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home / news releases / MOV - Movado: +28% Revenues Record Quarter And 18% Net Cash

MOV - Movado: +28% Revenues Record Quarter And 18% Net Cash

Movado Group Inc.
  • Record 3Q results with 28% revenues & 111% EPS surge YoY, much ahead of expectations.
  • Dividend +25% and new buyback led to Movado’s stock up 18% in last two days.
  • Movado is seeing secular growth in a booming global luxury goods industry.
  • Despite strong stock price gains, Movado is trading at around 10x P/E [net cash] with 18% net cash.
  • Since we recommended the stock, Movado’s stock is nearly 100% up, and we still see 64% further upside.

For further details see:

Movado: +28% Revenues, Record Quarter And 18% Net Cash
Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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