Published On: Wed, Oct 19th, 2016

Movado Group Inc. (NYSE:MOV) Latest Broker Views


A number of investment brokers have recently updated their price targets on shares of Movado Group Inc. (NYSE:MOV).

Most recent broker ratings

09/12/2016 – Movado Group Inc. had its “market perform” rating reiterated by analysts at Cowen. They now have a USD 24 price target on the stock.

04/18/2016 – Movado Group Inc. had its “sector weight” rating reiterated by analysts at Pacific Crest.

02/19/2016 – Sidoti began new coverage on Movado Group Inc. giving the company a “buy” rating. They now have a USD 34 price target on the stock.

11/26/2015 – Movado Group Inc. had its “hold” rating reiterated by analysts at Barrington Research.

04/30/2015 – Movado Group Inc. had its “strong-buy” rating reiterated by analysts at Zacks. They now have a USD 36 price target on the stock.

04/13/2015 – Movado Group Inc. had its “sector-weight” rating reiterated by analysts at KeyBanc.

11/14/2014 – Movado Group Inc. was downgraded to “neutral” by analysts at Dougherty & Co.

08/27/2014 – Movado Group Inc. was downgraded to “equal weight” by analysts at Stephens.

03/26/2014 – Movado Group Inc. had its “buy” rating reiterated by analysts at Brean Capital. They now have a USD 54 price target on the stock.

The share price of Movado Group Inc. (NYSE:MOV) was up +3.76% during the last day of trading, with a day high of 22.15. 89327 shares were traded during the last session.

The stock’s 50 day moving average is 21.77 and its 200 day moving average is 23.28. The stock’s market capitalization is 507.20M. Movado Group Inc. has a 52-week low of 19.14 and a 52-week high of 30.98.

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, department stores and independent jewelers. The Retail segment includes its retail outlet stores. The Company’s subsidiary, Movado Retail Group, Inc., operates approximately 40 outlet stores located in outlet centers across the United States. The Company divides its business into two geographic locations: the United States and International. It has international operations in Europe, the Americas (excluding the United States), the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.