MOVADO GROUP INC (MOVAA)
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 |
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$ 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% |
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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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