Movado Group, Inc (NYSE:MOV) Plans Quarterly Dividend of $0.20

Movado Group, Inc (NYSE:MOV) declared a quarterly dividend on Tuesday, November 26th, Fidelity reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.20 per share on Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, December 5th.

Shares of NYSE MOV traded down $0.54 during trading hours on Tuesday, hitting $18.41. The company’s stock had a trading volume of 2,072 shares, compared to its average volume of 296,276. Movado Group has a 12 month low of $18.78 and a 12 month high of $44.39. The stock has a market cap of $449.61 million, a price-to-earnings ratio of 6.90 and a beta of 0.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.06 and a current ratio of 3.52. The business has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $25.58.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.21). Movado Group had a return on equity of 9.73% and a net margin of 7.99%. The business had revenue of $205.62 million during the quarter, compared to the consensus estimate of $220.00 million. During the same quarter in the prior year, the business posted $1.18 earnings per share. Movado Group’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Movado Group will post 2.27 EPS for the current year.

Several analysts recently weighed in on MOV shares. Zacks Investment Research cut shares of Movado Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 5th. Cowen lowered shares of Movado Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $40.00 to $22.00 in a report on Thursday, August 29th.

About Movado Group

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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Dividend History for Movado Group (NYSE:MOV)

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