Movado Group, Inc. (MOV)
Movado Group, Inc. operates in the Luxury Goods industry of the Consumer Cyclical sector, headquartered in Paramus, NJ, US. The stock last traded at $34.96, up 0.66% on the session, giving a market capitalisation of $551.4M. On trailing twelve-month figures it carries a trailing P/E of 24.79, a net margin of 4.7%. Its beta of 0.96 implies it has historically moved less than the broad market.
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company’s customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors’ retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1881 and is headquartered in Paramus, New Jersey.
Movado Group, Inc. is most often compared with the following Consumer Cyclical names: