Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Movado Shares Ticked Higher

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

What: Shares of luxury watch-maker Movado Group (NYSE: MOV  ) were looking stylish today, jumping 9% on an upgrade by Citigroup.

So what: Citi bumped up its rating from neutral to buy, saying, "Global accessories represent the future" of this sector. Analyst Oliver Chen also said that revenue growth this year should significantly add to margins, and he noted that the company derives 42% of its revenue at the wholesale level, so it's partially shielded from consumer volatility. In addition, international markets represent a ripe opportunity for the company.

Now what: Movado, which sells watches under other high-end labels such as Hugo Boss and Lacoste in addition to its own, seems well-positioned going forward. The company has beat estimates in its last four quarters, trades at a reasonable multiple, and shares have been surging since the recession. Some watch makers have come under pressure from the rise of cell phones, but Movado's luxury angle seems to protect it from that problem. I'd expect continuing strong performance in the near term. To keep track of Movado, just add the company to your Watchlist here.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2204991, ~/Articles/ArticleHandler.aspx, 9/30/2016 10:25:50 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,267.51 124.06 0.68%
S&P 500 2,162.89 11.76 0.55%
NASD 5,289.68 20.53 0.39%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 9:58 AM
MOV $21.27 Up +0.05 +0.24%
Movado Group CAPS Rating: ***