MOV - Movado Group: Robust Q4 With Double The Dividends 31% Net Cash And 100% Upside
- Movado Group had a robust above-expectations fourth quarter, with the stock rallying 30% on encouraging developments.
- The company has increased its dividend by 100%, and authorized a 5% buyback.
- On a forward-looking basis, EPS will reach $3.05, which will be a 5-year record high and lead to 100% upside on the stock price.
- They have 31% net cash which can be used for further dividend increases, buybacks.
- On an ex-cash P/E of 6.5x, the company is highly undervalued, and the stock price is ripe for the picking – wouldn’t count this one off of your radar.
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Movado Group: Robust Q4 With Double The Dividends, 31% Net Cash And 100% Upside