Movado Group Inc. Plans Dividend of $0.10 (MOV)
Movado Group (NYSE:MOV) announced a dividend on Thursday, May 22nd, American Banking News reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.10 per share on Monday, June 16th. The ex-dividend date is Thursday, May 29th.
On the ratings front, analysts at Brean Capital raised their price target on shares of Movado Group from $50.00 to $54.00 in a research note on Wednesday, March 26th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $52.77.
Movado Group (NYSE:MOV) opened at 38.27 on Friday. Movado Group has a 52 week low of $31.52 and a 52 week high of $48.50. The stock’s 50-day moving average is $40.45 and its 200-day moving average is $41.89. The company has a market cap of $966.5 million and a P/E ratio of 19.30.
Movado Group (NYSE:MOV) last announced its earnings results on Thursday, May 22nd. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $123.07 million. During the same quarter last year, the company posted $0.28 earnings per share. Movado Group’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Movado Group will post $2.45 earnings per share for the current fiscal year.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
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