Movado traded at $23.62 this Friday March 6th, decreasing $0.65 or 2.68 percent since the previous trading session. Looking back, over the last four weeks, Movado lost 3.91 percent. Over the last 12 months, its price rose by 28.72 percent. Looking ahead, we forecast Movado to be priced at 23.54 by the end of this quarter and at 21.47 in one year, according to Trading Economics global macro models projections and analysts expectations.
Movado Group, Inc designs, sources, markets, and distributes watches globally. The Company operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches, jewelry and other accessories, after-sales service activities, and shipping. The Stores segment includes the Company’s physical retail outlet locations in the United States and Canada. The Company divides its business into two geographic locations: United States operations and International operations. It has International operations in Europe, the Middle East, Asia, and the Americas. Its owned brands include MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT. Its licensed brands include COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE and SCUDERIA FERRARI.