Should I buy or sell Movado Group stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MOV shares. View MOV analyst ratings or view top-rated stocks .

What is Movado Group's stock price target for 2024?

1 equities research analysts have issued 12-month price objectives for Movado Group's stock. Their MOV share price targets range from $41.00 to $41.00. On average, they predict the company's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price. View analysts price targets for MOV or view top-rated stocks among Wall Street analysts .

How have MOV shares performed in 2024?

Movado Group's stock was trading at $30.15 at the beginning of 2024. Since then, MOV stock has decreased by 16.6% and is now trading at $25.16. View the best growth stocks for 2024 here .

Are investors shorting Movado Group?

Movado Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 924,600 shares, a decrease of 21.6% from the March 15th total of 1,180,000 shares. Based on an average daily volume of 200,900 shares, the short-interest ratio is currently 4.6 days. Approximately 6.2% of the shares of the company are sold short. View Movado Group's Short Interest .

When is Movado Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024. View our MOV earnings forecast .

How were Movado Group's earnings last quarter?

Movado Group, Inc. (NYSE:MOV) issued its earnings results on Tuesday, March, 26th. The company reported $0.55 earnings per share (EPS) for the quarter. The business earned $179.62 million during the quarter. Movado Group had a trailing twelve-month return on equity of 9.56% and a net margin of 6.94%.

How often does Movado Group pay dividends? What is the dividend yield for Movado Group?

Movado Group announced a quarterly dividend on Tuesday, March 26th. Investors of record on Tuesday, April 9th will be given a dividend of $0.35 per share on Tuesday, April 23rd. This represents a $1.40 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, April 8th. Read our dividend analysis for MOV .

Is Movado Group a good dividend stock?

Movado Group (NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.66%. MOV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.96%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MOV .

What ETFs hold Movado Group's stock?

ETFs with the largest weight of Movado Group (NYSE:MOV) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) . Hartford Multifactor Small Cap ETF (ROSC) .

What guidance has Movado Group issued on next quarter's earnings?

Movado Group issued an update on its FY 2025 earnings guidance on Tuesday, March, 26th. The company provided earnings per share (EPS) guidance of 1.200-1.300 for the period, compared to the consensus estimate of 2.060. The company issued revenue guidance of $700.0 million-$710.0 million, compared to the consensus revenue estimate of $689.9 million.

What is Efraim Grinberg's approval rating as Movado Group's CEO?

60 employees have rated Movado Group Chief Executive Officer Efraim Grinberg on Glassdoor.com . Efraim Grinberg has an approval rating of 97% among the company's employees. This puts Efraim Grinberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Movado Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Movado Group investors own include Pfizer (PFE) , Gilead Sciences (GILD) , Intel (INTC) , Fossil Group (FOSL) , Alibaba Group (BABA) , JD.com (JD) , Hello Group (MOMO) , NVIDIA (NVDA) , Cisco Systems (CSCO) and Micron Technology (MU) .

Who are Movado Group's major shareholders?

Movado Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.53%), Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Alan H Howard , Alexander Grinberg , Ann Kirschner, Behzad Soltani , Efraim Grinberg , Mitchell Cole Sussis , Richard D Isserman, Sallie A Demarsilis and Vivian Delia . View institutional ownership trends .

How do I buy shares of Movado Group?

Shares of MOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MOV

Movado Group (MOV) Stock Price, News & Analysis

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$25.36

+0.54 (+2.18%)

(As of 02:14 PM ET)

Compare

Today's Range: $24.73
▼
$25.44
50-Day Range: $24.74
▼
$29.36
52-Week Range: $23.94
▼
$31.44

Volume: 84,463 shs
Average Volume: 192,416 shs
Market Capitalization: $561.22 million

P/E Ratio: 12.31
Dividend Yield: 5.52%
Price Target: $41.00

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Movado Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 63.0% Upside
$41.00 Price Target
Short Interest: Healthy
6.16% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.28
Upright™ Environmental Score
News Sentiment: 0.75
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Retail/Wholesale Sector

24th out of 201 stocks

Watches, Clocks, Watchcases, & Parts Industry

1st out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
Movado Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Movado Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.16% of the float of Movado Group has been sold short.
Short Interest Ratio / Days to Cover
Movado Group has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Movado Group has recently decreased by 21.64%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Movado Group is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Movado Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Movado Group is 67.96%. This payout ratio is at a healthy, sustainable level, below 75%.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Movado Group has received a 18.44% net impact score from Upright. Movado seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Wrist watches", "Sports watches", and "Eyeglasses" products. See details.
Environmental Sustainability
The Environmental Impact score for Movado Group is -1.28.

3.2

News and Social Media Coverage

News Sentiment
Movado Group has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Movado Group this week, compared to 2 articles on an average week.
Search Interest
9 people have searched for MOV on MarketBeat in the last 30 days. This is an increase of 800% compared to the previous 30 days.
MarketBeat Follows
3 people have added Movado Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Movado Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
28.89% of the stock of Movado Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
72.08% of the stock of Movado Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Movado Group is 12.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Movado Group is 12.21, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 21.64.
Price to Book Value per Share Ratio
Movado Group has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Movado Group Stock (NYSE:MOV)

Movado Group, Inc. designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is headquartered in Paramus, New Jersey.

MOV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MOV Stock News Headlines

April 13, 2024 | nytimes.com

Despite the Watch World’s Secrecy, Data Services Expand

April 12, 2024 | finance.yahoo.com

Q4 Earnings Highlights: VF Corp (NYSE:VFC) Vs The Rest Of The Apparel, Accessories and Luxury Goods Stocks

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April 9, 2024 | yahoo.com

Bulgari’s Octo Finissimo Ultra COSC Watch Is So Thin It Broke Records

April 9, 2024 | ca.style.yahoo.com

Bulgari’s Octo Finissimo Ultra COSC Watch So Thin It Broke Records

April 5, 2024 | msn.com

Movado Group, Inc. goes ex dividend Monday

April 4, 2024 | msn.com

Barton Perreira Launches Ultra-thin Rimless Eyewear Collection Inspired by Retro Hit Songs

April 3, 2024 | finance.yahoo.com

Don't Race Out To Buy Movado Group, Inc. (NYSE:MOV) Just Because It's Going Ex-Dividend

April 19, 2024 | DTI (Ad)

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April 3, 2024 | msn.com

EXCLUSIVE: You Have 999 Chances to Get MB&F’s Jean-Charles de Castelbajac Watch Collaboration

April 3, 2024 | yahoo.com

How One Gift Industry Veteran Turned a Life-changing Trip Into a Life-changing Opportunity for Other Women

April 2, 2024 | msn.com

In Levi's We Trust, So Says New Report

April 2, 2024 | msn.com

Movado Group (NYSE: MOV): An Attractive Play for Income Investors

April 2, 2024 | finance.yahoo.com

Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

March 30, 2024 | finance.yahoo.com

Movado Group, Inc. Just Beat EPS By 9.9%: Here's What Analysts Think Will Happen Next

March 28, 2024 | seekingalpha.com

Movado Group, Inc. (MOV) Q4 2024 Earnings Call Transcript

March 27, 2024 | finance.yahoo.com

Movado Group, Inc. (NYSE:MOV) Q4 2024 Earnings Call Transcript

March 26, 2024 | seekingalpha.com

Movado Group: Short-Term Pain Gives Investors More Time To Get In

March 26, 2024 | investorplace.com

MOV Stock Earnings: Movado Group Beats EPS, Beats Revenue for Q4 2024

March 26, 2024 | sfgate.com

Movado: Fiscal Q4 Earnings Snapshot

March 26, 2024 | msn.com

Movado expects higher spending on marketing will weigh on profits

March 26, 2024 | markets.businessinsider.com

Movado Group Q4 Income Drops

March 26, 2024 | benzinga.com

Why Movado Group Shares Are Falling Today

March 26, 2024 | finance.yahoo.com

Movado's (NYSE:MOV) Q4 Sales Top Estimates, Guides For Strong Full-Year Sales

March 26, 2024 | finance.yahoo.com

Movado Group Inc (MOV) Aligns with EPS Projections, Net Sales Dip in FY2024

March 26, 2024 | businesswire.com

Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2024 Results

March 25, 2024 | benzinga.com

Earnings Preview: Movado Group

See More Headlines

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Company Calendar

Last Earnings: 3/26/2024
Ex-Dividend for 4/23 Dividend: 4/08/2024
Today: 4/19/2024
Dividend Payable: 4/23/2024
Next Earnings (Estimated): 5/23/2024
Fiscal Year End: 1/31/2025

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Retail/Wholesale
Industry: Watches, clocks, watchcases, & parts
Sub-Industry: Apparel Accessories & Luxury Goods
Current Symbol: NYSE:MOV
CUSIP: 62458010
CIK: 72573
Web: www.movadogroup.com
Phone: (201) 267-8000
Fax: 201-267-8230
Employees: 1,548
Year Founded: 1881

Price Target and Rating

Average Stock Price Target: $41.00
High Stock Price Target: $41.00
Low Stock Price Target: $41.00
Potential Upside/Downside: +62.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.06
Trailing P/E Ratio: 12.22
Forward P/E Ratio: 20.14
P/E Growth: N/A
Net Income: $46.71 million
Net Margins: 6.94%
Pretax Margin: 8.95%
Return on Equity: 9.56%
Return on Assets: 6.39%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.81
Quick Ratio: 3.50

Sales & Book Value

Annual Sales: $672.60 million
Price / Sales: 0.83
Cash Flow: $1.66 per share
Price / Cash Flow: 15.15
Book Value: $14.62 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 22,130,000
Free Float: 15,735,000
Market Cap: $557.23 million
Optionable: Optionable
Beta: 1.13

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Key Executives

Mr. Efraim Grinberg (Age 66)
Chairman & CEO
Comp: $3.19M
Ms. Sallie A. DeMarsilis (Age 59)
Executive VP, COO & CFO
Comp: $1.16M
Mr. Behzad Soltani (Age 52)
Executive VP, Commercial President & Chief Technology Officer
Comp: $1.03M
Mr. Mitchell C. Sussis (Age 59)
Senior VP, General Counsel & Secretary
Comp: $598.18k
Linda Feeney
Senior VP & Principal Accounting Officer
Mr. Stephane Gerschel
Chief Marketing Officer
Ms. Michelle Kennedy
Senior Vice President of Human Resources
Mr. Alexander Grinberg (Age 61)
Senior VP of Customer Experience & Director
Ms. Margot Grinberg
President of the Movado Brand & Senior VP of E-Commerce
Mr. Alan Chinich
Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MOV Stock Analysis - Frequently Asked Questions

Should I buy or sell Movado Group stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MOV shares.
View MOV analyst ratings or view top-rated stocks.
What is Movado Group's stock price target for 2024?: 1 equities research analysts have issued 12-month price objectives for Movado Group's stock. Their MOV share price targets range from $41.00 to $41.00. On average, they predict the company's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price.
View analysts price targets for MOV or view top-rated stocks among Wall Street analysts.
How have MOV shares performed in 2024?: Movado Group's stock was trading at $30.15 at the beginning of 2024. Since then, MOV stock has decreased by 16.6% and is now trading at $25.16.
View the best growth stocks for 2024 here.
Are investors shorting Movado Group?: Movado Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 924,600 shares, a decrease of 21.6% from the March 15th total of 1,180,000 shares. Based on an average daily volume of 200,900 shares, the short-interest ratio is currently 4.6 days. Approximately 6.2% of the shares of the company are sold short.
View Movado Group's Short Interest.
When is Movado Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our MOV earnings forecast.
How were Movado Group's earnings last quarter?: Movado Group, Inc. (NYSE:MOV) issued its earnings results on Tuesday, March, 26th. The company reported $0.55 earnings per share (EPS) for the quarter. The business earned $179.62 million during the quarter. Movado Group had a trailing twelve-month return on equity of 9.56% and a net margin of 6.94%.
How often does Movado Group pay dividends? What is the dividend yield for Movado Group?: Movado Group announced a quarterly dividend on Tuesday, March 26th. Investors of record on Tuesday, April 9th will be given a dividend of $0.35 per share on Tuesday, April 23rd. This represents a $1.40 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, April 8th.
Read our dividend analysis for MOV.
Is Movado Group a good dividend stock?: Movado Group (NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.66%. MOV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MOV.

What ETFs hold Movado Group's stock?: ETFs with the largest weight of Movado Group (NYSE:MOV) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).Hartford Multifactor Small Cap ETF (ROSC).
What guidance has Movado Group issued on next quarter's earnings?: Movado Group issued an update on its FY 2025 earnings guidance on Tuesday, March, 26th. The company provided earnings per share (EPS) guidance of 1.200-1.300 for the period, compared to the consensus estimate of 2.060. The company issued revenue guidance of $700.0 million-$710.0 million, compared to the consensus revenue estimate of $689.9 million.
What is Efraim Grinberg's approval rating as Movado Group's CEO?: 60 employees have rated Movado Group Chief Executive Officer Efraim Grinberg on Glassdoor.com. Efraim Grinberg has an approval rating of 97% among the company's employees. This puts Efraim Grinberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Movado Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Movado Group investors own include Pfizer (PFE), Gilead Sciences (GILD), Intel (INTC), Fossil Group (FOSL), Alibaba Group (BABA), JD.com (JD), Hello Group (MOMO), NVIDIA (NVDA), Cisco Systems (CSCO) and Micron Technology (MU).
Who are Movado Group's major shareholders?: Movado Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.53%), Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Alan H Howard, Alexander Grinberg, Ann Kirschner, Behzad Soltani, Efraim Grinberg, Mitchell Cole Sussis, Richard D Isserman, Sallie A Demarsilis and Vivian Delia.
View institutional ownership trends.
How do I buy shares of Movado Group?: Shares of MOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MOV) was last updated on 4/19/2024 by MarketBeat.com Staff

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