Movado Group Stock To Go Ex-dividend Tomorrow (MOV)

NEW YORK ( TheStreet) -- The ex-dividend date for Movado Group (NYSE: MOV) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $25.11 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Movado Group has been 149,700 shares per day over the past 30 days. Movado Group has a market cap of $335.2 million and is part of the consumer goods sector and consumer durables industry. Shares are up 40.1% year to date as of the close of trading on Tuesday.

Movado Group, Inc. designs, sources, markets, and distributes fine watches. It offers its watches under the Movado, Ebel, Concord, ESQ, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, and Lacoste brands. The company also involves in the after-sales service activities and shipping. The company has a P/E ratio of 23.9, above the average consumer durables industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Movado Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Movado Group Ratings Report.

See our dividend calendar or top-yielding stocks list.

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