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

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.

NYSE MOV traded down $0.54 during trading hours on Tuesday, hitting $18.41. 2,072 shares of the company’s stock traded hands, compared to its average volume of 296,276. The business’s fifty day moving average price is $24.63 and its two-hundred day moving average price is $25.58. The company has a current ratio of 3.52, a quick ratio of 2.06 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $449.61 million, a P/E ratio of 6.90 and a beta of 0.48. Movado Group has a 52 week low of $18.78 and a 52 week high of $44.39.

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

MOV has been the subject of a number of recent research reports. Cowen downgraded shares of Movado Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $40.00 to $22.00 in a research report on Thursday, August 29th. Zacks Investment Research downgraded Movado Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 5th.

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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Dividend History for Movado Group (NYSE:MOV)

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