News stories about Movado Group (NYSE:MOV) have trended positive this week, according to Alpha One Sentiment. The research group, a division of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Movado Group earned a media sentiment score of 0.39 on Alpha One’s scale. Alpha One also assigned news coverage about the company an impact score of 79 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near term.
Shares of Movado Group (NYSE:MOV) traded up 4.07% during mid-day trading on Thursday, reaching $24.30. The company’s stock had a trading volume of 198,403 shares. The firm has a 50 day moving average price of $23.53 and a 200 day moving average price of $25.37. The firm has a market cap of $557.71 million, a price-to-earnings ratio of 16.09 and a beta of 0.47. Movado Group has a 52-week low of $19.14 and a 52-week high of $31.95.
Movado Group (NYSE:MOV) last released its earnings results on Monday, March 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The business earned $130.80 million during the quarter, compared to the consensus estimate of $137.11 million. Movado Group had a net margin of 6.67% and a return on equity of 8.97%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities analysts predict that Movado Group will post $1.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, March 29th. Movado Group’s dividend payout ratio is presently 32.10%.
A number of analysts have recently issued reports on the company. Sidoti upgraded Movado Group from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Monday, January 30th. Zacks Investment Research cut Movado Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 24th. TheStreet cut Movado Group from a “b-” rating to a “c+” rating in a research report on Friday, March 10th. Finally, Cowen and Company lowered their price objective on Movado Group from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Monday, March 20th.
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Movado Group Company Profile
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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