Aankondiging • Jun 29
Movado Group, Inc.(NYSE:MOV) dropped from Russell 2000 Dynamic Index Movado Group, Inc.(NYSE:MOV) dropped from Russell 2000 Dynamic Index Buy Or Sell Opportunity • Jun 10
Now 22% undervalued Over the last 90 days, the stock has risen 57% to €31.00. The fair value is estimated to be €39.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 1.0% in a year. Earnings are forecast to grow by 37% in the next year. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €31.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.85 per share. Declared Dividend • May 31
First quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 10th June 2026 Payment date: 24th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.8% to bring the payout ratio under control. EPS is expected to grow by 16% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 27
First quarter 2027 earnings released: EPS: US$0.30 (vs US$0.064 in 1Q 2026) First quarter 2027 results: EPS: US$0.30 (up from US$0.064 in 1Q 2026). Revenue: US$142.4m (up 8.1% from 1Q 2026). Net income: US$6.93m (up 388% from 1Q 2026). Profit margin: 4.9% (up from 1.1% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Maya Peterson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 20
Movado Group, Inc. to Report Q1, 2027 Results on May 27, 2026 Movado Group, Inc. announced that they will report Q1, 2027 results Pre-Market on May 27, 2026 Aankondiging • May 07
Movado Group, Inc., Annual General Meeting, Jun 17, 2026 Movado Group, Inc., Annual General Meeting, Jun 17, 2026. Aankondiging • Mar 28
Movado Group, Inc. Unveils New Women’s Watch And Jewelry Collections Movado celebrated the launch of its newest women's collections on March 25, at King Restaurant in Soho, honoring the brand's legacy of designing for women since 1881. Editors, tastemakers, and friends of the brand gathered for a seated lunch where the new collections were unveiled alongside original vintage pieces from Movado's archives. The event marked the debut of three new feminine watch collections and the official launch of Curve, Movado's newest jewelry collection. Curve draws inspiration from nature's fluid lines and organic movement, capturing the essence of the brand's name Movado, meaning "always in motion" in Esperanto. The jewelry collection presents an assortment of rings, earrings, bracelets, and necklaces rendered in 18K gold vermeil over a durable 925 sterling-silver base. Designed with continuous, wave-like contours, the pieces create an elegant sense of motion and offer silhouettes designed for effortless stacking and layering. The Museum Bangle, Heritage 1917, and Museum Velura watch collections are inspired by original archival pieces that honor the brand's rich heritage and longtime commitment to designing for women. Aankondiging • Mar 19
Movado Group, Inc. Declares Cash Dividend, Payable on April 16, 2026 Movado Group, Inc. announced on March 19, 2026, that the Board of Directors approved the payment on April 16, 2026, of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on April 2, 2026. Aankondiging • Mar 12
Movado Group, Inc. to Report Q4, 2026 Results on Mar 19, 2026 Movado Group, Inc. announced that they will report Q4, 2026 results at 9:00 AM, US Eastern Standard Time on Mar 19, 2026 Aankondiging • Nov 25
Movado Group, Inc. Approves Cash Dividend, Payable on December 22, 2025 Movado Group, Inc. announced that on November 25, 2025, the Board of Directors approved the payment on December 22, 2025 of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on December 8, 2025. Aankondiging • Nov 18
Movado Group, Inc. to Report Q3, 2026 Results on Nov 25, 2025 Movado Group, Inc. announced that they will report Q3, 2026 results Pre-Market on Nov 25, 2025 Aankondiging • Aug 28
Movado Group, Inc. Announces Cash Dividend, Payable on September 22, 2025 Movado Group, Inc. announced that on August 28, 2025, the board of directors declared the payment on September 22, 2025 of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on September 8, 2025. Aankondiging • Aug 21
Movado Group, Inc. to Report Q2, 2026 Results on Aug 28, 2025 Movado Group, Inc. announced that they will report Q2, 2026 results at 9:30 AM, US Eastern Standard Time on Aug 28, 2025 Aankondiging • May 22
Movado Group, Inc. to Report Q1, 2026 Results on May 29, 2025 Movado Group, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 29, 2025 Aankondiging • May 08
Movado Group, Inc., Annual General Meeting, Jun 18, 2025 Movado Group, Inc., Annual General Meeting, Jun 18, 2025. Aankondiging • Jan 17
Movado Partners with Derrick Adams to Unveil New Artist Series Collection Movado Group, Inc. announced its new Artist Series collaboration with Derrick Adams, a multidisciplinary artist, and one of the leading black artists of the 21st century. This collaboration celebrates the Black experience, employing vibrant and joyous colors by pairing iconic design with contemporary cubism. Adams has held several solo exhibitions at institutions across the country, including The Cleveland Museum of Art, The Momentary, Crystal Bridges Museum of American Art, Hudson River Museum, and the Museum of Arts and Design. Movado's Artist Series reflects four decades of collaborations with world renowned artists, including Andy Warhol, James Rosenquist, and Carmen Herrera, to craft curated collections that represent wearable works of art. For this collaboration, Movado will feature a limited-edition collection that pairs Derrick Adams' vibrant pieces and singular style with Movado's iconic Museum Dial- - translating his strong command of texture and passion for color onto each piece. Within the Artist Series, the resulting designs are true collectors items - watches as wearable art and gallery-worthy wall clocks. The exclusive Derrick Adams X Movado limited edition collection includes five watches in the series with 125 pieces of each design including a total of 25 collectors sets. All watches are individually numbered on the caseback. This is the first time Movado and an artist have designed a clock in an Artist Series collaboration. Two of the five watch designs were transformed into a wall clock; 125 of each clock are available for purchase. Five collectors sets and 20 of each of the wall clocks were donated to the Studio Museum of Harlem by Derrick Adams and Movado. Aankondiging • Dec 05
Movado Group, Inc. (NYSE:MOV) announces an Equity Buyback for $50 million worth of its shares. Movado Group, Inc. (NYSE:MOV) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its outstanding shares. The program will expire on December 5, 2027, subject to extension or earlier termination by the board of directors. Aankondiging • Nov 26
Movado Group, Inc. to Report Q3, 2025 Results on Dec 05, 2024 Movado Group, Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 05, 2024 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €16.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 29% over the past three years. Declared Dividend • Sep 09
Second quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 7.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 06
Second quarter 2025 earnings released: EPS: US$0.16 (vs US$0.36 in 2Q 2024) Second quarter 2025 results: EPS: US$0.16 (down from US$0.36 in 2Q 2024). Revenue: US$159.3m (flat on 2Q 2024). Net income: US$3.72m (down 54% from 2Q 2024). Profit margin: 2.3% (down from 5.0% in 2Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 29
Movado Group, Inc. to Report Q2, 2025 Results on Sep 05, 2024 Movado Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Sep 05, 2024 Reported Earnings • Jun 04
First quarter 2025 earnings released: EPS: US$0.13 (vs US$0.41 in 1Q 2024) First quarter 2025 results: EPS: US$0.13 (down from US$0.41 in 1Q 2024). Revenue: US$136.7m (down 5.7% from 1Q 2024). Net income: US$2.89m (down 68% from 1Q 2024). Profit margin: 2.1% (down from 6.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Jun 02
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 12th June 2024 Payment date: 26th June 2024 Dividend yield will be 5.6%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 25
Movado Group, Inc. to Report Q1, 2025 Results on May 30, 2024 Movado Group, Inc. announced that they will report Q1, 2025 results Pre-Market on May 30, 2024 Aankondiging • May 12
Movado Group, Inc., Annual General Meeting, Jun 20, 2024 Movado Group, Inc., Annual General Meeting, Jun 20, 2024. Aankondiging • Apr 03
Movado Group, Inc. Announces Appointment of Debbie Forman-Pavan as President of North America Sales Movado Group, Inc. announced the appointment of Debbie Forman-Pavan to President of North America Sales. In this role, Ms. Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business. Ms. Forman-Pavan is assuming this role from Alan Chinich, who has announced his retirement after nineteen years with the Company. Mr. Chinich will remain as an advisor to support the transition until his retirement at the beginning of July. With decades of experience, Ms. Forman-Pavan’s strategic vision and deep understanding of consumer dynamics has helped her successfully optimize distribution channels, forge key partnerships, and grow some of the world’s premier brands across North America. Most recently, Ms. Forman-Pavan served as Chief Commercial Officer for the Fashion and Performance Division at Renfro Brands, where she managed multiple hosiery businesses, including the company’s Ralph Lauren business. Previously, Ms. Forman-Pavan was an Executive Vice President of the Accessories Division for Global Brands Group, where she spearheaded growth and profit for global lifestyle brands including Michael Kors, Calvin Klein, Kate Spade and more. Ms. Forman-Pavan has also held a variety of leadership roles with notable companies including LVMH and Salvatore Ferragamo. Declared Dividend • Mar 28
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 8th April 2024 Payment date: 23rd April 2024 Dividend yield will be 5.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: US$2.06 (vs US$4.20 in FY 2023) Full year 2024 results: EPS: US$2.06 (down from US$4.20 in FY 2023). Revenue: US$672.6m (down 11% from FY 2023). Net income: US$46.7m (down 51% from FY 2023). Profit margin: 6.9% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 20
Movado Group, Inc. to Report Q4, 2024 Results on Mar 26, 2024 Movado Group, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 26, 2024 Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: US$0.77 (vs US$1.31 in 3Q 2023) Third quarter 2024 results: EPS: US$0.77 (down from US$1.31 in 3Q 2023). Revenue: US$187.7m (down 11% from 3Q 2023). Net income: US$17.4m (down 41% from 3Q 2023). Profit margin: 9.3% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 22
Movado Group, Inc. to Report Q3, 2024 Results on Nov 30, 2023 Movado Group, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 30, 2023 Upcoming Dividend • Aug 30
Upcoming dividend of US$0.35 per share at 5.2% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (0.7%). Aankondiging • Aug 18
Movado Group, Inc. to Report Q2, 2024 Results on Aug 24, 2023 Movado Group, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 24, 2023 Upcoming Dividend • May 30
Upcoming dividend of US$0.35 per share at 5.4% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.9%). Reported Earnings • May 26
First quarter 2024 earnings released: EPS: US$0.40 (vs US$0.81 in 1Q 2023) First quarter 2024 results: EPS: US$0.40 (down from US$0.81 in 1Q 2023). Revenue: US$144.9m (down 11% from 1Q 2023). Net income: US$9.13m (down 51% from 1Q 2023). Profit margin: 6.3% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Aankondiging • May 19
Movado Group, Inc. to Report Q1, 2024 Results on May 25, 2023 Movado Group, Inc. announced that they will report Q1, 2024 results Pre-Market on May 25, 2023 Aankondiging • May 12
Movado Group, Inc., Annual General Meeting, Jun 22, 2023 Movado Group, Inc., Annual General Meeting, Jun 22, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider the election of eight directors to serve on the Board of Directors; to consider the ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2024; to consider the approval, on an advisory basis, of the compensation of the Company’s named executive officers, as described in the proxy statement under “Executive Compensation; to consider the selection, on an advisory basis, of the frequency of the advisory shareholder vote on the compensation of the Company’s named executive officers; and to consider the approval of the 1996 Stock Incentive Plan, as amended and restated, effective April 4, 2023. Aankondiging • May 04
Movado Group, Inc. Announces Executive Changes Movado Group, Inc. announced the appointment of Michelle Kennedy to Senior Vice President, Human Resources, effective immediately. In this role, Ms. Kennedy will be responsible for the Company's global human resources strategy and operations; talent management, including recruitment and leadership development; and compensation and benefits. Previously, the position was held by Vivian DElia, who has been with Movado Group for close to 30 years, and will remain with the Company as an advisor to support the transition until her retirement at the beginning of July. Most recently, Ms. Kennedy served as Williams-Sonomas Senior Vice President of HR with a focus on Talent Organizational Development, Internal communications and retail operations and was with the company for 12 years. Previously, Ms. Kennedy spent six years at Ralph Lauren, where she rose to Vice President of Human Resources, followed by six years as Vice President of HR at Christian Dior, where she led all HR functions for the U.S., Canada, Mexico, and South America and supported Christian Diors expansion into the U.K. Its an honor to join Movado Group, a company with iconic, global brands and an incredibly rich history, said Michelle Kennedy. I look forward to working closely with Efraim and the entire Movado Group team as we continue to prioritize talent development and retention while building on our legacy of creating the best brands in the industry. Ms. Kennedy joined the Retail Management Institute Advisory Board in 2023 and was a Committee Member for the Landmark Society of New York, New York for 5 years. Ms. Kennedy earned her B.A. in Political Science and Government from Miami University. Upcoming Dividend • Mar 28
Upcoming dividend of US$1.35 per share at 4.9% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.9%). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: US$4.20 (vs US$3.95 in FY 2022) Full year 2023 results: EPS: US$4.20 (up from US$3.95 in FY 2022). Revenue: US$751.9m (up 2.7% from FY 2022). Net income: US$94.5m (up 3.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 15
Movado Group, Inc. Announces Promotion of Margot Grinberg to President of the Movado Brand and SVP of E-Commerce Movado Group, Inc. announced the promotion of Margot Grinberg to President of the Movado Brand and SVP of E-Commerce, from Vice President of E-Commerce, Merchandising and Digital Marketing. Alan Chinich, who has held the position of Movado Brand President and President of the North American region for Movado Group, will continue to lead the North American region for all of the company’s brands. In her new role, Ms. Grinberg will oversee the day-to-day management of Movado Brand merchandising and marketing, as well as the development and execution of the long and short-term growth strategies for the brand. Additionally, Ms. Grinberg will maintain responsibility for E-Commerce sales for the Movado Brand, Movado Company Stores, Olivia Burton and North American online marketplaces, and will report directly to Behzad Soltani, Commercial President and CTO, Movado Group. Since joining Movado Group, Inc. in 2014 as a Merchandise Analyst, Ms. Grinberg has held a variety of roles and most recently served as the Vice President of E- Commerce, Merchandising and Digital Marketing. As a key leader of the brand’s Digital Center of Excellence, Movado.com has grown significantly through her dedication, strategic plans and expertise. As a senior marketing executive with expertise in bringing global and omnichannel marketing strategies to life across a diverse portfolio of brands, Ms. Grinberg was recognized by the Women in Retail Leadership Circle as a ‘Top Woman on the Rise’ for her exceptional leadership and business acumen. Prior to joining Movado Group, Ms. Grinberg began her career at Barclays Corporate & Investment Bank as a technology, media and telecom analyst. Recent Insider Transactions • Jan 10
Independent Director recently sold €161k worth of stock On the 5th of January, Ann Kirschner sold around 5k shares on-market at roughly €32.19 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €471k more than they bought in the last 12 months. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: US$1.29 (vs US$1.36 in 3Q 2022) Third quarter 2023 results: EPS: US$1.29 (down from US$1.36 in 3Q 2022). Revenue: US$211.4m (down 2.9% from 3Q 2022). Net income: US$29.3m (down 6.7% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Maya Peterson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 16
Movado Group, Inc. to Report Q3, 2023 Results on Nov 22, 2022 Movado Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 22, 2022 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 15% share price gain to €33.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Luxury industry in Germany. Total returns to shareholders of 64% over the past three years. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: US$1.05 (vs US$0.83 in 2Q 2022) Second quarter 2023 results: EPS: US$1.05 (up from US$0.83 in 2Q 2022). Revenue: US$182.8m (up 5.1% from 2Q 2022). Net income: US$24.0m (up 24% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 13% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 19
Movado Group, Inc. to Report Q2, 2023 Results on Aug 25, 2022 Movado Group, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 25, 2022 Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Maya Peterson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Maya Peterson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 31
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.6%). Reported Earnings • May 27
First quarter 2023 earnings released: EPS: US$0.79 (vs US$0.40 in 1Q 2022) First quarter 2023 results: EPS: US$0.79 (up from US$0.40 in 1Q 2022). Revenue: US$163.4m (up 21% from 1Q 2022). Net income: US$18.5m (up 97% from 1Q 2022). Profit margin: 11% (up from 7.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.2%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • May 20
Movado Group, Inc. to Report Q1, 2023 Results on May 26, 2022 Movado Group, Inc. announced that they will report Q1, 2023 results Pre-Market on May 26, 2022 Aankondiging • May 13
Movado Group, Inc., Annual General Meeting, Jun 23, 2022 Movado Group, Inc., Annual General Meeting, Jun 23, 2022, at 10:00 US Eastern Standard Time. Agenda: To elect eight directors to serve on the Board of Directors until the next Annual Meeting and until their successors are elected and qualified; to ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2023; to approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the proxy statement under Executive Compensation; to approve the Deferred Compensation Plan, as described in the proxy statement under Approval of an Amendment and Restatement of the Deferred Compensation Plan for Executives; and to consider other matters. Aankondiging • May 05
Movado Group Appoints Stéphane Gerschel as Chief Marketing Officer Movado Group, Inc. announced the appointment of Stéphane Gerschel as the Company’s Chief Marketing Officer, effective April 18, 2022. As CMO, Mr. Gerschel will leverage his expertise in global marketing to drive awareness and interest for the Company’s portfolio of compelling brands with a focus on maximizing the strength of its Movado brand around the world. Previously, Mr. Gerschel held positions of leadership at several luxury brands. Most recently, he served as the Global Brand Managing Director for Pomellato at the Kering Group in Milan. The Chief Marketing Officer position at Movado Group had been vacant since the sad passing of its long-time marketing executive, Mary Leach, from cancer in February 2021. Recent Insider Transactions • Apr 16
Independent Director recently sold €174k worth of stock On the 12th of April, Richard Isserman sold around 5k shares on-market at roughly €34.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Recent Insider Transactions • Apr 07
Independent Director recently sold €136k worth of stock On the 4th of April, Ann Kirschner sold around 4k shares on-market at roughly €35.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 05 April 2022. Payment date: 20 April 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (3.8%). Higher than average of industry peers (1.5%). Aankondiging • Mar 23
Movado Group, Inc. to Report Q4, 2022 Results on Mar 24, 2022 Movado Group, Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 24, 2022 Aankondiging • Feb 24
Movado Group, Inc. Launches Calvin Klein, Inc. Spring-Summer 2022 Watch and Jewelry Collection Worldwide Movado Group, Inc. announced the worldwide launch of its Spring-Summer 2022 collection of watches and jewelry in collaboration with renowned global fashion lifestyle brand Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. marking the brand’s first license under Movado Group. The collection is available globally at popular retail locations and online, including Calvin Klein stores. The new collection of high-quality watches and jewelry was created with the modern customer in mind, featuring a timeless, minimalist design that highlights Calvin Klein’s world-recognized aesthetic and draws on the brand’s renowned sensual and edgy DNA. Recent Insider Transactions • Jan 04
Chairman & CEO recently sold €595k worth of stock On the 3rd of January, Efraim Grinberg sold around 16k shares on-market at roughly €37.44 per share. In the last 3 months, they made an even bigger sale worth €698k. Efraim has been a seller over the last 12 months, reducing personal holdings by €2.4m. Recent Insider Transactions • Dec 08
Chairman & CEO recently sold €698k worth of stock On the 6th of December, Efraim Grinberg sold around 19k shares on-market at roughly €37.74 per share. This was the largest sale by an insider in the last 3 months. Efraim has been a seller over the last 12 months, reducing personal holdings by €700k. Recent Insider Transactions • Nov 30
Executive VP recently sold €288k worth of stock On the 24th of November, Behzad Soltani sold around 7k shares on-market at roughly €39.98 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €874k more than they bought in the last 12 months. Reported Earnings • Nov 24
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$1.36 (up from US$0.64 in 3Q 2021). Revenue: US$217.7m (up 28% from 3Q 2021). Net income: US$31.4m (up 112% from 3Q 2021). Profit margin: 14% (up from 8.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 7.6%, compared to a 4.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Ann Kirschner was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 31
Lead Independent Director recently sold €68k worth of stock On the 30th of August, Alan Howard sold around 2k shares on-market at roughly €32.20 per share. In the last 3 months, they made an even bigger sale worth €139k. Insiders have been net sellers, collectively disposing of €586k more than they bought in the last 12 months. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 22 September 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS US$0.83 (vs US$0.28 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$173.9m (up 96% from 2Q 2021). Net income: US$19.4m (up US$26.0m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 27
Movado Group, Inc. Revises Earnings Guidance for the Fiscal 2022 Movado Group, Inc. revised earnings guidance for the fiscal 2022. The Company is increasing its outlook and currently expects fiscal 2022 net sales in a range of approximately $680 million to $695 million, operating profit in a range of 13.0% to 13.5% of net sales and diluted earnings per share of approximately $2.75 to $2.90. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 16% share price gain to €29.60, the stock trades at a trailing P/E ratio of 17.9x. Average forward P/E is 26x in the Luxury industry in Germany. Total loss to shareholders of 12% over the past three years. 
