Shares of Movado Group, Inc (NYSE:MOV) plunged more than 10% on Thursday after the firm declared its fourth-quarter profit which beat anticipates but guided profit for the present year lesser than anticipates.
Investors will obtain a deeper dive into how luxury retailers charged at the end of the year at what time jeweler Tiffany (TIF) declares Q4 results on Friday previous to the market opens.
Luxury watchmaker Movado’s Q4 earnings a share rose 71 percent to 41 cents. Analysts were anticipating just 26 cents. Revenue increased 1 percent to $123.6M.
Movado shares were dropped around 10 percent in Thursday afternoon trading on the stock market today, the lowly level since mid-January.
Shares of Movado Group, Inc (NYSE:MOV) opened at $38.13 with 25.32 million outstanding shares and touch its highest price of $38.20 of the day and then finished at $33.23 by scoring -10.48%, as in the whole session stocks gain volume of 1.10 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 89.79% while insider ownership included 4.21%. The share capital of MOV has 25.32 million outstanding shares amid them 17.71 million shares have been floated in market.
For investors focus on the performance of the stocks so the MOV showed weekly behind performance of -11.29% which was maintained for the month at -7.95%. Correspondingly the positive performance for the quarter was remained 4.93% and if took notice on yearly performance that was 56.60% whereas the year to date performance halted at 8.31%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the MOV return on investment was recorded as 13.93% as compare to its rivals has Fossil Inc (NASDAQ:FOSL)’s ROI 26.55%, Brunswick Corporation (NYSE:BC)’s ROI 7.11%, SHFL entertainment Inc (NASDAQ:SHFL)’s ROI 13.04%, Lj International Inc (NASDAQ:JADE)’s ROI -2.09%.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Entire Disclaimer Here