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MOV

Movado

$25.18

1 (4.14%)

06:59
11/26/19
11/26
06:59
11/26/19
06:59

Movado cuts FY20 EPS view to $1.55-$1.70 from $2.25-$2.35, one estimate $2.27

Cuts FY20 revenue view to $690M-$700M from $725M-$740M, one estimate $729.39M. The company is updating its outlook for fiscal 2020 to reflect results to-date and the challenging watch category and retail environment, and currency headwinds. The outlook excludes approximately $7.5M of amortization of the acquired intangible assets and other expenses for fiscal 2020 related to the acquisitions of MVMT and Olivia Burton, the $13.6M remeasurement of the contingent consideration liability related to the MVMT acquisition and the $0.3M change in the estimate for the remaining accrual for the fiscal 2018 cost savings initiatives. The company's outlook assumes no other unusual items, no significant fluctuations from prevailing foreign currency exchange rates and no further changes in prevailing tariff rates.

  • 26

    Nov

MOV Movado
$25.18

1 (4.14%)

11/29/18
IBBA
11/29/18
UPGRADE
IBBA
Outperform
America Movil upgraded to Outperform from Market Perform at Itau BBA
08/29/19
COWN
08/29/19
DOWNGRADE
COWN
Market Perform
Movado downgraded to Market Perform from Outperform at Cowen
Cowen analyst Oliver Chen downgraded Movado to Market Perform from Outperform.
08/29/19
COWN
08/29/19
DOWNGRADE
Target $22
COWN
Market Perform
Movado downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Oliver Chen downgraded Movado to Market Perform from Outperform. The analyst moved tot he sidelines given lower visibility into future growth, and a deceleration of revenue growth combined with expense de-leverage. He said key headwinds include, category pressures, US and International Wholesale challenges, consumer confidence risk, and tariffs. Chen lowered his price target to $22 from $40 on Movado shares.
08/29/19
08/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Neutral from Outperform at First Analysis and to Hold from Buy at Craig-Hallum. 2. G-III Apparel (GIII) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying his more cautious outlook reflects "shocks" to his fiscal 2021 earnings estimates from tariffs on China manufactured goods sold in the U.S. 3. Tapestry (TPR) and Movado (MOV) downgraded to Market Perform from Outperform at Cowen. 4. Solid Biosciences (SLDB) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the stock has nearly doubled over the last month without anything fundamental changing, which has opened up a sell opportunity. 5. Casey's General Stores (CASY) downgraded to Underperform from Sector Perform at RBC Capital with analyst Irene Nattel citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

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NH

NantHealth

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TWTR

Twitter

$30.56

0.71 (2.38%)

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Apple

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  • 06

    Feb

GVA

Granite Construction

$26.29

0.97 (3.83%)

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Granite Construction awarded $14M site development project in Illinois »

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MNRL

Brigham Minerals

$18.60

0.4 (2.20%)

17:45
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Syndicate
Brigham Minerals 11M share Secondary priced at $18.10 »

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  • 12

    Dec

KHC

Kraft Heinz

$31.59

-0.29 (-0.91%)

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K

Kellogg

$66.17

-0.48 (-0.72%)

17:37
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FCAU

Fiat Chrysler

$14.32

-0.085 (-0.59%)

17:34
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UAW ratifies CBA with Fiat Chrysler »

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  • 07

    Jan

FLO

Flowers Foods

$21.54

-0.04 (-0.19%)

17:27
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17:25
12/11/19
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General news
U.S. Treasury posted a -$208.8 B budget deficit in November »

U.S. Treasury posted a…

NOMD

Nomad Foods

$20.54

-0.12 (-0.58%)

17:23
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LMPX

LMP Automotive

$15.05

1.75 (13.16%)

17:23
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LMP Automotive Chairman Samer Tawfik buys over $1.7M in company shares »

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TGI

Triumph Group

$28.91

0.1 (0.35%)

17:21
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Syndicate
Breaking Syndicate news story on Triumph Group »

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MKC

McCormick

$170.70

-0.635 (-0.37%)

17:12
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CLR

Continental Resources

$33.37

0.27 (0.82%)

17:10
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Conference/Events
Continental Resources to host conference call »

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GIS

General Mills

$51.57

-1.67 (-3.14%)

, K

Kellogg

$66.17

-0.48 (-0.72%)

17:08
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General Mills, Kellogg initiated  »

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GIS

General Mills

$51.57

-1.67 (-3.14%)

K

Kellogg

$66.17

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  • 18

    Dec

CEI

Camber Energy

$2.05

0.86 (72.27%)

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Camber Energy responds to unusual market activity »

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

17:04
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Conference/Events
Miragen Therapeutics to host conference call »

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AGI

Alamos Gold

$5.57

0.205 (3.82%)

17:03
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Alamos Gold sees FY20 production 425K-465K ounces of gold »

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MMNFF

MedMen

$0.00

(0.00%)

17:02
12/11/19
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Earnings
MedMen sees positive adjusted EBITDA in Q121, and positive FCF in Q321 »

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  • 12

    Dec

CPB

Campbell Soup

$48.00

-0.37 (-0.76%)

17:02
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MMNFF

MedMen

$0.00

(0.00%)

17:00
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Earnings
MedMen sees FY20 revenue $225M - $245M, consensus $212.69M »

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  • 12

    Dec

XOM

Exxon Mobil

$68.95

-0.11 (-0.16%)

16:59
12/11/19
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16:59
Hot Stocks
Exxon Mobil's Milton sells 13,569 common shares »

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  • 12

    Dec

SJM

J.M. Smucker

$104.42

-1.64 (-1.55%)

16:57
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16:57
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  • 26

    Feb

16:55
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Conference/Events
Oppenheimer healthcare analysts to hold a KOL dinner meeting »

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