Q3 EPS Estimates for Movado Group Decreased by Analyst

Movado Group Inc. (NYSE:MOV) – Equities researchers at Northland Securities decreased their Q3 2028 EPS estimates for Movado Group in a report released on Thursday, March 19th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.79. Northland Securities currently has a “Strong-Buy” rating on the stock. The consensus estimate for Movado Group’s current full-year earnings is $1.05 per share.

Other analysts have also issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Movado Group in a report on Monday, December 29th. Wall Street Zen upgraded Movado Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Zacks Research raised Movado Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, BWS Financial reiterated a “buy” rating and issued a $31.50 target price on shares of Movado Group in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Movado Group Price Performance

Shares of MOV stock opened at $23.96 on Monday. The company has a market capitalization of $530.47 million, a P/E ratio of 20.66 and a beta of 0.92. The company’s 50-day simple moving average is $23.86 and its two-hundred day simple moving average is $21.17. Movado Group has a one year low of $12.85 and a one year high of $25.85.

Movado Group (NYSE:MOV) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Movado Group had a net margin of 3.96% and a return on equity of 6.09%. The company had revenue of $191.58 million for the quarter, compared to the consensus estimate of $182.02 million.

Institutional Trading of Movado Group

A number of institutional investors have recently modified their holdings of MOV. PNC Financial Services Group Inc. raised its stake in shares of Movado Group by 39.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Movado Group by 70.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock valued at $36,000 after acquiring an additional 724 shares in the last quarter. CWM LLC grew its holdings in Movado Group by 28.2% in the third quarter. CWM LLC now owns 3,318 shares of the company’s stock worth $63,000 after purchasing an additional 730 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Movado Group by 20.4% during the third quarter. Harbor Capital Advisors Inc. now owns 4,655 shares of the company’s stock worth $88,000 after purchasing an additional 790 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Movado Group by 99.0% during the third quarter. Comerica Bank now owns 1,785 shares of the company’s stock worth $34,000 after purchasing an additional 888 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

Movado Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Movado Group’s dividend payout ratio is presently 120.69%.

Movado Group Company Profile

Movado Group, Inc is a global designer, manufacturer and distributor of watches and related jewelry products. The company’s portfolio encompasses both owned and licensed brands, offering a wide range of timepieces from luxury to accessible price points. Major owned brands include Movado, Concord, and Ebel, alongside newer acquisitions such as MVMT and Olivia Burton. In addition, Movado Group holds licensing agreements to produce watches under fashion names like Hugo Boss, Tommy Hilfiger, Coach, Lacoste and Scuderia Ferrari.

Movado Group’s product line spans classic dress watches, sport and dive models, fashion-forward designs and limited-edition collections.