Revenue Update on Movado Group Inc(NYSE:MOV)

Movado Group Inc(NYSE:MOV) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during Pre-Market on Mar 20, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.22.

In a different note, On Jan 30, 2017, Sidoti & Co. said it Upgrades its rating on Movado Group Inc. The shares have been rated ‘Buy’ by the firm.

Movado Group Inc (MOV) shares turned negative on Wednesdays trading session with the shares closing down -0.9 points or -3.70% at a volume of 2,56,408. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.2. The peak price level was also seen at $24.2 while the days lowest was $23.1. Finally the shares closed at $23.45. The 52-week high of the shares is $31.95 while the 52-week low is $19.14. According to the latest information available, the market cap of the company is $538 M.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2016, Richard D Isserman (director) sold 4,295 shares at $31.32 per share price.Also, On Jun 13, 2016, Efraim Grinberg (CEO) purchased 5,000 shares at $19.62 per share price.On Apr 18, 2016, Alexander Grinberg (director 10% owner) sold 806 shares at $27.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Movado Group Inc. (Movado Group) is engaged in designing sourcing marketing and distributing watches. The Company operates through two business segments: Wholesale and Retail. The Company’s Wholesale segment includes the design development sourcing marketing and distribution of watches and after-sales service activities and shipping. The Company’s Retail segment includes the Company’s outlet stores. The Company has operations in United States Europe the Americas (excluding the United States) Asia and the Middle East. The Company’s 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.

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