Movado Group, Inc.
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Is it Time to Invest in this Watchmaker?
By Leo Sun - May 9, 2013 | Tickers: FOSL, KORS, MOV
Shares of Fossil (NASDAQ: FOSL) recently rallied strongly, after the Richardson, Texas-based watch and accessory retailer reported first quarter earnings that showed robust double-digit top and bottom line growth from the previous year. Fossil is often considered a bellwether of the affordable fashion industry, so should investors take Fossil’s earnings beat as a cue to start investing in other fashion stocks, such as Movado (NYSE: MOV), Michael Kors (NYSE: KORSmore »)
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Fashion Watches Are Growing Fast: What's The Best Play?
By Matthew Frankel - May 6, 2013 | Tickers: FOSL, KORS, MOV
Fossil (NASDAQ: FOSL) has grown tremendously in the 29 years since its founding. Even over the past decade, the company’s revenues have more than tripled from $781 million to over $3 billion expected this year. What stood out to me when researching Fossil was the low valuation relative to the growth rate of the company, so I decided to investigate a little more and see if Fossil might be more »
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Luxury Retail Shops: Who’s Still Got It?
By Austin Higgins - March 28, 2013 | Tickers: FOSL, MOV, TIF
Movado Group, Inc. (NYSE: MOV) recently reported its fourth quarter earnings. The good news is that earnings and revenue were up. The bad news is that the company adjusted its forecast downward. Is this luxury retail company signaling a decline for high-priced consumer goods?
Movado Group designs, manufactures, and distributes high-end watches. It sells watches under its own brand as well as others including: Coach, Tommy Hilfiger, Lacoste, and Ferrari more »
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What Stocks Would Justin Bieber Buy?
By Declan Fallon - March 28, 2013 | Tickers: JNJ, MOV, EL
If you were looking to build a portfolio based on the hits of pop stars, what stocks would interest such stars? In this article, we'll consider some hypothetical stock picks from Justin Bieber.
Baby, Buy Johnson & Johnson
One of his biggest hits, "Baby," we will treat in the literal rather than the rhetorical sense. Johnson & Johnson (NYSE: JNJ) is perhaps the de facto standard people think of for baby more »
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Luxury-Watch Maker Displays Survivor Skills
By Tedra DeSue - March 28, 2013 | Tickers: COH, MOV, TIF
When the Movado Group (NYSE: MOV) released its fiscal fourth quarter earnings results in recent days, the numbers indicated that the company, known for the iconic dot on its time pieces, had a strong quarter.
Still, investors seemed unimpressed, as the stock closed lower than where it was priced before earnings were released. The reason behind the lackadaisical reaction is not unique to Movado.
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Post-Earning Performances: Value or Value Traps?
By Brian Nichols - March 22, 2013 | Tickers: KBH, MOV, ORCL
Earnings can be the best period of opportunity in the market, as they often set the trend for the following three months. However, it can also be a trap. Therefore, I am looking at each of the below companies' performance to determine if these reactions are creating value or a value trap.
Giving Them the Benefit of the Doubt
Without a doubt, the most talked about performance of the day more »
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Are These Watchmakers Worth Your Time...And Your Money?
By Robert Hanley - January 30, 2013 | Tickers: FOSL, MOV, SIG
The watchmaking business is getting back to growth mode, after retrenching during the financial crisis. Despite the ubiquity of clocks on smartphones, watches are one piece of jewelry that both sexes can use to make a fashion statement. More importantly, the business is consolidating with a few firms controlling much of the industry, including Movado (NYSE: MOV) and Fossil (NASDAQ: FOSL).
Swiss-made, Sort Of
Founded in 1961 as a watch more »
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A Luxury Stock You Can Afford
By Declan Fallon - January 29, 2013 | Tickers: COH, KORS, MOV, TIF
The Consumer Discretionary sector continues to fly high as one of the lead performers in the current rally. For the last three months, the sector SPDR (NYSE: XLY) has gained just over 9%, and is up almost 24% for the last 12 months. Gains haven't just come at the low end of the scale, but have been enjoyed by luxury brands too. However, this may be about to change more »
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How Are Hedge Funds Trading This Company?
By Meena Krishnamsetty - September 20, 2012 | Tickers: CIZN, FOSL, GIL, MOV, PVH
Fossil (NASDAQ: FOSL) is a diversified watches and accessories company that includes merchandise such as sunglasses, leather goods, belts and handbags. Watches continue to be a fundamental revenue driver for the company, comprising 72% of sales in 2011. The company has experienced a couple aggressive stock swings recently and has traded in a wide range for the past year that had the stock as high as $139 and as low more »
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This Watch Maker Looks Good To Go
By Himanshu Poddar - September 9, 2012 | Tickers: COH, FOSL, KORS, MOV
Good times are here and there are no two ways about it. Consumers seem to move up the hierarchy of needs as they start spending. After spending freely on necessities, consumers are splurging on luxury items and stylish products which mark the beginning of a healthy economic recovery. The success of premium products retailers such as Michael Kors (NYSE: KORS) has paved the way for other luxury products retailers.
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Fossil Looks Increasingly Attractive
By Himanshu Poddar - August 14, 2012 | Tickers: FB, FOSL, KORS, MOV
The luxury watch retailer Fossil (NASDAQ: FOSL), made a strong comeback after a disastrous first quarter whith strong growth drivers in its arsenal. It posted an awesome quarter last week which beat estimates and sent the stock price soaring. Investors indeed had a genuine reason to be joyful since the delight came after lackluster results which had almost halved the company’s stock price three months ago.
What Worked For more »
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Whose Stock Will Tick Up More?
By Chad Henage - June 25, 2012 | Tickers: FOSL, KORS, MOV
I'm always on the “watch” out for articles about stocks being shorted. Part of the reason is my contrarian nature, I don't see the point of shorting a stock when the most you can make is 100%. On a traditional long position there is no limit to how much you can make. To me this makes shorting a stock a suckers bet. Sean Williams of The Motley Fool, does a good job updating the community on stocks that have seen an increase in short interest. In a recent article, he pointed out that Movado Group (NYSE: MOV) saw an increase in short interest of nearly 66% at the end of May. The amazing part is as Sean points out, Movado as well as competitor Michael Kors (NYSE: KORS) have both strong demand and pricing power. In my opinion he's right to say this is a dangerous combination to short. However, my first thought was, which of these two companies is the better buy?
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A Beauty Product Retailer with No Beasts
By Himanshu Poddar - June 14, 2012 | Tickers: MOV, RL, ULTA
Over the last few months, people have started loosening their wallets after they spent sometime last year trying to stretch their dollars due to macroeconomic uncertainty. This was affirmed by the better than expected quarter posted recently by some prominent players like the apparel retailer Ralph Lauren (NYSE: RL) and watch maker Movado (NYSE: MOV). Ralph Lauren’s revenue grew 14% due to strong consumer demand in its wholesale segment more »
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This Stock is Ticking in the Right Direction
By Himanshu Poddar - June 11, 2012 | Tickers: COH, FOSL, MOV
When recessionary conditions or economic uncertainty prevail, can anybody go out shopping for a luxury product such as an expensive watch? It looks like an unnecessary thing at a time when people are trying to save most of their hard-earned dollars to brace themselves for the next recession.
This point hit home with the quarterly results of watch maker Fossil (NASDAQ: FOSL), which was hit hard because of its high more »
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Fine Jewelry will Prevail
By Mary Posey - May 30, 2012 | Tickers: NILE, MOV, SIG, TIF, ZLC
Global economic crisis might keep Wall Street bankers and Europe's elite from spending money on high dollar jewelry for not, but in the long-term the sparkly jewels will call their names again. Shares of both Tiffany & Co. (NYSE: TIF) and Signet Jewelers Limited (NYSE: SIG), which owns Kay Jewelers and Jared the Galleria of Jewelry, declined just last week. Both jewelers provided disappointing profit forecasts for the coming months more »