Movado Group Q4 EPS Estimate Raised by Northland Securities

Movado Group Inc. (NYSE:MOV) – Northland Securities increased their Q4 2027 earnings per share estimates for Movado Group in a research note issued to investors on Wednesday, May 27th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of $0.59 for the quarter, up from their prior forecast of $0.55. The consensus estimate for Movado Group’s current full-year earnings is $1.53 per share. Northland Securities also issued estimates for Movado Group’s Q1 2028 earnings at $0.24 EPS and Q4 2028 earnings at $0.63 EPS.

Several other brokerages also recently weighed in on MOV. BWS Financial raised their price target on Movado Group from $31.50 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Movado Group Price Performance

Shares of MOV stock opened at $35.56 on Friday. Movado Group has a 1-year low of $14.70 and a 1-year high of $35.78. The stock’s 50-day moving average is $26.78 and its 200 day moving average is $23.83. The company has a market cap of $785.21 million, a P/E ratio of 25.40 and a beta of 0.86.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.26. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.The company had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.12 million. During the same quarter last year, the company earned $0.06 earnings per share.

Movado Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.40 dividend. This is a boost from Movado Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Movado Group’s dividend payout ratio is 120.69%.

Institutional Investors Weigh In On Movado Group

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Movado Group by 4.1% during the 1st quarter. Royal Bank of Canada now owns 26,524 shares of the company’s stock valued at $444,000 after purchasing an additional 1,042 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Movado Group by 26.5% in the first quarter. AQR Capital Management LLC now owns 129,746 shares of the company’s stock worth $2,169,000 after purchasing an additional 27,182 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Movado Group by 212.8% in the first quarter. Goldman Sachs Group Inc. now owns 671,397 shares of the company’s stock worth $11,226,000 after purchasing an additional 456,727 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Movado Group by 5.5% in the first quarter. Empowered Funds LLC now owns 108,377 shares of the company’s stock worth $1,812,000 after purchasing an additional 5,697 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Movado Group by 11.4% in the first quarter. Jane Street Group LLC now owns 104,188 shares of the company’s stock worth $1,742,000 after purchasing an additional 10,670 shares during the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

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.