Confluence Investment Management LLC Sells 9152 Shares of Movado Group, in 2023
March 18, 2023
Trending News ☀️
In 2023, Confluence Investment Management LLC sold 9152 shares of Movado Group ($NYSE:MOV), Inc., a leading global designer and marketer of fine watches. This was the latest in a series of strategic moves for the company in their effort to increase shareholder value. The company has also recently been expanding into other areas such as jewelry and accessories.
This sale of 9152 shares is part of the company’s efforts to focus on growth and increase its market share in the watch industry. Investing in Movado Group, Inc. is a wise decision as the company is well-positioned to capitalize on the current trends in the watch industry.
Price History
News coverage of the sale has been mostly positive so far. On Friday, the group’s stock opened at $33.6 and closed at $33.2, a decrease of 1.8% from the previous closing price of 33.8. This sale comes as part of Confluence’s portfolio rebalancing, with the goal of increasing its investments in other areas. The stock’s performance this past Friday shows that investors may not have reacted too favorably to the news of the sale.
However, with the recent positive news coverage, investors may soon be more confident about MOVADO GROUP‘s future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Movado Group. More…
| Total Revenues | Net Income | Net Margin |
| 763.6 | 103.18 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Movado Group. More…
| Operations | Investing | Financing |
| 68.47 | -10.58 | -64.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Movado Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 775.68 | 292.13 | 21.52 |
Key Ratios Snapshot
Some of the financial key ratios for Movado Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 35.3% | 17.4% |
| FCF Margin | ROE | ROA |
| 8.1% | 17.5% | 10.7% |
Analysis
GoodWhale has conducted an analysis of MOVADO GROUP‘s wellbeing, and according to our Star Chart the company has achieved a high health score of 10/10. This suggests that MOVADO GROUP is in a strong position, with enough cashflows and debt to safely ride out any crisis without the risk of bankruptcy. We have classified MOVADO GROUP as a ‘rhino’, indicating that the company has achieved moderate revenue or earnings growth. Furthermore, MOVADO GROUP is also strong in asset, dividend, and profitability. Given this analysis, we expect that investors who are seeking a company which is resilient to economic downturns and offers moderate growth would be interested in MOVADO GROUP. Such investors may include those who want consistent and reliable income from their investments. More…
Peers
The company competes in the global market with other leading companies such as Lands’ End Inc, Bergio International Inc, and Vaibhav Global Ltd. Movado Group has a strong portfolio of brands that cater to different segments of the market. The company’s products are known for their unique design and superior quality. Movado Group has a wide distribution network and a strong marketing and advertising capability. The company’s focus on innovation and customer satisfaction has helped it to maintain its leading position in the market.
– Lands’ End Inc ($NASDAQ:LE)
Lands’ End is a retail company that sells clothing, luggage, and home furnishings. The company was founded in 1963 and is headquartered in Dodgeville, Wisconsin. Lands’ End operates through two segments: Direct and Retail. The Direct segment offers products through catalogs, website, and corporate sales. The Retail segment operates Lands’ End Shops at Sears locations and standalone Lands’ End Inlet stores. As of 2022, Lands’ End had a market cap of 314.92 million and a return on equity of 7.35%.
– Bergio International Inc ($OTCPK:BRGO)
Bergio International Inc is a publicly traded company that designs, manufactures, and markets fine jewelry. The company was founded in 1984 and is headquartered in New York, New York. As of 2022, Bergio International Inc had a market capitalization of $675,620.00 and a return on equity of -4.34%. The company’s products are sold through its own website and through independent retailers.
– Vaibhav Global Ltd ($BSE:532156)
As of 2022, Vaibhav Global Ltd has a market cap of 57.39B and a ROE of 10.1%. The company is engaged in the design, manufacture and export of fashion jewelry, watches and accessories. It has a strong presence in the US, Europe and Asia Pacific markets. The company has a wide range of products that are affordable and stylish.
Summary
Movado Group, Inc. has seen a significant investment from Confluence Investment Management LLC in 2023 with the company selling 9152 shares of the company. Recent news coverage has been mostly positive surrounding the stock, with analysts considering the stock to be a strong long term play. The company has a strong position in the luxury watch and jewelry industry with a diversified and recognizable portfolio of brands. With strong revenue and net income growth, Movado Group, Inc. looks to be a solid investment opportunity going forward.
Additionally, the company has seen good performance in its stock price, which has risen over time with a few minor corrections and pullbacks. As such, investing in Movado Group, Inc. could be a profitable move for those looking for a long-term holding.
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