Movado Group Inc. (NYSE:MOV) announced a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, December 2nd will be given a dividend of 0.13 per share on Friday, December 16th. This represents a $0.52 dividend on an annualized basis and a yield of 2.02%.

Shares of Movado Group (NYSE:MOV) opened at 25.75 on Tuesday. Movado Group has a 52-week low of $19.14 and a 52-week high of $30.98. The company’s 50-day moving average price is $22.86 and its 200-day moving average price is $22.48. The company has a market capitalization of $590.96 million, a price-to-earnings ratio of 15.39 and a beta of 0.36.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Movado Group had a return on equity of 9.15% and a net margin of 6.84%. The company earned $179.80 million during the quarter, compared to analysts’ expectations of $174.32 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts forecast that Movado Group will post $1.46 EPS for the current fiscal year.

Dividend History for Movado Group (NYSE:MOV)

Large investors have recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC increased its stake in Movado Group by 15.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 14,000 shares of the company’s stock worth $304,000 after buying an additional 1,900 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Movado Group by 15,254.9% in the second quarter. Riverhead Capital Management LLC now owns 217,732 shares of the company’s stock worth $14,364,000 after buying an additional 216,314 shares during the last quarter. State Street Corp increased its stake in Movado Group by 12.7% in the second quarter. State Street Corp now owns 353,949 shares of the company’s stock worth $7,675,000 after buying an additional 39,946 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Movado Group during the second quarter worth $626,000. Finally, Algert Global LLC acquired a new stake in Movado Group during the second quarter worth $474,000. Institutional investors own 63.09% of the company’s stock.

A number of equities research analysts have recently issued reports on MOV shares. Zacks Investment Research upgraded Movado Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Cowen and Company restated a “market perform” rating and set a $24.00 price objective on shares of Movado Group in a report on Friday, August 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.

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, department stores and independent jewelers.

5 Day Chart for NYSE:MOV

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