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home / news releases / MOV - Movado Group: Record Q1 27% Net Cash 6x P/E Global Luxury Booming

MOV - Movado Group: Record Q1 27% Net Cash 6x P/E Global Luxury Booming

Movado Group Inc.
  • Huge Revenue & EPS beat for Q1, full-year revenue guidance raised, positive outlook.
  • Luxury Brands’ Stocks & Results Soaring, LVMH’s Bernard Arnault becomes world’s richest person – positive read for Movado.
  • Strong balance sheet with 27% net cash on the market cap, company buying back stock.
  • Undervalued P/E of 6.4x on steady-state FY01/2023.
  • We have upside of 100% for Movado, stock still nearly -50% below 5-year highs.

For further details see:

Movado Group: Record Q1, 27% Net Cash, 6x P/E, Global Luxury Booming
Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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