Movado Group, Inc (NYSE:MOV) has been given an average rating of “Buy” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.33.

Several research firms recently commented on MOV. KeyCorp reaffirmed a “hold” rating on shares of Movado Group in a research note on Wednesday, October 11th. ValuEngine raised Movado Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th.

Shares of Movado Group (MOV) opened at $33.75 on Friday. Movado Group has a one year low of $20.50 and a one year high of $33.95. The company has a market capitalization of $746.66, a P/E ratio of 32.77 and a beta of 0.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 4.80.

Movado Group (NYSE:MOV) last released its earnings results on Tuesday, November 21st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. Movado Group had a return on equity of 8.34% and a net margin of 4.35%. The business had revenue of $190.69 million during the quarter, compared to analysts’ expectations of $176.33 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. analysts forecast that Movado Group will post 1.74 EPS for the current fiscal year.

In other Movado Group news, CFO Sallie A. Demarsilis sold 5,401 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $28.44, for a total value of $153,604.44. Following the transaction, the chief financial officer now owns 31,978 shares in the company, valued at $909,454.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Isserman sold 2,650 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $32.07, for a total value of $84,985.50. Following the completion of the transaction, the director now owns 11,184 shares in the company, valued at approximately $358,670.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,251 shares of company stock worth $341,806. Corporate insiders own 32.98% of the company’s stock.

A number of large investors have recently made changes to their positions in MOV. Legal & General Group Plc boosted its holdings in Movado Group by 9.0% in the second quarter. Legal & General Group Plc now owns 27,810 shares of the company’s stock worth $701,000 after acquiring an additional 2,291 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Movado Group by 13.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,617 shares of the company’s stock worth $167,000 after acquiring an additional 776 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Movado Group by 0.3% in the second quarter. Principal Financial Group Inc. now owns 117,851 shares of the company’s stock worth $2,976,000 after acquiring an additional 367 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Movado Group by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,855 shares of the company’s stock worth $122,000 after acquiring an additional 78 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Movado Group by 16.2% in the second quarter. Citigroup Inc. now owns 22,379 shares of the company’s stock worth $565,000 after acquiring an additional 3,115 shares in the last quarter. Institutional investors and hedge funds own 63.83% of the company’s stock.

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About Movado Group

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 and department stores, as well as independent jewelers.

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