MOV - Movado Group Inc Stock Price, Fair Value and News

25.25USD+0.06 (+0.24%)Market Closed

Market Summary

USD25.25+0.06

Market Closed

0.24%

MOV Alerts

Big fall in earnings (Y/Y)

MOV Stock Price

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MOV RSI Chart

MOV Valuation

Market Cap

561.1M

Price/Earnings (Trailing)

12.01

Price/Sales (Trailing)

0.83

EV/EBITDA

4.25

Price/Free Cashflow

8.18

MOV Price/Sales (Trailing)

MOV Profitability

EBT Margin

8.95%

Return on Equity

Return on Assets

6.07%

Free Cashflow Yield

12.22%

MOV Fundamentals

MOV Revenue

Revenue (TTM)

672.6M

Rev. Growth (Yr)

-7.54%

Rev. Growth (Qtr)

-4.3%

MOV Earnings

Earnings (TTM)

46.7M

Earnings Growth (Yr)

-46.56%

Earnings Growth (Qtr)

-30.16%

Breaking Down MOV Revenue

Last 7 days

-8.5%

Last 30 days

-5.3%

Last 90 days

-9.1%

Trailing 12 Months

-3.7%

How does MOV drawdown profile look like?

MOV Financial Health

Current Ratio

4.81

MOV Investor Care

Dividend Yield

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

0.70%

Diluted EPS (TTM)

2.06

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	672.6M	0	0	0
2023	751.9M	733.4M	711.0M	687.3M
2022	732.4M	761.0M	769.9M	763.6M
2021	506.4M	571.5M	656.9M	704.7M
2020	701.0M	624.1M	554.8M	519.0M
2019	679.6M	699.0M	712.7M	709.4M
2018	568.0M	595.8M	611.1M	629.4M
2017	552.8M	538.0M	538.6M	549.5M
2016	594.9M	588.5M	571.0M	565.2M
2015	587.0M	586.5M	588.5M	585.6M
2014	570.3M	581.2M	586.5M	585.3M
2013	505.5M	511.8M	532.1M	561.6M
2012	468.1M	481.9M	486.7M	504.3M
2011	382.2M	399.2M	427.1M	446.7M
2010	349.7M	0	360.5M	371.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Movado Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	kirschner ann	acquired	-	-	4,500	-
Apr 01, 2024	howard alan h	acquired	-	-	7,200	-
Apr 01, 2024	demarsilis sallie a	acquired	-	-	9,082	chief financial officer
Apr 01, 2024	bridgman peter a	acquired	-	-	4,500	-
Apr 01, 2024	grinberg efraim	acquired	-	-	35,998	chairman - ceo
Apr 01, 2024	grinberg alexander	acquired	-	-	1,530	-
Apr 01, 2024	sadove stephen i	acquired	-	-	4,500	-
Apr 01, 2024	isserman richard d	acquired	-	-	4,500	-
Apr 01, 2024	sussis mitchell cole	acquired	-	-	4,192	senior vp and general counsel
Apr 01, 2024	kennedy michelle	acquired	-	-	4,192	svp, human resources

Which funds bought or sold MOV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	MILLER HOWARD INVESTMENTS INC /NY	added	0.32	-25,606	336,948	0.01%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-211	-	-%
Apr 10, 2024	Banque Cantonale Vaudoise	unchanged	-	-5,000	72,000	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	125	392	754	-%
Apr 05, 2024	CWM, LLC	reduced	-50.00	-	-	-%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	reduced	-81.31	-1,374,430	287,707	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-62.68	-5,885	3,575	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-35.00	447	-%
Apr 01, 2024	CACTI ASSET MANAGEMENT LLC	unchanged	-	-31,600	276,400	0.02%
Apr 01, 2024	CONFLUENCE INVESTMENT MANAGEMENT LLC	new	-	3,265,160	3,265,160	0.04%

Are Funds Buying or Selling MOV?

Are funds buying MOV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MOV

No. of Funds

MOV Alerts

Big fall in earnings (Y/Y)

Unveiling Movado Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.30%	1,138,788	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	8.0%	1,241,890	SC 13G/A
Jan 23, 2024	royce & associates lp	11.41%	1,779,286	SC 13G/A
Jan 22, 2024	blackrock inc.	16.4%	2,563,597	SC 13G/A
Jan 10, 2024	first trust portfolios lp	5.30%	826,726	SC 13G
Feb 10, 2023	dimensional fund advisors lp	8.0%	1,261,546	SC 13G/A
Feb 09, 2023	vanguard group inc	7.63%	1,197,796	SC 13G/A
Jan 24, 2023	royce & associates lp	11.06%	1,736,668	SC 13G/A
Jan 23, 2023	blackrock inc.	16.8%	2,645,421	SC 13G/A
Dec 06, 2022	royce & associates lp	10.19%	1,600,885	SC 13G/A

Recent SEC filings of Movado Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Movado Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TPR	9.4B	6.7B	-12.81%	-3.06%	10.09	1.39	2.01%	10.92%
MID-CAP
CPRI	4.6B	5.3B	-16.04%	-11.66%	21.92	0.87	-8.55%	-71.41%
SIG	4.2B	7.2B	-4.92%	28.55%	5.22	0.59	-8.56%	115.13%
SMALL-CAP
MOV	561.1M	672.6M	-5.29%	-3.70%	12.01	0.83	-10.55%	-50.59%
REAL	326.6M	549.3M	-1.27%	171.30%	-1.94	0.59	-8.98%	14.24%
ELA	114.4M	171.7M	-1.81%	-38.35%	16	0.67	-6.03%	-54.44%
FOSL	44.1M	1.4B	-3.45%	-73.58%	-0.32	0.03	-16.05%	-870.66%
BRLT	32.8M	446.4M	2.66%	-28.19%	35.14	0.07	1.48%	-82.40%

Movado Group Inc News

Latest updates

Movado Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.3%	180	188	160	145	194	211	183	163	206	218	174	135	178	170	89.00	70.00	191	206	158	147	199
Gross Profit	-5.4%	97.00	102	89.00	82.00	109	121	107	97.00	121	126	98.00	74.00	101	92.00	45.00	32.00	101	110	85.00	79.00	111
Operating Expenses	-	-	-	-	-	-	-	-	-	83.00	84.00	74.00	61.00	75.00	69.00	54.00	214	94.00	87.00	77.00	74.00	-
S&GA Expenses	2.1%	83.00	82.00	80.00	71.00	83.00	83.00	76.00	71.00	83.00	84.00	74.00	61.00	75.00	69.00	54.00	58.00	94.00	87.00	77.00	74.00	94.00
EBITDA Margin	-13.2%	0.10*	0.12*	0.14*	0.16*	0.18*	0.19*	0.19*	0.19*	0.18*	0.17*	0.15*	0.12*	-0.25*	-0.28*	-0.26*	-0.18*	0.11*	0.12*	0.12*	0.11*	0.11*
Interest Expenses	0.7%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	-39.0%	3.00	5.00	3.00	3.00	4.00	8.00	6.00	6.00	7.00	10.00	5.00	3.00	-4.80	8.00	-1.60	-32.30	5.00	5.00	5.00	1.00	-0.52
Earnings Before Taxes	-31.8%	15.00	22.00	11.00	12.00	27.00	39.00	31.00	25.00	38.00	41.00	25.00	13.00	26.00	22.00	-8.18	-182	8.00	22.00	22.00	5.00	17.00
EBT Margin	-15.0%	0.09*	0.11*	0.12*	0.15*	0.16*	0.17*	0.18*	0.17*	0.16*	0.15*	0.13*	0.09*	-0.28*	-0.31*	-0.29*	-0.21*	0.08*	0.09*	0.10*	0.08*	0.09*
Net Income	-30.2%	12.00	17.00	8.00	9.00	23.00	29.00	24.00	19.00	31.00	31.00	19.00	9.00	30.00	15.00	-6.61	-149	4.00	18.00	18.00	4.00	17.00
Net Income Margin	-16.7%	0.07*	0.08*	0.10*	0.12*	0.13*	0.14*	0.14*	0.13*	0.13*	0.13*	0.11*	0.08*	-0.22*	-0.27*	-0.24*	-0.18*	0.06*	0.08*	0.09*	0.08*	0.09*
Free Cashflow	1854.6%	68.00	-3.86	28.00	-23.75	76.00	0.00	-6.25	-22.13	90.00	14.00	37.00	-15.78	75.00	4.00	13.00	-26.51	74.00	-15.05	-11.72	-27.82	57.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.7%	769	763	750	741	788	776	766	740	761	741	711	695	719	702	680	698	847	867	841	829	760
Current Assets	1.0%	544	538	534	525	567	564	550	525	554	536	504	483	502	472	434	442	465	484	462	447	468
Cash Equivalents	30.4%	262	201	219	198	252	187	203	225	277	202	200	187	224	163	170	188	186	116	135	151	190
Inventory	-13.9%	148	172	181	195	186	215	215	180	160	171	183	170	153	177	173	178	171	201	201	178	165
Net PPE	-0.1%	19.00	19.00	20.00	19.00	19.00	18.00	18.00	18.00	19.00	19.00	20.00	21.00	22.00	24.00	26.00	27.00	29.00	29.00	28.00	26.00	26.00
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	135	132	136	136
Liabilities	-4.0%	250	260	246	247	277	292	290	276	284	281	271	263	289	308	302	324	317	343	337	335	259
Current Liabilities	-10.5%	113	126	122	116	142	166	160	138	151	145	135	115	128	133	109	94.00	109	137	127	112	113
Shareholder's Equity	3.7%	519	500	504	495	508	478	474	462	475	454	435	427	427	389	374	370	527	521	500	490	497
Retained Earnings	0.9%	470	466	456	456	477	462	440	424	414	388	361	346	342	314	299	305	455	457	443	431	431
Additional Paid-In Capital	1.1%	239	236	234	232	231	228	226	225	223	220	218	216	214	213	212	210	208	207	205	204	202
Shares Outstanding	-100.0%	-	22.00	22.00	22.00	23.00	22.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00
Minority Interest	-12.9%	2.00	2.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	3.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	-	-	-	-
Float	-	-	-	-	-	-	-	548	-	-	-	495	-	-	-	153	-	-	-	425	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	3835.7%	69,410	-1,858	30,723	-21,497	77,990	1,743	-4,640	-20,752	92,120	16,016	38,051	-15,373	75,116	4,670	14,205	-25,581	76,640	-11,976	-6,979	-25,615	59,324
Share Based Compensation	-1.9%	1,913	1,950	1,982	1,597	1,480	1,485	1,418	1,343	987	1,181	1,230	1,554	1,241	1,121	1,155	1,572	1,715	1,576	1,444	1,638	1,755
Cashflow From Investing	0.2%	-2,694	-2,699	-3,198	-2,883	-2,956	-2,267	-2,074	-3,253	-2,984	-3,011	-1,468	-451	-636	-604	342	-967	-3,392	-2,928	-4,780	-2,267	-7,633
Cashflow From Financing	13.7%	-8,995	-10,426	-7,893	-30,282	-13,399	-14,089	-14,957	-22,869	-12,622	-10,229	-23,960	-19,803	-16,766	-10,950	-37,179	30,512	-4,621	-4,615	-6,188	-8,441	-8,685
Dividend Payments	0.0%	7,747	7,749	7,749	29,901	7,763	7,803	7,857	7,940	5,747	4,608	4,656	6,962	-	-	-	-	4,602	4,600	4,600	4,600	4,614
Buy Backs	-60.0%	767	1,916	52.00	381	3,263	6,611	7,100	14,439	5,576	7,048	9,659	316	-	-	-	-	-	-	1,583	2,616	3,487

MOV Income Statement

2024-01-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Jan. 31, 2024

Jan. 31, 2023

Jan. 31, 2022

Income Statement [Abstract]

Net sales

^[1]

$ 672,601

$ 751,898

$ 732,393

Cost of sales

302,207

318,003

313,328

Gross profit

370,394

433,895

419,065

Selling, general and administrative

315,689

313,541

301,574

Operating income

^{[2],[3],[4],[5],[6]}

54,705

120,354

117,491

Non-operating income/(expense):

Other income, net (Note 17)

5,994

2,069

530

Interest expense

(497)

(518)

(688)

Income before income taxes

60,202

121,905

117,333

Provision for income taxes (Note 12)

12,661

24,882

24,774

Net income

47,541

97,023

92,559

Less: Net income attributable to noncontrolling interests

830

2,495

960

Net income attributable to Movado Group, Inc.

$ 46,711

$ 94,528

$ 91,599

Basic income per share:

Weighted basic average shares outstanding

22,221

22,504

23,190

Net income per share attributable to Movado Group, Inc.

$ 2.10

$ 4.20

$ 3.95

Diluted income per share:

Weighted diluted average shares outstanding

22,641

22,955

23,679

Net income per share attributable to Movado Group, Inc.

$ 2.06

$ 4.12

$ 3.87

[1]	The United States and International net sales are net of intercompany sales of $260.1million, $350.5 million and $358.9 million for the fiscal years ended January 31, 2024, 2023 and 2022, respectively.
[2]	Fiscal 2022 operating income in the United States locations and the International locations of the Watch and Accessory Brands segment included income of $0.1 million and $1.0 million, respectively, related to a reversal in certain corporate initiatives charges primarily due to a collection of a previously reserved receivable.
[3]	Fiscal 2024, 2023 and 2022 operating (loss)/income in the United States locations of the Watch and Accessory Brands segment included $0.3million, $0.3 million and $0.4 million, respectively, of expenses primarily related to the amortization of intangible assets and deferred compensation associated with the MVMT brand.
[4]	Fiscal 2024, 2023 and 2022 operating income in the International locations of the Watch and Accessory Brands segment included $1.8 million, $2.6 million and $2.9 million, respectively, of expenses primarily related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.
[5]	The International operating income included $71.5 million, $81.0 million and $80.5 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2024, 2023 and 2022, respectively.
[6]	The United States operating (loss)/income included $30.8 million, $37.0 million and $38.7 million of unallocated corporate expenses for the fiscal years ended January 31, 2024, 2023 and 2022, respectively.

MOV Balance Sheet

2024-01-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 262,059	$ 251,584
Trade receivables, net	104,472	94,282
Inventories	148,031	186,203
Other current assets	17,962	24,212
Income taxes receivable	11,354	10,908
Total current assets	543,878	567,189
Property, plant and equipment, net	19,436	18,699
Operating lease right-of-use assets	82,661	80,897
Deferred and non-current income taxes	43,016	44,490
Other intangibles, net	7,493	9,642
Other non-current assets	72,598	66,788
Total assets	769,082	787,705
Current liabilities:
Accounts payable	32,775	32,085
Accrued liabilities	38,695	46,720
Accrued payroll and benefits	7,591	17,343
Current operating lease liabilities	15,696	17,681
Income taxes payable	18,318	28,591
Total current liabilities	113,075	142,420
Deferred and non-current income taxes payable	8,234	15,163
Non-current operating lease liabilities	76,396	70,910
Other non-current liabilities	52,420	48,668
Total liabilities	250,125	277,161
Commitments and contingencies (Note 10)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued	0	0
Capital in excess of par value	239,062	230,782
Retained earnings	470,317	476,752
Accumulated other comprehensive income	92,335	81,295
Treasury Stock, 13,328,095 and 13,194,339 shares, respectively, at cost	(285,270)	(281,576)
Total Movado Group, Inc. shareholders' equity	516,798	507,606
Noncontrolling interest	2,159	2,938
Total equity	518,957	510,544
Total liabilities and equity	769,082	787,705
Common Stock Class Undefined
Equity:
Common Stock	290	288
Class A Common Stock
Equity:
Common Stock	$ 64	$ 65

About Movado Group Inc

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. Movado Group, Inc. was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. The company was founded in 1961 and is based in Paramus, New Jersey.

CEO	Mr. Efraim Grinberg
WEBSITE	movadogroup.com
INDUSTRY	Luxury Goods
EMPLOYEES	992

Movado Group Inc Frequently Asked Questions

What is the ticker symbol for Movado Group Inc? What does MOV stand for in stocks?

MOV is the stock ticker symbol of Movado Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Movado Group Inc (MOV)?

As of Mon Apr 15 2024, market cap of Movado Group Inc is 561.11 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MOV stock?

You can check MOV's fair value in chart for subscribers.

What is the fair value of MOV stock?

You can check MOV's fair value in chart for subscribers. The fair value of Movado Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Movado Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MOV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Movado Group Inc a good stock to buy?

The fair value guage provides a quick view whether MOV is over valued or under valued. Whether Movado Group Inc is cheap or expensive depends on the assumptions which impact Movado Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MOV.

What is Movado Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, MOV's PE ratio (Price to Earnings) is 12.01 and Price to Sales (PS) ratio is 0.83. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MOV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Movado Group Inc's stock?

In the past 10 years, Movado Group Inc has provided -0.034 (multiply by 100 for percentage) rate of return.