Type
|
Public |
---|---|
Traded as | NYSE: MOV S&P 600 Component Russell 2000 Component |
Founded | La Chaux-de-Fonds, Switzerland (1881) |
Founder | Achille Ditesheim Gedalio Grinberg (1983) |
Headquarters | Paramus, New Jersey, United States |
Key people
|
Efraim Grinberg, Chairman and CEO; Ricardo Quintero, President. |
Products | Watches |
Revenue | US$460,857,000 (2009) |
Operating income
|
US$3,288,000 (2009) |
Net income
|
US$2,552,000 (2009) |
Total assets | US$440,000,000 (2009) |
Website | movado |
Movado is a Swiss watchmaker best known for its Museum Watch. Designed in 1947 by Bauhaus-influenced artist Nathan George Horwitt, the watch dial has a very simple design dial defined by a solitary dot at 12, symbolizing the sun at high noon. It was first made by Vacheron & Constantin-Le Coultre Watches, Inc., and later produced by Movado. Horwitt's dial was selected for the permanent design collection of the Museum of Modern Art, New York, in 1960, the first watch dial awarded this distinction. The single dot dial now appears in many of Movado's timepieces.
Movado was founded as LAI Ditescheim & Freres SA in 1881 in La Chaux-de-Fonds, Switzerland, by Léopold Achille Isidore Ditesheim. In 1983, the company was purchased by Gedalio Grinberg, a Cuban-born Jew, who fled Fidel Castro's Marxist Revolution in 1960 with his family.
His son, Efraim Grinberg, is the Chairman and Chief Executive Officer of Movado Group, Inc. The North American President of Movado is Alan Chinich. In 2006, Movado celebrated its 125th year of watchmaking.
On February 23, 1999, Movado Group, Inc. completed the sale of Piaget business to VLG North America, Inc., for approximately $30 million.
The company markets the Museum Watch, designed by the American designer Nathan George Horwitt in 1947. It was first manufactured by Vacheron & Constantin-Le Coultre Watches, Inc., Switzerland. Movado started producing an unauthorized version starting in 1948, copying Horwitt's design. It was added to the permanent collection of the Museum of Modern Art in 1960. Movado finally settled with Horwitt in 1975 with a payment of $29,000 ($128,000 in 2015 dollars). Following Horwitt's death, Movado started heavy promotion of Horwitt and the design of the Museum Watch. Photographer Edward Steichen called Horwitt's design "the only truly original and beautiful one for such an object".
Some Movado watch models have Esperanto names such as Bela ("beautiful"), Belamodo ("beautiful fashion"), Fiero ("pride"), Brila ("brilliant"), Linio ("line"), and Verto. The company's name means "movement" in that language.
In November 2015, Movado announced the release of the Movado Motion collection of fine Swiss made watches, powered by the Manufacture Modules Technologies (MMT) MotionX technology platform. The collection includes the women’s Bellina and the men’s Museum Sport models.
Movado commissioned Time Sculpture by architect Philip Johnson. The bronze sculpture with granite base, located outside Lincoln Center in New York City, was dedicated May 19, 1999.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2023 | 2022-11-21 | Future report Set alerts | |
Q2 2023 | 2022-08-25 | 1.07 | 1.07 |
Q1 2023 | 2022-05-26 | 0.82 | 0.82 |
Q4 2022 | 2022-03-24 | 1.32 | 1.32 |
Q3 2022 | 2021-11-23 | 1.36 | 1.36 |
Q2 2022 | 2021-08-26 | 0.85 | 0.85 |
Q1 2022 | 2021-05-27 | 0.43 | 0.43 |
Q4 2021 | 2021-03-25 | 0.84 | 0.84 |
Q3 2021 | 2020-11-24 | 0.70 | 0.70 |
Q3 2020 | 2020-11-24 | 0.70 | 0.00 |
2016-05-29 | Reiterated Rating | Cowen and Company | Hold | |
2016-05-27 | Lower Price Target | Cowen and Company | $24.00 | |
2016-04-19 | Reiterated Rating | Pacific Crest | Equal Weight | |
2016-02-19 | Initiated Coverage | Sidoti | Buy | $34.00 |
2015-11-26 | Reiterated Rating | Barrington Research | Hold | |
2015-11-24 | Reiterated Rating | Cowen and Company | Hold | |
2015-08-28 | Reiterated Rating | Cowen and Company | Market Perform | $28.00 to $29.00 |
2014-12-16 | Initiated Coverage | Cowen and Company | Market Perform | $29.00 |
2014-11-19 | Downgrade | Barrington Research | Outperform to Market Perform | |
2014-11-14 | Downgrade | Dougherty & Co | Buy to Neutral | |
2014-08-27 | Downgrade | Stephens | Overweight to Equal Weight | |
2014-06-23 | Initiated Coverage | Barrington Research | Outperform | $49.00 |
2014-03-26 | Boost Price Target | Brean Capital | Buy | $50.00 to $54.00 |
2013-12-12 | Initiated | Dougherty & Company | Buy | $56 |
2013-12-12 | Initiated Coverage | Dougherty & Co | Buy | $56.00 |
2013-11-11 | Initiated Coverage | KeyBanc | Hold | |
2012-08-29 | Downgrade | Capstone Investments | Buy to Hold | |
2012-08-15 | Initiated | Capstone Investments | Buy | $31 |
2009-09-04 | Upgrade | Morgan Joseph | Hold to Buy | $16 |
2008-12-05 | Downgrade | Morgan Joseph | Buy to Hold | |
2008-10-15 | Downgrade | JMP Securities | Mkt Outperform to Mkt Perform | |
2008-09-05 | Reiterated | Morgan Joseph | Buy | $23 to $28 |
2008-04-16 | Upgrade | Morgan Joseph | Hold to Buy | $23 |
2008-02-26 | Reiterated | JMP Securities | Mkt Outperform | $36 to $28 |
2007-06-01 | Reiterated | Morgan Joseph | Buy | $34 to $36 |
2007-02-15 | Reiterated | JMP Securities | Mkt Outperform | $28 to $36 |
2016-05-29 | Reiterated Rating | Cowen and Company | Hold | |
2016-05-27 | Lower Price Target | Cowen and Company | $24.00 | |
2016-04-19 | Reiterated Rating | Pacific Crest | Equal Weight | |
2016-02-19 | Initiated Coverage | Sidoti | Buy | $34.00 |
2015-11-26 | Reiterated Rating | Barrington Research | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MOV 143 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 2.52M |
ROYCE & ASSOCIATES LLC | 1.33M |
BlackRock Fund Advisors | 1.28M |
DIMENSIONAL FUND ADVISORS LP | 1.22M |
Vanguard Group, Inc | 1.20M |
AMERIPRISE FINANCIAL INC | 0.53M |
VICTORY CAPITAL MANAGEMENT INC | 0.52M |
STATE STREET CORP | 0.52M |
Tributary Capital Management, LLC | 0.46M |
BlackRock Institutional Trust Company, N.A. | 0.41M |
Perkins Investment Management, LLC | 0.38M |
ACADIAN ASSET MANAGEMENT LLC | 0.38M |
GEODE CAPITAL MANAGEMENT, LLC | 0.29M |
NORTHERN TRUST CORP | 0.28M |
Invesco Ltd. | 0.22M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
GRINBERG EFRAIM Chairman - CEO | 1.04% (194173) | MOV / |
Morelli Francis Anthony Sr. VP Global Bus. Proc. & CIO | 0.25% (46342) | MOV / |
HOWARD ALAN H | 0.25% (45979) | MOV / |
COTE RICHARD President - COO | 0.24% (44733) | MOV / |
Quintero Perez Ricardo President | 0.23% (42538) | MOV / |
ADAME MARGARET HAYES | 0.21% (38667) | MOV / |
DEMARSILIS SALLIE A Chief Financial Officer | 0.19% (36195) | MOV / |
PHALEN MIRIAM GRINBERG | 0.18% (34046) | MOV / |
Reznik Maurice S | 0.16% (29539) | KS / MOV / |
ORESMAN DONALD | 0.12% (22991) | MOV / |
DElia Vivian Senior VP Human Resources | 0.12% (21507) | MOV / |
BRIDGMAN PETER A | 0.09% (17400) | MOV / |
LEVENTHAL NATHAN | 0.09% (17193) | MOV / |
Sussis Mitchell Cole Senior VP and General Counsel | 0.08% (15758) | MOV / |
Isserman Richard D | 0.07% (12312) | MOV / |
GRINBERG ALEXANDER | 0.05% (9544) | MOV / |
SILVERSTEIN LEONARD L | 0.03% (4930) | MOV / |