Intrinsic value of Movado Group - MOV

Previous Close

$40.55

  Intrinsic Value

$5.87

stock screener

  Rating & Target

str. sell

-86%

Previous close

$40.55

 
Intrinsic value

$5.87

 
Up/down potential

-86%

 
Rating

str. sell

We calculate the intrinsic value of MOV stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  28.10
  25.79
  23.71
  21.84
  20.16
  18.64
  17.28
  16.05
  14.94
  13.95
  13.05
  12.25
  11.52
  10.87
  10.28
  9.76
  9.28
  8.85
  8.47
  8.12
  7.81
  7.53
  7.27
  7.05
  6.84
  6.66
  6.49
  6.34
  6.21
  6.09
Revenue, $m
  728
  915
  1,132
  1,379
  1,657
  1,966
  2,306
  2,676
  3,076
  3,505
  3,963
  4,448
  4,961
  5,500
  6,066
  6,658
  7,276
  7,920
  8,590
  9,288
  10,013
  10,767
  11,550
  12,364
  13,210
  14,090
  15,005
  15,956
  16,947
  17,979
Variable operating expenses, $m
  656
  823
  1,016
  1,236
  1,484
  1,759
  2,062
  2,391
  2,747
  3,129
  3,528
  3,960
  4,417
  4,897
  5,401
  5,928
  6,478
  7,051
  7,648
  8,269
  8,915
  9,586
  10,283
  11,008
  11,761
  12,544
  13,359
  14,206
  15,088
  16,007
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  656
  823
  1,016
  1,236
  1,484
  1,759
  2,062
  2,391
  2,747
  3,129
  3,528
  3,960
  4,417
  4,897
  5,401
  5,928
  6,478
  7,051
  7,648
  8,269
  8,915
  9,586
  10,283
  11,008
  11,761
  12,544
  13,359
  14,206
  15,088
  16,007
Operating income, $m
  71
  92
  116
  143
  173
  207
  245
  285
  329
  376
  435
  488
  544
  603
  665
  730
  798
  869
  942
  1,019
  1,098
  1,181
  1,267
  1,356
  1,449
  1,545
  1,646
  1,750
  1,859
  1,972
EBITDA, $m
  92
  116
  143
  174
  210
  249
  292
  338
  389
  443
  501
  563
  627
  696
  767
  842
  920
  1,002
  1,086
  1,175
  1,266
  1,362
  1,461
  1,564
  1,671
  1,782
  1,898
  2,018
  2,143
  2,274
Interest expense (income), $m
  1
  1
  4
  6
  10
  13
  17
  22
  27
  32
  38
  44
  51
  58
  65
  73
  81
  90
  99
  108
  118
  128
  139
  150
  161
  173
  185
  198
  211
  225
  240
Earnings before tax, $m
  70
  88
  109
  133
  160
  190
  223
  259
  297
  338
  391
  437
  486
  538
  592
  649
  708
  770
  834
  901
  970
  1,042
  1,117
  1,195
  1,276
  1,360
  1,448
  1,539
  1,634
  1,732
Tax expense, $m
  19
  24
  30
  36
  43
  51
  60
  70
  80
  91
  105
  118
  131
  145
  160
  175
  191
  208
  225
  243
  262
  281
  302
  323
  345
  367
  391
  415
  441
  468
Net income, $m
  51
  64
  80
  97
  117
  139
  163
  189
  217
  247
  285
  319
  355
  393
  432
  474
  517
  562
  609
  657
  708
  761
  816
  872
  931
  993
  1,057
  1,123
  1,193
  1,265

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  648
  815
  1,008
  1,228
  1,476
  1,751
  2,054
  2,383
  2,739
  3,121
  3,529
  3,961
  4,418
  4,898
  5,402
  5,929
  6,479
  7,052
  7,650
  8,271
  8,916
  9,588
  10,285
  11,010
  11,763
  12,547
  13,361
  14,209
  15,091
  16,010
Adjusted assets (=assets-cash), $m
  648
  815
  1,008
  1,228
  1,476
  1,751
  2,054
  2,383
  2,739
  3,121
  3,529
  3,961
  4,418
  4,898
  5,402
  5,929
  6,479
  7,052
  7,650
  8,271
  8,916
  9,588
  10,285
  11,010
  11,763
  12,547
  13,361
  14,209
  15,091
  16,010
Revenue / Adjusted assets
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
  1.123
Average production assets, $m
  65
  81
  101
  123
  148
  175
  205
  238
  274
  312
  353
  396
  442
  490
  540
  593
  648
  705
  765
  827
  891
  958
  1,028
  1,100
  1,176
  1,254
  1,335
  1,420
  1,508
  1,600
Working capital, $m
  245
  308
  382
  465
  559
  663
  777
  902
  1,037
  1,181
  1,336
  1,499
  1,672
  1,854
  2,044
  2,244
  2,452
  2,669
  2,895
  3,130
  3,374
  3,628
  3,892
  4,167
  4,452
  4,748
  5,057
  5,377
  5,711
  6,059
Total debt, $m
  67
  117
  174
  240
  313
  395
  485
  583
  689
  802
  923
  1,051
  1,187
  1,330
  1,479
  1,636
  1,799
  1,970
  2,147
  2,331
  2,523
  2,722
  2,930
  3,145
  3,369
  3,601
  3,843
  4,095
  4,357
  4,630
Total liabilities, $m
  192
  242
  299
  365
  438
  520
  610
  708
  814
  927
  1,048
  1,176
  1,312
  1,455
  1,604
  1,761
  1,924
  2,095
  2,272
  2,456
  2,648
  2,848
  3,055
  3,270
  3,494
  3,726
  3,968
  4,220
  4,482
  4,755
Total equity, $m
  455
  573
  709
  864
  1,038
  1,231
  1,444
  1,675
  1,926
  2,194
  2,481
  2,785
  3,106
  3,443
  3,797
  4,168
  4,555
  4,958
  5,378
  5,814
  6,268
  6,740
  7,230
  7,740
  8,270
  8,820
  9,393
  9,989
  10,609
  11,255
Total liabilities and equity, $m
  647
  815
  1,008
  1,229
  1,476
  1,751
  2,054
  2,383
  2,740
  3,121
  3,529
  3,961
  4,418
  4,898
  5,401
  5,929
  6,479
  7,053
  7,650
  8,270
  8,916
  9,588
  10,285
  11,010
  11,764
  12,546
  13,361
  14,209
  15,091
  16,010
Debt-to-equity ratio
  0.150
  0.200
  0.250
  0.280
  0.300
  0.320
  0.340
  0.350
  0.360
  0.370
  0.370
  0.380
  0.380
  0.390
  0.390
  0.390
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
Adjusted equity ratio
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703
  0.703

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  51
  64
  80
  97
  117
  139
  163
  189
  217
  247
  285
  319
  355
  393
  432
  474
  517
  562
  609
  657
  708
  761
  816
  872
  931
  993
  1,057
  1,123
  1,193
  1,265
Depreciation, amort., depletion, $m
  21
  24
  27
  32
  36
  41
  47
  53
  60
  67
  67
  75
  83
  92
  102
  112
  122
  133
  144
  156
  168
  181
  194
  208
  222
  237
  252
  268
  285
  302
Funds from operations, $m
  72
  88
  107
  129
  153
  180
  210
  242
  277
  314
  352
  394
  438
  485
  534
  585
  639
  695
  753
  813
  876
  942
  1,009
  1,080
  1,153
  1,230
  1,309
  1,391
  1,477
  1,567
Change in working capital, $m
  54
  63
  73
  83
  94
  104
  114
  125
  135
  145
  154
  164
  173
  182
  191
  199
  208
  217
  226
  235
  244
  254
  264
  274
  285
  296
  308
  321
  334
  348
Cash from operations, $m
  18
  25
  34
  46
  59
  76
  95
  117
  142
  170
  197
  230
  266
  303
  344
  386
  431
  478
  527
  578
  632
  688
  745
  806
  868
  933
  1,000
  1,070
  1,143
  1,219
Maintenance CAPEX, $m
  -10
  -12
  -15
  -19
  -23
  -28
  -33
  -39
  -45
  -52
  -59
  -67
  -75
  -83
  -92
  -102
  -112
  -122
  -133
  -144
  -156
  -168
  -181
  -194
  -208
  -222
  -237
  -252
  -268
  -285
New CAPEX, $m
  -14
  -17
  -19
  -22
  -25
  -27
  -30
  -33
  -36
  -38
  -41
  -43
  -46
  -48
  -50
  -53
  -55
  -57
  -60
  -62
  -65
  -67
  -70
  -72
  -75
  -78
  -81
  -85
  -88
  -92
Cash from investing activities, $m
  -24
  -29
  -34
  -41
  -48
  -55
  -63
  -72
  -81
  -90
  -100
  -110
  -121
  -131
  -142
  -155
  -167
  -179
  -193
  -206
  -221
  -235
  -251
  -266
  -283
  -300
  -318
  -337
  -356
  -377
Free cash flow, $m
  -6
  -4
  -1
  5
  12
  21
  32
  46
  62
  80
  98
  120
  145
  172
  201
  232
  264
  298
  334
  372
  411
  452
  495
  539
  585
  633
  682
  734
  787
  842
Issuance/(repayment) of debt, $m
  42
  50
  57
  65
  74
  82
  90
  98
  106
  113
  121
  128
  136
  143
  150
  157
  163
  170
  177
  184
  192
  199
  207
  215
  224
  233
  242
  252
  262
  273
Issuance/(repurchase) of shares, $m
  48
  53
  56
  57
  57
  55
  50
  43
  34
  22
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  90
  103
  113
  122
  131
  137
  140
  141
  140
  135
  122
  128
  136
  143
  150
  157
  163
  170
  177
  184
  192
  199
  207
  215
  224
  233
  242
  252
  262
  273
Total cash flow (excl. dividends), $m
  85
  99
  113
  127
  142
  157
  172
  186
  201
  215
  220
  249
  281
  315
  350
  388
  427
  469
  512
  557
  603
  652
  702
  755
  809
  866
  924
  986
  1,049
  1,115
Retained Cash Flow (-), $m
  -100
  -117
  -136
  -155
  -174
  -193
  -213
  -232
  -250
  -269
  -286
  -304
  -321
  -338
  -354
  -370
  -387
  -403
  -420
  -437
  -454
  -472
  -490
  -510
  -530
  -551
  -573
  -596
  -620
  -646
Prev. year cash balance distribution, $m
  115
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  100
  -19
  -23
  -27
  -32
  -36
  -41
  -45
  -50
  -54
  -66
  -55
  -40
  -23
  -4
  18
  41
  65
  92
  120
  149
  180
  212
  245
  279
  315
  352
  390
  429
  469
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  96
  -17
  -20
  -23
  -25
  -26
  -28
  -28
  -28
  -28
  -31
  -23
  -15
  -8
  -1
  4
  9
  12
  14
  15
  15
  15
  14
  12
  11
  9
  8
  6
  5
  4
Current shareholders' claim on cash, %
  91.2
  84.3
  78.9
  74.6
  71.3
  68.8
  66.9
  65.5
  64.6
  64.1
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0
  64.0

Movado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers. The Retail segment includes its outlet stores. As of January 31, 2017, its subsidiary, Movado Retail Group, Inc., operated 40 outlet stores located in outlet centers across the United States. It divides its business into two geographic locations: the United States operations and International operations. It has international operations in Europe, the Americas, the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.

FINANCIAL RATIOS  of  Movado Group (MOV)

Valuation Ratios
P/E Ratio 26.6
Price to Sales 1.7
Price to Book 2
Price to Tangible Book
Price to Cash Flow 16
Price to Free Cash Flow 17.9
Growth Rates
Sales Growth Rate -7.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -33.3%
Cap. Spend. - 3 Yr. Gr. Rate -18.8%
Financial Strength
Quick Ratio 51
Current Ratio 0.4
LT Debt to Equity 5.3%
Total Debt to Equity 6.3%
Interest Coverage 52
Management Effectiveness
Return On Assets 6%
Ret/ On Assets - 3 Yr. Avg. 7.6%
Return On Total Capital 7.1%
Ret/ On T. Cap. - 3 Yr. Avg. 9.2%
Return On Equity 7.7%
Return On Equity - 3 Yr. Avg. 9.5%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 53.3%
Gross Margin - 3 Yr. Avg. 53.2%
EBITDA Margin 11.6%
EBITDA Margin - 3 Yr. Avg. 13.2%
Operating Margin 9.8%
Oper. Margin - 3 Yr. Avg. 11.3%
Pre-Tax Margin 9.2%
Pre-Tax Margin - 3 Yr. Avg. 11%
Net Profit Margin 6.3%
Net Profit Margin - 3 Yr. Avg. 7.6%
Effective Tax Rate 31.4%
Eff/ Tax Rate - 3 Yr. Avg. 30.5%
Payout Ratio 34.3%

MOV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MOV stock intrinsic value calculation we used $567.953 million for the last fiscal year's total revenue generated by Movado Group. The default revenue input number comes from 0001 income statement of Movado Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MOV stock valuation model: a) initial revenue growth rate of 28.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MOV is calculated based on our internal credit rating of Movado Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Movado Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MOV stock the variable cost ratio is equal to 90.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MOV stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.5% for Movado Group.

Corporate tax rate of 27% is the nominal tax rate for Movado Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MOV stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MOV are equal to 8.9%.

Life of production assets of 5.3 years is the average useful life of capital assets used in Movado Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MOV is equal to 33.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $470.335 million for Movado Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 16.47 million for Movado Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Movado Group at the current share price and the inputted number of shares is $0.7 billion.

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COMPANY NEWS

▶ Movado Group's Latest Strong Quarter Just Wasn't Enough   [Aug-29-18 08:51PM  Motley Fool]
▶ Movado Group Inc to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ Movado: Fiscal 2Q Earnings Snapshot   [06:52AM  Associated Press]
▶ Movado Group's Q2 Earnings Preview   [Aug-28-18 02:30PM  Benzinga]
▶ Movado Group acquires watch startup MVMT   [Aug-17-18 04:25PM  TechCrunch]
▶ Yahoo Finance Live: Midday Movers - Aug 16th, 2018   [09:25AM  Yahoo Finance Video]
▶ Movado to buy MVMT Watches   [Aug-15-18 05:34PM  MarketWatch]
▶ 5 Stocks to Buy on New Analyst Coverage   [Jul-09-18 02:13PM  InvestorPlace]
▶ Why Movado Group, Inc. Stock Popped Today   [01:07PM  Motley Fool]
▶ Movado: Fiscal 1Q Earnings Snapshot   [06:55AM  Associated Press]
▶ Meghan Markle helps gold sales shine   [May-25-18 01:21PM  Yahoo Finance Video]
▶ Bull of the Day: Movado (MOV)   [06:30AM  Zacks]
▶ What Happened in the Stock Market Today   [Mar-29-18 05:28PM  Motley Fool]
▶ Why Movado Group Inc. Stock Popped Today   [01:48PM  Motley Fool]
▶ Movado reports 4Q loss   [07:03AM  Associated Press]
▶ Movado Group Inc to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ A Look At The Intrinsic Value Of Movado Group Inc (NYSE:MOV)   [Mar-16-18 07:02AM  Simply Wall St.]
▶ Movado Group, Inc. Establishes Digital Center of Excellence   [Mar-07-18 08:30AM  Business Wire]
▶ How Financially Strong Is Movado Group Inc (NYSE:MOV)?   [Mar-06-18 12:11PM  Simply Wall St.]
▶ Benzinga Pro's 5 Stocks To Watch Today   [Feb-14-18 08:10AM  Benzinga]
▶ Tiffany, 3 Other Luxury Retailers No Bargains   [Feb-09-18 08:39AM  Investopedia]
▶ Movado Group, Inc. Boosts Full-Year Outlook   [Nov-21-17 11:30PM  Motley Fool]
▶ What Happened in the Stock Market Today   [05:09PM  Motley Fool]
▶ Movado posts 3Q profit   [06:53AM  Associated Press]

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