FY2027 EPS Estimates for Movado Group Increased by Analyst

Movado Group Inc. (NYSE:MOV) – Stock analysts at Northland Securities upped their FY2027 earnings per share (EPS) estimates for Movado Group in a research report issued on Wednesday, August 26th. Northland Securities analyst O. Rickert now expects that the company will post earnings of $1.87 per share for the year, up from their previous estimate of $1.82. The consensus estimate for Movado Group’s current full-year earnings is $1.87 per share. Northland Securities also issued estimates for Movado Group’s Q2 2028 earnings at $0.61 EPS, Q3 2028 earnings at $0.70 EPS, Q4 2028 earnings at $0.72 EPS and FY2028 earnings at $2.36 EPS.

Several other analysts have also recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Movado Group in a research report on Tuesday. BWS Financial reiterated a “buy” rating and issued a $45.00 target price on shares of Movado Group in a research report on Monday, July 27th. Finally, Zacks Research raised Movado Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.

Movado Group Price Performance

MOV stock opened at $34.37 on Friday. Movado Group has a one year low of $16.75 and a one year high of $40.50. The stock has a market cap of $758.80 million, a PE ratio of 19.09 and a beta of 0.97. The firm has a 50 day simple moving average of $37.42 and a two-hundred day simple moving average of $31.20.

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

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, September 8th. Movado Group’s dividend payout ratio is presently 114.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MOV. Renaissance Technologies LLC increased its holdings in shares of Movado Group by 125.6% in the first quarter. Renaissance Technologies LLC now owns 139,198 shares of the company’s stock worth $3,399,000 after buying an additional 77,500 shares during the period. Sei Investments Co. boosted its holdings in Movado Group by 248.8% during the 1st quarter. Sei Investments Co. now owns 86,669 shares of the company’s stock valued at $2,116,000 after acquiring an additional 61,822 shares during the period. Lazard Asset Management LLC boosted its holdings in Movado Group by 120.8% during the 1st quarter. Lazard Asset Management LLC now owns 124,643 shares of the company’s stock valued at $3,044,000 after acquiring an additional 68,201 shares during the period. Sanctuary Advisors LLC bought a new position in Movado Group during the 2nd quarter worth approximately $1,779,000. Finally, Strs Ohio grew its position in Movado Group by 671.9% during the 1st quarter. Strs Ohio now owns 24,700 shares of the company’s stock worth $603,000 after acquiring an additional 21,500 shares during the last quarter. 72.08% of the stock is owned by institutional investors.

Key Stories Impacting Movado Group

Here are the key news stories impacting Movado Group this week:

• Positive Sentiment: Quarterly results exceeded expectations. Movado reported fiscal Q2 sales of approximately $169.8 million, up 4.9% year over year and above the $164.2 million analyst estimate. Adjusted earnings of $0.53-$0.54 per share also surpassed consensus estimates of roughly $0.35-$0.36 and increased from $0.13-$0.23 a year earlier. Movado Group fiscal second-quarter results
• Positive Sentiment: Profitability and balance-sheet metrics improved. Gross margin rose to 59.4% from 54.1%, while operating income increased to $14.9 million from $4.0 million. Results benefited from $3.2 million in IEEPA duty refunds, and Movado ended the quarter with $211.6 million in cash and no debt. Movado Q2 sales and earnings
• Positive Sentiment: Dividend maintained. The company declared a quarterly dividend of $0.40 per share, payable September 22 to shareholders of record September 8. The dividend represents an annualized yield of approximately 4.6% based on the provided trading data. Movado dividend and results announcement
• Neutral Sentiment: Second-half expectations remain constructive but less specific. Movado projects mid-single-digit sales growth and a 55%-56% gross margin for the second half, excluding additional duty refunds.
• Negative Sentiment: Management discontinued its annual outlook. Removing full-year guidance introduces uncertainty about expected sales, margins, and earnings, particularly because part of the quarter’s margin improvement came from duty refunds. This guidance change is the key factor offsetting the earnings beat. Movado second-half outlook

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.