Movado Group Inc. (NYSE:MOV) – Investment analysts at KeyCorp cut their Q4 2017 earnings per share estimates for shares of Movado Group in a research note issued on Tuesday. KeyCorp analyst E. Yruma now anticipates that the firm will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.24. KeyCorp also issued estimates for Movado Group’s Q4 2018 earnings at $0.22 EPS.
Other equities analysts have also recently issued research reports about the stock. Sidoti set a $34.00 target price on shares of Movado Group and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Movado Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Cowen and Company reissued a “market perform” rating and set a $24.00 target price on shares of Movado Group in a research 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.
Shares of Movado Group (NYSE:MOV) opened at 29.35 on Thursday. Movado Group has a 1-year low of $19.14 and a 1-year high of $30.98. The firm’s 50-day moving average price is $23.53 and its 200 day moving average price is $22.54. The company has a market capitalization of $673.58 million, a PE ratio of 17.54 and a beta of 0.36.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a $0.13 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.77%. Movado Group’s dividend payout ratio (DPR) is presently 32.10%.
Several large investors have recently bought and sold shares of MOV. BlackRock Fund Advisors boosted its stake in Movado Group by 1.1% in the first quarter. BlackRock Fund Advisors now owns 1,054,889 shares of the company’s stock worth $29,041,000 after buying an additional 11,921 shares during the period. First Midwest Bank Trust Division boosted its stake in Movado Group by 46.8% in the second quarter. First Midwest Bank Trust Division now owns 15,066 shares of the company’s stock worth $327,000 after buying an additional 4,801 shares during the period. Royce & Associates LP boosted its stake in Movado Group by 4.3% in the second quarter. Royce & Associates LP now owns 1,471,440 shares of the company’s stock worth $31,901,000 after buying an additional 60,693 shares during the period. New York State Teachers Retirement System boosted its stake in Movado Group by 0.5% in the second quarter. New York State Teachers Retirement System now owns 58,528 shares of the company’s stock worth $1,269,000 after buying an additional 300 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Movado Group by 31.0% in the second quarter. Systematic Financial Management LP now owns 75,296 shares of the company’s stock worth $1,632,000 after buying an additional 17,805 shares during the period. 63.09% of the stock is currently owned by institutional investors.
About Movado Group