News stories about Movado Group (NYSE:MOV) have been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Movado Group earned a daily sentiment score of 1.16 on their scale. InfoTrie also gave news stories about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Movado Group’s ranking:
- Here is What Hedge Funds Think About Movado Group, Inc (MOV) (feedproxy.google.com)
- Should You Chase Movado Group's Post-Earnings Rally? (finance.yahoo.com)
- Movado Group (MOV) Getting Somewhat Positive News Coverage, Report Shows (americanbankingnews.com)
- Movado Group (MOV) Q3 2019 Earnings Conference Call Transcript (fool.com)
- Movado shares pop after watchmaker’s fiscal 3Q revenue and profit beat Street’s estimates (proactiveinvestors.com)
MOV opened at $38.57 on Friday. Movado Group has a fifty-two week low of $28.15 and a fifty-two week high of $53.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market capitalization of $960.91 million, a price-to-earnings ratio of 19.28 and a beta of -0.05.
Movado Group (NYSE:MOV) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Movado Group had a net margin of 1.63% and a return on equity of 12.64%. The company had revenue of $208.90 million during the quarter, compared to analysts’ expectations of $205.40 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Movado Group will post 2.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.07%. Movado Group’s payout ratio is 40.00%.
A number of research analysts have weighed in on MOV shares. Cowen raised shares of Movado Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 8th. Sidoti raised shares of Movado Group from a “neutral” rating to a “buy” rating in a report on Wednesday, August 22nd. Finally, Zacks Investment Research raised shares of Movado Group from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a report on Tuesday, September 4th.
In other Movado Group news, Director Richard D. Isserman sold 3,970 shares of Movado Group stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.64, for a total value of $161,340.80. Following the completion of the transaction, the director now owns 8,342 shares of the company’s stock, valued at $339,018.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 30.56% of the stock is currently owned by insiders.
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Movado Group 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 Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.
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