Movado Group Inc. Sets New 1-Year High at $44.50 (MOV)
Movado Group (NYSE:MOV) set a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $44.50 and last traded at $44.28, with a volume of 43,976 shares. The stock had previously closed at $43.72.
Several analysts have recently commented on the stock. Analysts at Stephens initiated coverage on shares of Movado Group in a research note to investors on Wednesday, August 21st. They set an “overweight” rating on the stock. Analysts at Brean Capital initiated coverage on shares of Movado Group in a research note to investors on Friday, August 16th. They set a “buy” rating and a $44.00 price target on the stock.
Movado Group has a 1-year low of $28.25 and a 1-year high of $44.50. The stock’s 50-day moving average is $42.50 and its 200-day moving average is $36.33. The company has a market cap of $1.124 billion and a P/E ratio of 17.98.
Movado Group (NYSE:MOV) last released its earnings data on Tuesday, August 27th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.12. The company had revenue of $138.30 million for the quarter, compared to the consensus estimate of $135.91 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Movado Group will post $1.94 EPS for the current fiscal year.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
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