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

NEW YORK ( TheStreet) -- The ex-dividend date for Movado Group (NYSE: MOV) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $27.24 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Movado Group has been 176,500 shares per day over the past 30 days. Movado Group has a market cap of $489.6 million and is part of the consumer goods sector and consumer durables industry. Shares are up 47.7% 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 by Movado, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, Lacoste, and Ferrari brands. The company has a P/E ratio of 24.6, above the average consumer durables industry P/E ratio of 20.9 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Movado Group Ratings Report.

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