As market researchers and analyst anticipate luxury & designer watch market to grow, various companies are encasing on this growth market. Movado Group (MOV) is banking on this growth market of luxury goods, and is also a leading distributer for various leading brands in the world. The luxury goods markets comprises of jewelries, watches, leather accessories, perfumes, garments, designers footwear. Some of the leading luxury brands that are associated with Movado is EBEL®, CONCORD®, ESQ® Movado, COACH®, TOMMY HILFIGER®, HUGO BOSS®, JUICY COUTURE®, LACOSTE® and SCUDERIA FERRARI® watches worldwide. The company also operates Movado stores in various location spread across the United States. The company is primarily focused on the luxury watches markets as it associated with the leading brands in the world.
The share prices of the company had crashed but this can be perfect time for an investor to consider Movado in their portfolio. The company has been beating the consensus estimates which exemplifies that it has been performing better than anticipated by the consensus of analyst. The stocks are currently being traded at around $27.5 (as I write this article), and the 52 low-high price range of $25.10 - $48.27. So it can be the right time to consider buying this stock. Continue Reading »