Movado Group, Inc. Announces Record Third Quarter Results; Increases Annual Outlook

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Go back to Movado Group, Inc. Announces Record Third Quarter Results; Increases Annual Outlook

Movado Group Inc. (MOV) PT Raised to $48 at Cowen

November 24, 2021 7:13 AM EST

Cowen analyst Oliver Chen raised the price target on Movado Group Inc. (NYSE: MOV) to $48.00 (from $35.00) while maintaining a Market Perform rating.

The analyst commented, "MOV reported 3Q22 EPS of $1.36, ahead of our estimate of $1.01, on better than expected revenue (+5.9% y/y2),... More

Movado Group (MOV) Raises Quarterly Dividend 25% to $0.25; 2.5% Yield

November 23, 2021 6:49 AM EST

Movado Group (NYSE: MOV) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 25% increase from the prior dividend of $0.20.

The dividend will be payable on December 17, 2021, to stockholders of record on December 3, 2021, with an ex-dividend date of December 2,... More

Movado Group (MOV) Tops Q3 EPS by 35c; Raises Outlook, Dividend and Buyback

November 23, 2021 6:48 AM EST

Movado Group (NYSE: MOV) reported Q3 EPS of $1.36, $0.35 better than the analyst estimate of $1.01. Revenue for the quarter came in at $217.7 million versus the consensus estimate of $211 million.

GUIDANCE:

Movado Group sees FY2022 EPS of $3.35-$3.45, versus the consensus of $2.95. Movado Group sees FY2022 revenue of $715-720 million, versus the consensus of $716.2 million.

The Company announced today that the Board of Directors approved a 25%... More