldtime Automatico Limited Edition with a sportier, black-out look inspired by the Ferrari FXX. The dial features a city time zone display highlighting Ferrari's headquarters in Maranello and ten iconic grand prix race locations around the globe. All brands are showcased in company's exhibition space in Hall 1.0 South at the Basel Exhibition Center in Basel, Switzerland.

 

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MOVAA

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Valuation MOVAA Industry Range
Price/Earnings 14.2x
Price/Sales 1.2x
Price/Book 1.5x
Price/Cash Flow 13.4x
TEV/Sales 0.8x
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