Movado Group Inc. (MOV) Declares Quarterly Dividend of $0.10
Movado Group (NYSE:MOV) declared a quarterly dividend on Tuesday, August 26th, American Banking and Market News reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.10 per share on Friday, September 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%.
On the ratings front, analysts at Barrington Research initiated coverage on shares of Movado Group in a research note on Monday, June 23rd. They set an “outperform” rating and a $49.00 price target on the stock.
Shares of Movado Group (NYSE:MOV) opened at 44.04 on Tuesday. Movado Group has a 1-year low of $34.77 and a 1-year high of $48.50. The stock’s 50-day moving average is $41. and its 200-day moving average is $40.81. The company has a market cap of $1.114 billion and a P/E ratio of 22.67.
Movado Group (NYSE:MOV) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.10. The company had revenue of $143.60 million for the quarter, compared to the consensus estimate of $153.00 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Analysts expect that Movado Group will post $2.46 EPS for the current fiscal year.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
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