Movado Group Inc Stock News

Movado Group, Inc. (MOV) CEO Efraim Grinberg on Q3 2022 Results - Earning Calls Transcript

(RTTNews) - Luxury watch maker Movado Group, Inc. (MOV) reported Tuesday that its third-quarter net income was $31.4 million or $1.33 per share, higher than last year''s $14.8 million or $0.63 per share. Adjusted net income was $32.1 million or $1.36 per share, compared to $16.4 million or $0.70 per share a year ago. Net sales increased 28.

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine month results for the period ended October 31, 2021. Efraim Grinberg, Chairman and Chief Executive Officer, stated, We are very pleased to report record third quarter results that continued our positive momentum from the first half of the year, highlighted by sales growth of 28%, gross margin expansion of 330 basis points and a nearly 80% increase in operating income. I am proud of our teams

Movado Group (NYSE:MOV) will release its earnings data before the market opens on Tuesday, November 23rd. Analysts expect Movado Group to post earnings of $0.70 per share for the quarter. Persons that are interested in participating in the companys earnings conference call can do so using this link. Movado Group (NYSE:MOV) last issued its quarterly []

Shares of Movado Group, Inc. (NYSE:MOV) rose 4.3% during mid-day trading on Thursday . The company traded as high as $38.87 and last traded at $38.87. Approximately 1,299 shares were traded during trading, a decline of 99% from the average daily volume of 131,740 shares. The stock had previously closed at $37.27. MOV has been []

Confluence Investment Management LLC trimmed its holdings in shares of Movado Group, Inc. (NYSE:MOV) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 288,167 shares of the companys stock after selling 7,797 shares during the period. Confluence Investment Management LLC owned approximately 1.25% []

We believe that as the top percentile are to continue being wealthy, they will be able to afford more luxury watches. Global watchmakers such as Rolex have begun limiting their manufacturing quantitie

AHH, FUNC, MOV, and OVV made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 12, 2021.

WLK, MOV, OVV, PBR, and FERG have been added to the Zacks Rank #1 (Strong Buy) List on October 12, 2021.

In this week's review, we look at two commodity companies that the market has mispriced. We also review a luxury goods maker trading at a substantial discount to the market.

MOV, AAWW, PBH, and FCBC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 31, 2021.

GDP, HPQ, MOV, TTMI, and UFI have been added to the Zacks Rank #1 (Strong Buy) List on August 31, 2021.

Huge Revenue and EPS beat for Q2, full-year revenue guidance raised, positive outlook. Strong balance sheet with 23% net cash [zero debt] of the market cap.