FY2027 EPS Estimate for Movado Group Boosted by Analyst

Key Points

• Northland Securities raised Movado Group’s FY2027 EPS estimate to $1.87 from $1.82, matching the current analyst consensus; it also forecasts FY2028 EPS of $2.36.
• Movado exceeded quarterly expectations, reporting $0.54 EPS versus the $0.35 consensus and revenue of $169.75 million versus $164.20 million. Gross margin and operating income improved, although the company discontinued full-year guidance, adding uncertainty.
• The company declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and roughly a 4.7% yield based on the article’s trading data.

Movado Group Inc. (NYSE:MOV - Free Report) - Research analysts at Northland Securities raised their FY2027 earnings estimates for Movado Group in a research note issued to investors on Wednesday, August 26th. Northland Securities analyst O. Rickert now forecasts that the company will post earnings per share of $1.87 for the year, up from their prior forecast 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.

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

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Movado Group in a report on Tuesday. BWS Financial reaffirmed a "buy" rating and issued a $45.00 price target on shares of Movado Group in a report on Monday, July 27th. Finally, Zacks Research upgraded Movado Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $40.00.

Movado Group Trading Down 1.8%

MOV opened at $34.37 on Friday. The company has a 50 day moving average of $37.42 and a 200 day moving average of $31.20. The company has a market cap of $758.80 million, a PE ratio of 19.09 and a beta of 0.97. Movado Group has a 12 month low of $16.75 and a 12 month high of $40.50.

Movado Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Movado Group's dividend payout ratio is presently 114.29%.

Hedge Funds Weigh In On Movado Group

A number of large investors have recently modified their holdings of MOV. BlackRock Inc. bought a new stake in Movado Group during the 2nd quarter worth approximately $52,824,000. Goldman Sachs Group Inc. lifted its stake in Movado Group by 212.8% in the 1st 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 in the last quarter. Bank of New York Mellon Corp bought a new position in Movado Group in the 2nd quarter valued at $6,664,000. Empowered Funds LLC bought a new position in Movado Group in the 2nd quarter valued at $4,063,000. Finally, JPMorgan Chase & Co. grew its position in shares of Movado Group by 153.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 161,178 shares of the company's stock valued at $2,458,000 after purchasing an additional 97,566 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

More Movado Group News

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

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.

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