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Last €22.51 EUR
Change Today -0.56 / -2.44%
Volume 0.0
As of 9:22 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

movado group inc (MV4) Snapshot

Open
€22.93
Previous Close
€23.08
Day High
€22.93
Day Low
€22.51
52 Week High
08/26/14 - €32.80
52 Week Low
01/15/15 - €19.66
Market Cap
551.0M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
17.1M
EX-Date
06/4/15
P/E TM
--
Dividend
€0.43
Dividend Yield
1.56%
Current Stock Chart for MOVADO GROUP INC (MV4)

movado group inc (MV4) Related Businessweek News

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movado group inc (MV4) 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 (MV4) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $419.7K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $482.6K
Vice Chairman and Chief Operating Officer
Total Annual Compensation: $742.1K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $472.6K
Compensation as of Fiscal Year 2015.

movado group inc (MV4) Key Developments

Movado Group, Inc. Declares Quarterly Dividend, Payable on June 22, 2015; Announces Unaudited Consolidated Earnings for the First Quarter Ended April 30, 2015; Reiterates Earnings Guidance for Fiscal 2016

Movado Group, Inc. announced that on May 27, 2015 the board of directors approved the payment on June 22, 2015 of a cash dividend in the amount of $0.11 for each share of the company’s outstanding common stock and class a common stock held by shareholders of record as of the close of business on June 8, 2015. The company announced unaudited consolidated earnings for the first quarter ended April 30, 2015. For the quarter, the company reported net sales of $120,461,000 against $120,921,000 a year ago. Operating income was $6,875,000 against $10,921,000 a year ago. Income before income taxes was $6,776,000 against $10,862,000 a year ago. Net income attributed to the company was $3,622,000 or $0.15 per share against $7,365,000 or $0.29 per share a year ago. Net cash used in operating activities was $11,174,000 against $12,053,000 a year ago. Capital expenditures were $1,461,000 against $1,523,000 a year ago. Trademarks were $94,000 against $20,000 a year ago. Adjusted Results (Non-GAAP) Net Sales were $120,461,000, operating income was $9,545,000, pre-tax income was $9,446,000, net income was $6,158,000 and diluted earnings per share was $0.25. The company is reiterating guidance for 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 30.0% anticipated effective tax rate and reduced share count. The company also anticipates recording the remainder of the previously announced $3.0 million to $4.0 million pre-tax charge related to operating efficiency initiatives by the end of fiscal 2016, which is excluded from its guidance. The company continues to project capital expenditures of approximately $15 million for fiscal 2016, which includes projects in the ordinary course of business, such as facilities improvements, shop-in-shops, computer hardware and software. On a constant dollar basis, sales would have increased in the range of approximately 5% to 6.5%.

Movado Group, Inc. to Report Q1, 2016 Results on May 27, 2015

Movado Group, Inc. announced that they will report Q1, 2016 results at 9:00 AM, Eastern Standard Time on May 27, 2015

Movado Group, Inc., Q1 2016 Earnings Call, May 27, 2015

Movado Group, Inc., Q1 2016 Earnings Call, May 27, 2015

 

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Industry Analysis

MV4

Industry Average

Valuation MV4 Industry Range
Price/Earnings 13.1x
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow 12.3x
TEV/Sales 0.6x
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