Northland Securities Comments on Movado Group Q2 Earnings

Movado Group Inc. (NYSE:MOV) – Research analysts at Northland Securities upped their Q2 2027 earnings per share estimates for Movado Group in a research report issued to clients and investors on Wednesday, May 27th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of $0.35 for the quarter, up from their previous forecast of $0.34. The consensus estimate for Movado Group’s current full-year earnings is $1.67 per share. Northland Securities also issued estimates for Movado Group’s Q3 2027 earnings at $0.58 EPS, FY2027 earnings at $1.82 EPS, Q2 2028 earnings at $0.45 EPS, Q3 2028 earnings at $0.61 EPS and FY2028 earnings at $1.93 EPS.

Movado Group (NYSE:MOV) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.06 by $0.26. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.The firm 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.

Several other research analysts also recently commented on MOV. Weiss Ratings downgraded Movado Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. BWS Financial raised their price objective on Movado Group from $31.50 to $45.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Movado Group Stock Down 0.7%

NYSE MOV opened at $38.03 on Monday. The stock’s 50-day moving average price is $27.08 and its 200-day moving average price is $23.97. Movado Group has a 52 week low of $14.70 and a 52 week high of $38.77. The company has a market capitalization of $839.66 million, a P/E ratio of 27.16 and a beta of 0.97.

Hedge Funds Weigh In On Movado Group

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Movado Group by 39.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock valued at $33,000 after buying an additional 449 shares in the last quarter. Fifth Third Bancorp grew its holdings in Movado Group by 16,040.0% during the 1st quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock valued at $39,000 after buying an additional 1,604 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Movado Group by 70.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock valued at $36,000 after buying an additional 724 shares in the last quarter. Comerica Bank grew its holdings in Movado Group by 99.0% during the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock valued at $34,000 after buying an additional 888 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Movado Group during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.

Movado Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.40 per share. This is an increase from Movado Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Movado Group’s dividend payout ratio (DPR) is 100.00%.

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.