Movado (MOV)

Movado Group, Inc. designs, sources and distributes MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, LACOSTE® and SCUDERIA FERRARI® watches worldwide and operates Movado company stores in the United States and Canada.

Company profile

Ticker

MOV, MOVAA

Exchange

OTC

Website

www.movadogroup.com

CEO

Efraim Grinberg

Incorporated

New York

Location

New Jersey

Fiscal year end

Jan 31

Sector

Manufacturing > Other Measuring and Controlling Device Manufacturing

Industry (SIC)

Watches, Clocks, Clockwork Operated Devices/Parts

Fossil ...

SEC CIK

0000072573

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

MGDL Distribution Pty Ltd • Movado Group of Canada Inc. • MGI Luxury Trading (Shanghai) Co., Ltd. • Movado Group Delaware Holdings Corporation • Movado LLC • Movado Group France S.A.S. • Movado Group • SwissAm Products Ltd. • MGI Distribution Pte Ltd. • MGI Distribución, S de R.L. de C.V. ...

IRS number

132595932

MOV stock data

1M 1Y 5Y

News

From Benzinga Pro

Movado Group's Return On Capital Employed Insights

23 Jun 22

Pulled from Benzinga Pro data, Movado Group (NYSE:MOV) posted Q1 earnings of $19.25 million, an increase from Q4 of 39.09%. Sales dropped to $163.42 million, a 20.66% decrease between quarters.

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27 May 22

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26 May 22

Recap: Movado Group Q1 Earnings

26 May 22

Movado Group Q1 EPS $0.82 Beats $0.46 Estimate, Sales $163.40M Beat $144.00M Estimate

26 May 22

Press releases

From Benzinga Pro

Movado Group, Inc. Announces First Quarter Fiscal 2023 Results

26 May 22

~ Net Sales Increase 21.2% to $163.4 million ~ ~ Gross Margin Expansion of 420 bps vs. Prior Year Period ~ ~ EPS of $0.79 and Adjusted EPS of $0.82 ~ ~ Board Approves Quarterly Dividend of $0.35 Per Share ~ Movado

Movado Group Publishes 2022 Corporate Responsibility Report

25 May 22

Report Details The Company's Commitment To Strengthen People, Products, Planet, and Communities Movado Group, Inc. (NYSE:MOV) has published its 2022 Corporate Responsibility report. The report details the evolution of

Movado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal 2023 Results

19 May 22

Movado Group, Inc. (NYSE:MOV) invites investors to listen to a broadcast of the Company's conference call to discuss first quarter fiscal 2023 earnings results on Thursday, May 26, 2022 at 9:00 a.m. Eastern Time. A

Calendar

26 May 22

9 Aug 22

31 Jan 23

Financial summary

Financial statements Chart MOV financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	225.82M	225.82M	225.82M	225.82M	225.82M	225.82M
Cash burn (monthly)	17.3M	(no burn)	(no burn)	(no burn)	6.92M	(no burn)
Cash used (since last report)	57.79M	n/a	n/a	n/a	23.11M	n/a
Cash remaining	168.02M	n/a	n/a	n/a	202.71M	n/a
Runway (months of cash)	9.7	n/a	n/a	n/a	29.3	n/a

Beta Read what these cash burn values mean

Financial data from Movado earnings reports.

Recent insider trades

MOV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
30 Jun 22	DElia Vivian	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	119.94	4,761.33
30 Jun 22	Demarsilis Sallie A	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	112.63	2,928.29
30 Jun 22	Grinberg Alexander	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	29.59	2,303.98
30 Jun 22	Sussis Mitchell Cole	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	36.4	829.62
30 Jun 22	Behzad Soltani	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	102.97	741.32

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MOV institutional ownership history Ownership history

1.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	168	174	-3.4%
Opened positions	18	36	-50.0%
Closed positions	24	16	+50.0%
Increased positions	57	51	+11.8%
Reduced positions	62	60	+3.3%

13F shares	Current	Prev Q	Change
Total value	583.26M	1.28B	-54.3%
Total shares	14.96M	14.81M	+1.0%
Total puts	15.9K	14.5K	+9.7%
Total calls	26.8K	8.9K	+201.1%
Total put/call ratio	0.6	1.6	-63.6%

Largest owners	Shares	Value	Change
BLK Blackrock	2.55M	$99.72M	+0.0%
Vanguard	1.22M	$47.64M	+0.6%
Dimensional Fund Advisors	1.15M	$44.92M	+3.0%
Royce & Associates	1.05M	$40.99M	+4.4%
AMP Ameriprise Financial	686.43K	$26.81M	+0.3%
Victory Capital Management	621.43K	$23.6M	+35.9%
STT State Street	501.38K	$19.58M	+4.3%
Tributary Capital Management	481.27K	$18.79M	+5.2%
Acadian Asset Management	380.32K	$14.85M	+25.3%
Millennium Management	310.57K	$12.13M	+333.4%

Largest transactions	Shares	Bought/sold	Change
FMR	567	-251K	-99.8%
Millennium Management	310.57K	+238.9K	+333.4%
Victory Capital Management	621.43K	+164.23K	+35.9%
Deprince Race & Zollo	185.19K	-145.58K	-44.0%
Chimera Capital Management	0	-126K	EXIT
EAM Investors	0	-88.47K	EXIT
Bridgeway Capital Management	162.1K	+78K	+92.7%
Acadian Asset Management	380.32K	+76.79K	+25.3%
HNNA Hennessy Advisors	72.6K	+72.6K	NEW
LSV Asset Management	94.24K	+65.98K	+233.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Fossil • Swatch • Fitbit

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: affirmative, binding, boycott, broader, Calvin, collateral, conflict, corrected, decided, disclosed, energy, gas, governmental, imposed, incurrence, inflationary, invasion, Klein, launched, liable, NaN, oil, pertaining, predominately, priority, Russia, Russian, software, specific, therewith, transparency, typically, Ukraine

Removed: adjust, affecting, Aid, amendment, American, anticipated, applying, approach, assessing, assessment, assist, attached, authorization, back, brick, canceled, capitalization, card, carried, Carryback, challenged, closed, closing, closure, comparable, compliance, comprising, consent, covenant, dated, decline, decreasing, deductible, determine, dilute, discount, discounted, discounting, discrete, discretionary, distancing, EBIT, efficacy, employed, enhance, environment, EPS, estimating, exceeded, Exhibit, exit, expired, favorably, fee, fixed, flexibility, floor, forecast, fourth, furloughing, goodwill, Gordon, identifying, implemented, implied, improvement, increasing, initiative, issuance, June, Kingdom, lessened, leveraging, light, lower, magnitude, maintenance, measure, method, minimizing, mortar, NOL, nonfinancial, nonrecurring, occurred, ongoing, par, partial, passed, perform, performed, platform, positive, productivity, profitability, quantitative, recognizing, recoverability, recoverable, recovery, reduction, regular, relief, remote, reopened, restructuring, rollforward, safety, salary, show, size, social, statutory, strain, strong, substantial, summary, suspending, taxable, temporarily, temporary, terminal, test, text, thereunder, tightening, trade, tradename, twelve, Union, unit, unrefunded, Utilizing, vast, volatility, warranted, weakening, website

From filing 10-Q 2023 Q1

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