Analysts Set Expectations for Movado Group Q2 Earnings

Movado Group Inc. (NYSE:MOV) – Investment analysts at BWS Financial decreased their Q2 2027 earnings per share (EPS) estimates for shares of Movado Group in a report issued on Wednesday, November 26th. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.37. BWS Financial has a “Buy” rating and a $31.50 price objective on the stock. The consensus estimate for Movado Group’s current full-year earnings is $1.05 per share.

Movado Group (NYSE:MOV) last announced its earnings results on Tuesday, November 25th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Movado Group had a net margin of 2.66% and a return on equity of 5.45%. The business had revenue of $186.13 million during the quarter, compared to the consensus estimate of $185.89 million. During the same period in the previous year, the firm posted $0.22 EPS.

MOV has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Movado Group in a research report on Tuesday. Zacks Research upgraded Movado Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.50.

Movado Group Stock Performance

NYSE:MOV opened at $21.21 on Thursday. Movado Group has a 52 week low of $12.85 and a 52 week high of $22.20. The firm’s 50-day simple moving average is $18.72 and its 200 day simple moving average is $17.42. The firm has a market cap of $469.48 million, a price-to-earnings ratio of 27.54 and a beta of 1.25.

Movado Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be given a $0.35 dividend. The ex-dividend date is Monday, December 8th. This represents a $1.40 annualized dividend and a dividend yield of 6.6%. Movado Group’s payout ratio is presently 144.33%.

Institutional Trading of Movado Group

Several large investors have recently made changes to their positions in the company. Coppell Advisory Solutions LLC increased its stake in Movado Group by 14,191.7% in the first quarter. Coppell Advisory Solutions LLC now owns 1,715 shares of the company’s stock valued at $29,000 after acquiring an additional 1,703 shares during the last quarter. Comerica Bank boosted its holdings in shares of Movado Group by 99.0% in the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock valued at $34,000 after purchasing an additional 888 shares in the last quarter. CWM LLC increased its stake in shares of Movado Group by 49.9% in the 2nd quarter. CWM LLC now owns 2,588 shares of the company’s stock valued at $39,000 after purchasing an additional 862 shares during the last quarter. State of Wyoming bought a new position in shares of Movado Group in the 2nd quarter valued at $40,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Movado Group by 20.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,655 shares of the company’s stock worth $88,000 after buying an additional 790 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

Movado Group Company Profile

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.