Movado Group’s (MOV) “Buy” Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Movado Group (NYSE:MOV) in a report released on Wednesday,Benzinga reports. The brokerage currently has a $31.50 price target on the stock. BWS Financial also issued estimates for Movado Group’s Q2 2027 earnings at $0.31 EPS.

A number of other analysts have also weighed in on MOV. Zacks Research upgraded Movado Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings lowered Movado Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Movado Group Stock Performance

NYSE MOV opened at $20.94 on Wednesday. Movado Group has a one year low of $12.85 and a one year high of $22.20. The company has a market capitalization of $463.57 million, a price-to-earnings ratio of 27.20 and a beta of 1.25. The company’s 50-day simple moving average is $18.74 and its two-hundred day simple moving average is $17.45.

Movado Group (NYSE:MOV) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). Movado Group had a return on equity of 5.45% and a net margin of 2.66%.The business had revenue of $186.13 million during the quarter, compared to analysts’ expectations of $185.89 million. During the same period in the previous year, the company posted $0.22 EPS. Equities analysts expect that Movado Group will post 1.05 earnings per share for the current fiscal year.

Movado Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, December 8th. Movado Group’s dividend payout ratio is currently 144.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd boosted its position in Movado Group by 413.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 74,139 shares of the company’s stock valued at $1,240,000 after buying an additional 59,707 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Movado Group by 14.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 186,468 shares of the company’s stock valued at $3,118,000 after acquiring an additional 23,095 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Movado Group in the 1st quarter valued at $1,426,000. American Century Companies Inc. boosted its holdings in shares of Movado Group by 5.8% in the 1st quarter. American Century Companies Inc. now owns 433,322 shares of the company’s stock valued at $7,245,000 after acquiring an additional 23,737 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Movado Group by 293.4% in the first quarter. Cubist Systematic Strategies LLC now owns 97,842 shares of the company’s stock worth $1,636,000 after acquiring an additional 72,970 shares during the period. Hedge funds and other institutional investors own 72.08% of the company’s stock.

About Movado Group

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.