MOVADO GROUP INC (MOV)

Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through the Watch and Accessory Brands, and Company Stores segments. The Watch and Accessory Brands segment includes the distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment is composed of the company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

Address

650 FROM ROAD
PARAMUS, NJ 07652

Founded

1967

Number of Employees

1,548

Website

http://www.movadogroup.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $23,736 $55,311 $5,724 $4,495 $7,235 $6,682 $497 $23,341 $34,928 $3,123 $2,800 $15,261
Average Price $35.18 $26.28 $25.10 $25.35 $38.11 $32.31 $10.09 $32.63 $35.41 $27.37 $28.03 $30.27
# Shares Purchased 674,778 2,104,872 228,052 177,350 189,860 206,777 49,283 715,342 986,406 114,097 99,898 504,247
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -46.0% -27.7% -24.3% -25.0% -50.1% -41.2% 88.3% -41.8% -46.3% -30.6% -32.2% -37.2%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -227.8% -200.7% -192.9% -154.8% -155.0% -134.3% 13.4% -73.4% -83.6% -61.9% -39.6% -131.2%
Quartile Rank
Percentile Rank 19% 24% 22% 26% 13% 15% 70% 18% 13% 13% 7% 20%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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MOVADO GROUP INC