Northland Securities Weighs in on Movado Group Q3 Earnings

Movado Group Inc. (NYSE:MOV) – Stock analysts at Northland Securities decreased their Q3 2027 EPS estimates for Movado Group in a research report issued to clients and investors on Wednesday, August 26th. Northland Securities analyst O. Rickert now expects that the company will earn $0.51 per share for the quarter, down from their previous forecast of $0.58. The consensus estimate for Movado Group’s current full-year earnings is $1.89 per share. Northland Securities also issued estimates for Movado Group’s Q4 2027 earnings at $0.52 EPS.

Movado Group (NYSE:MOV) last released its earnings results on Wednesday, August 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.35 by $0.19. The firm had revenue of $169.75 million for the quarter, compared to analysts’ expectations of $164.20 million. Movado Group had a return on equity of 8.49% and a net margin of 6.00%.

A number of other research firms also recently weighed in on MOV. BWS Financial reaffirmed a “buy” rating and issued a $45.00 target price on shares of Movado Group in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Movado Group in a research report on Tuesday, August 25th. Zacks Research raised shares of Movado Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded shares of Movado Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $40.00.

Movado Group Stock Up 0.7%

Shares of MOV stock opened at $33.98 on Monday. The company’s fifty day simple moving average is $37.14 and its 200-day simple moving average is $31.40. The firm has a market cap of $750.28 million, a PE ratio of 18.88 and a beta of 0.92. Movado Group has a 12 month low of $17.24 and a 12 month high of $40.50.

Institutional Trading of Movado Group

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Movado Group during the 2nd quarter worth approximately $52,824,000. Vanguard Group Inc. increased its holdings in shares of Movado Group by 5.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,029,220 shares of the company’s stock worth $19,524,000 after acquiring an additional 57,353 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Movado Group by 3.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 888,244 shares of the company’s stock valued at $18,316,000 after acquiring an additional 29,137 shares during the period. Brandes Investment Partners LP raised its stake in Movado Group by 5.6% in the 4th quarter. Brandes Investment Partners LP now owns 704,036 shares of the company’s stock valued at $14,517,000 after acquiring an additional 37,587 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Movado Group by 14.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 636,862 shares of the company’s stock valued at $9,712,000 after acquiring an additional 80,109 shares during the period. 72.08% of the stock is owned by institutional investors and hedge funds.

Movado Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.60 annualized dividend and a yield of 4.7%. Movado Group’s dividend payout ratio is currently 88.89%.

About Movado Group

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.