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home / news releases / MOV - Movado Group: Premier Watchmaker Addressing Mid-Market Consumers With 11.0 P/E 30% Net Cash And 65% Upside

MOV - Movado Group: Premier Watchmaker Addressing Mid-Market Consumers With 11.0 P/E 30% Net Cash And 65% Upside

Movado Group Inc.
  • Premier watchmaking company catering to mid-market customers with 65% upside to the stock price.
  • Projected 30% net cash as of fiscal year-ended January 2021.
  • Recovery trade, easy comparisons, and scope for greater upside as stock took a tumble because of the US-China trade war prior to Covid-19.
  • P/E of 10.8x on our normalized FY01/2022 estimates.
  • Market trends suggest a strong millennial market, with rising discretionary incomes and pent-up demand post Covid-19.

For further details see:

Movado Group: Premier Watchmaker Addressing Mid-Market Consumers, With 11.0 P/E, 30% Net Cash And 65% Upside
Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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