Headlines about Movado Group (NYSE:MOV) have trended positive this week, according to AlphaOne Sentiment. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Movado Group earned a news impact score of 0.27 on AlphaOne’s scale. AlphaOne also assigned news headlines about the company an impact score of 84 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the near future.
Several brokerages have issued reports on MOV. Zacks Investment Research upgraded Movado Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Sidoti upgraded Movado Group from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Monday, January 30th. Cowen and Company decreased their price objective on Movado Group from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Monday, March 20th. Finally, TheStreet lowered Movado Group from a “b-” rating to a “c+” rating in a research note on Friday, March 10th.
Movado Group (NYSE:MOV) opened at 22.25 on Wednesday. The company has a market capitalization of $510.66 million, a price-to-earnings ratio of 14.74 and a beta of 0.47. The firm has a 50-day moving average price of $23.29 and a 200-day moving average price of $25.66. Movado Group has a 52 week low of $19.14 and a 52 week high of $31.95.
Movado Group (NYSE:MOV) last posted its earnings results on Monday, March 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. Movado Group had a return on equity of 8.97% and a net margin of 6.67%. The firm had revenue of $130.80 million for the quarter, compared to analysts’ expectations of $137.11 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s revenue was down 8.7% compared to the same quarter last year. Analysts anticipate that Movado Group will post $1.43 EPS for the current fiscal year.
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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 and department stores, as well as independent jewelers.
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