Analysts Issue Forecasts for Movado Group Q2 Earnings

Movado Group Inc. (NYSE:MOV) – Equities research analysts at Northland Securities increased their Q2 2028 earnings per share (EPS) estimates for shares of Movado Group in a research note issued on Thursday, June 4th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of $0.60 for the quarter, up from their previous estimate of $0.45. The consensus estimate for Movado Group’s current full-year earnings is $1.83 per share. Northland Securities also issued estimates for Movado Group’s FY2028 earnings at $2.31 EPS.

Movado Group (NYSE:MOV) last announced its earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, beating 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 company had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.12 million. During the same period last year, the business posted $0.06 EPS.

Several other research analysts also recently weighed in on the company. Zacks Research upgraded Movado Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Weiss Ratings downgraded Movado Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Finally, BWS Financial lifted their target price on Movado Group from $31.50 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $40.00.

Movado Group Trading Down 0.6%

Shares of MOV stock opened at $37.05 on Monday. The business’s 50 day moving average is $28.38 and its two-hundred day moving average is $24.63. Movado Group has a twelve month low of $14.70 and a twelve month high of $38.77. The company has a market capitalization of $818.15 million, a P/E ratio of 26.47 and a beta of 0.97.

Movado Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Movado Group’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, June 10th. Movado Group’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of Movado Group

A number of institutional investors have recently modified their holdings of MOV. PNC Financial Services Group Inc. boosted its stake in shares of Movado Group by 39.1% in the fourth 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. Comerica Bank boosted its stake in shares of Movado Group by 99.0% in the third 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. CANADA LIFE ASSURANCE Co boosted its stake in shares of Movado Group by 70.2% in the fourth 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. Fifth Third Bancorp boosted its stake in shares of Movado Group by 16,040.0% in the first 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. Finally, State of Wyoming purchased a new stake in shares of Movado Group in the second quarter valued at approximately $40,000. 72.08% of the stock is currently 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.