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MOV

Movado Group, Inc.

6/20/2013, 2:58 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 29, 8:41 AM More on Movado's (MOV) Q1: Operating income and revenue grow 18% and 6.1% respectively while margins fall 240 basis points as favorable currency impacts weren't enough to offset changes in the product mix. The company reiterates FY14 guidance of $1.80/share on sales of $570-575M (~12% top line growth), largely in line with consensus. Shares +7.56% premarket. (PR) 1 Comment [Consumer, Earnings, On the Move]
Wednesday, May 29, 7:12 AM Movado Group (MOV): Q1 EPS of $0.32 beats by $0.10. Revenue of $110M. (PR) Comment! [Earnings, Breaking News, Consumer]
Thursday, March 21, 1:39 PM Shares of Movado (MOV -7.8%) get tripped up by profit guidance from the watch company which came in on the disappointing side. Weak data on Swiss watch exports to Asia could also be helping to tip sentiment. Comment! [Consumer, On the Move]
Thursday, March 21, 7:06 AM Movado Group (MOV): Q4 Adj. EPS of $0.41 beats by $0.15. Adj. Revenue of $128.5M (+7.6% Y/Y) beats by $0.2M. (PR) Comment! [Earnings, Breaking News]
Friday, January 18, 12:45 PM Midday top 10 gainers: GFED +19%. DOM +12%. BTUI +11%. LIFE +11%. ONP +10%. ZA +10%. SGOC +9%. DQ +9%. MOV +9%. PRTS +9%.
Midday top 10 Losers: TELOZ -10%. HMNY -10%. TESS -9%. VOC -9%. COF -8%. CTC -8%. SINO -8%. TSRX -7%. BOSC -7%. FNSR -7%. Comment! [On the Move]
Thursday, November 29, 2012, 7:27 AM Luxury stocks could trade with some apprehension after Tiffany (TIF) misses the profit estimates of analysts by a wide margin and guided its expectations for FY12 lower. Though higher precious metal costs are particular to the company, the sluggish demand in U.S. and Europe for high-end products could be systemic to the sector. On watch: Fossil (FOSL), Coach (COH), Ralph Lauren (RL), Movado (MOV). Comment! [Consumer]
Wednesday, November 28, 2012, 7:22 AM More on Movado Group's (MOV) Q3: The watch maker notes it saw good response to new assortments introduced late in the quarter and is well-positioned for the holiday shopping season. In the past quarter, SG&A expenses increased 5.7% Y/Y to $65M. In FY13, the company expects net sales to increase 10% to $510M and operating income to come in at $57M - up from prior guidance of $49M-$50M. (PR) Comment! [Consumer, Earnings]
Wednesday, November 28, 2012, 7:08 AM Movado Group (MOV) declares $0.05/share quarterly dividend, in line with previous. Forward yield 0.62%. For shareholders of record Dec 10. Payable Dec 21. Ex-div date Dec 06. Additionally, the board declares special dividend of $0.75/share payable with regular dividend. (PR) Comment! [Dividends]
Wednesday, November 28, 2012, 7:06 AM Movado Group (MOV): Q3 EPS of $0.67 beats by $0.06. Revenue of $160.2M (+12.3% Y/Y) beats by $5M. (PR) Comment! [Earnings, Consumer]
Tuesday, September 11, 2012, 6:45 AM Luxury stocks are back in focus after Brean Murray downgrades shares of Coach (COH) to Hold from Buy on a valuation call and British firm Burberry (BURBY.PK) issues a significant profit warning. On watch: RL, KORS, FOSL, MOV. Comment! [Consumer, Global & FX]
Tuesday, August 28, 2012, 9:10 AM Premarket gainers: SBX +33%. MOV +15%. CYBX +9%. PVH +5%. MCP +5%.
Losers: CPRX -22%. Comment! [On the Move]
Tuesday, August 28, 2012, 7:03 AM Movado Group (MOV): Q2 EPS of $0.32 beats by $0.14. Revenue of $118M (+4.2% Y/Y) misses by $4M. (PR) Comment! [Earnings, Consumer]
Tuesday, August 7, 2012, 8:34 AM Luxury names get a boost after Fossil (FOSL) knocks out an earnings beat with its Q2 report. Though guidance was trimmed a bit by the fashion accessory retailer, broad revenue gains and a welcomed lack of any dire Europe warnings is helping to boost sentiment. Premarket luxury gainers: Movado Group (MOV) +1.1%, Coach (COH) +1.9%, Ralph Lauren (RL) +1.3%. 2 Comments [Consumer, On the Move]
Thursday, May 31, 2012, 7:34 AM Movado Group (MOV): Q1 EPS of $0.26 beats by $0.02. Revenue of $103.7M (+15.4% Y/Y) beats by $7M. (PR) Comment! [Earnings, Consumer]
Wednesday, May 23, 2012, 12:59 PM Movado Group (MOV +8.7%) raises its full-year guidance, saying it expects Q1 profit to soar on a double-digit increase in sales of its accessible luxury and licensed brand categories. It now expects to earn around $29M - $29.7M, or $1.15 per share, compared with previous guidance of $27M - $28M, or $1.10 per share. Sales are expected to increase around 9% to $505M - $510M, up from prior estimates of $500M - $505M. Comment! [Earnings, On the Move]
Wednesday, May 9, 2012, 4:54 PM The big move higher in Zillow (Z) over the past 2 weeks takes on a bit more interest with the disclosure Stevie Cohen's SAC Capital has accumulated a 5% stake in the company. The hedge fund has also increased positions or taken new stakes in Sequenom (SQNM), Western Refining (WNR), YELP, and Walter Energy (WLT), among others. 1 Comment [Tech]