Movado Group, Inc (NYSE:MOV) Plans $0.20 Quarterly Dividend

Movado Group, Inc (NYSE:MOV) announced a quarterly dividend on Tuesday, November 26th, Fidelity reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.20 per share on Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Thursday, December 5th.

Shares of Movado Group stock traded down $0.62 during midday trading on Tuesday, hitting $18.33. The company had a trading volume of 84,661 shares, compared to its average volume of 296,276. The company has a 50 day moving average of $24.63 and a 200 day moving average of $25.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.06 and a current ratio of 3.52. The stock has a market capitalization of $449.61 million, a P/E ratio of 6.87 and a beta of 0.48. Movado Group has a 52-week low of $18.78 and a 52-week high of $44.39.

Movado Group (NYSE:MOV) last issued its earnings results on Tuesday, November 26th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.21). The firm had revenue of $205.62 million during the quarter, compared to analysts’ expectations of $220.00 million. Movado Group had a return on equity of 9.73% and a net margin of 7.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Equities research analysts forecast that Movado Group will post 2.27 EPS for the current year.

Several equities research analysts recently weighed in on MOV shares. Cowen downgraded shares of Movado Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $40.00 to $22.00 in a research report on Thursday, August 29th. Zacks Investment Research lowered Movado Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 5th.

About Movado Group

Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.

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Dividend History for Movado Group (NYSE:MOV)

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