Movado Group (MOV) Projected to Post Earnings on Thursday

Movado Group (NYSE:MOV) is expected to announce its results before the market opens on Thursday, March 19th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $182.0230 million for the quarter.

Movado Group Stock Performance

NYSE:MOV opened at $23.18 on Friday. Movado Group has a one year low of $12.85 and a one year high of $25.85. The firm has a market cap of $513.09 million, a P/E ratio of 23.89 and a beta of 0.93. The firm has a 50-day simple moving average of $23.63 and a 200-day simple moving average of $20.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Northland Securities began coverage on shares of Movado Group in a report on Wednesday, January 7th. They set an “outperform” rating and a $30.00 price objective on the stock. BWS Financial reaffirmed a “buy” rating and set a $31.50 target price on shares of Movado Group in a research report on Monday, February 2nd. Zacks Research upgraded Movado Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Movado Group in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Movado Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.75.

Hedge Funds Weigh In On Movado Group

Several institutional investors and hedge funds have recently bought and sold shares of MOV. Wells Fargo & Company MN increased its position in Movado Group by 41.4% during the 4th quarter. Wells Fargo & Company MN now owns 24,237 shares of the company’s stock valued at $500,000 after buying an additional 7,098 shares in the last quarter. Tidal Investments LLC boosted its holdings in Movado Group by 33.0% in the second quarter. Tidal Investments LLC now owns 28,405 shares of the company’s stock worth $433,000 after acquiring an additional 7,049 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Movado Group during the second quarter worth about $399,000. Man Group plc acquired a new position in shares of Movado Group during the fourth quarter valued at about $385,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Movado Group during the third quarter valued at about $379,000. 72.08% of the stock is owned by hedge funds and other institutional investors.

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.