Movado Group Q3 EPS Forecast Cut by Northland Securities

Key Points

• Northland Securities lowered Movado Group’s Q3 2027 EPS forecast to $0.51 from $0.58, while estimating Q4 EPS at $0.52. The consensus full-year EPS estimate is $1.89.
• Movado’s latest quarterly results exceeded expectations, with EPS of $0.54 versus the $0.35 consensus and revenue of $169.75 million compared with the $164.20 million estimate.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $40 price target. The company also announced a quarterly dividend of $0.40 per share, representing a 4.6% yield.

Movado Group Inc. (NYSE:MOV - Free Report) - Investment analysts at Northland Securities cut their Q3 2027 earnings per share 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 $0.51 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for Movado Group's current full-year earnings is $1.89 per share. Northland Securities also issued estimates for Movado Group's Q4 2027 earnings at $0.52 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 for the quarter, beating analysts' consensus estimates of $0.35 by $0.19. The company 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%.

A number of other analysts have also weighed in on MOV. Wall Street Zen lowered shares of Movado Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research upgraded shares of Movado Group from a "hold" rating to a "strong-buy" rating in a report on Friday, May 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Movado Group in a research note on Tuesday, August 25th. Finally, BWS Financial reissued a "buy" rating and set a $45.00 price objective on shares of Movado Group in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Movado Group has a consensus rating of "Buy" and a consensus price target of $40.00.

Movado Group Price Performance

MOV stock opened at $34.44 on Monday. The company has a 50 day simple moving average of $37.34 and a 200 day simple moving average of $31.27. The stock has a market cap of $760.44 million, a price-to-earnings ratio of 19.13 and a beta of 0.97. Movado Group has a 1 year low of $17.24 and a 1 year high of $40.50.

Movado Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.60 annualized dividend and a yield of 4.6%. Movado Group's dividend payout ratio (DPR) is currently 88.89%.

Institutional Investors Weigh In On Movado Group

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Movado Group in the 2nd quarter valued at approximately $27,000. PNC Financial Services Group Inc. lifted its holdings in shares of Movado Group by 39.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company's stock worth $33,000 after purchasing an additional 449 shares during the period. Comerica Bank grew 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 worth $34,000 after purchasing an additional 888 shares during the last quarter. CANADA LIFE ASSURANCE Co grew 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 worth $36,000 after purchasing an additional 724 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in 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 purchasing an additional 1,604 shares during the period. 72.08% of the stock is owned by 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.

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