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MOVAA On Other Exchanges
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movado group inc-cl a (MOVAA) Snapshot

Open
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52 Week High
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Market Cap
751.7M
Average Volume 10 Days
0.0
EPS TTM
$2.03
Shares Outstanding
6.6M
EX-Date
04/8/15
P/E TM
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Dividend
$0.44
Dividend Yield
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Current Stock Chart for MOVADO GROUP INC-CL A (MOVAA)

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movado group inc-cl a (MOVAA) Details

Movado Group, Inc. designs, 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 Coach, Concord, Ebel, ESQ Movado, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensors’ retail stores, and a network of independent distributors. It also provides after-sales and shipping service. In addition, the company operates retail outlet stores. It operates 38 retail outlet stores. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.

1,110 Employees
Last Reported Date: 03/31/15
Founded in 1961

movado group inc-cl a (MOVAA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $486.2K
Vice Chairman and Chief Operating Officer
Total Annual Compensation: $717.3K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $475.8K
General Counsel and Secretary
Total Annual Compensation: $371.0K
Compensation as of Fiscal Year 2014.

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

 

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Industry Analysis

MOVAA

Industry Average

Valuation MOVAA Industry Range
Price/Earnings 15.3x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 14.4x
TEV/Sales 0.9x
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