Sanctuary Advisors LLC Invests $1.78 Million in Movado Group Inc. $MOV

Key Points

• Sanctuary Advisors acquired 45,261 Movado Group shares worth approximately $1.78 million, representing a 0.20% stake. Institutional investors collectively own 72.08% of the company.
• Movado’s fiscal second-quarter results exceeded expectations, with sales rising 4.9% year over year to $169.8 million and EPS reaching $0.54 versus the $0.35 consensus estimate. Operating income and gross margin also improved substantially.
• The company ended July with $211.6 million in cash and no debt and declared a $0.40 quarterly dividend, but withdrew its full-year outlook. Investors remain cautious because $3.2 million of the earnings improvement came from duty refunds and related interest.

Sanctuary Advisors LLC acquired a new stake in shares of Movado Group Inc. (NYSE:MOV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,261 shares of the company's stock, valued at approximately $1,779,000. Sanctuary Advisors LLC owned 0.20% of Movado Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new stake in Movado Group during the second quarter worth $311,000. Quantbot Technologies LP acquired a new position in shares of Movado Group in the 2nd quarter valued at $421,000. Ieq Capital LLC bought a new position in shares of Movado Group during the 2nd quarter worth about $548,000. Allworth Financial LP bought a new position in shares of Movado Group during the 2nd quarter worth about $27,000. Finally, BlackRock Inc. acquired a new stake in shares of Movado Group during the 2nd quarter valued at about $52,824,000. 72.08% of the stock is owned by institutional investors.

More Movado Group News

Here are the key news stories impacting Movado Group this week:

• Positive Sentiment: Fiscal Q2 sales increased 4.9% year over year to $169.8 million, exceeding analysts’ $164.2 million estimate. Earnings reached $0.54 per share versus the $0.35 consensus and $0.23 a year earlier. Movado Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved sharply: operating income rose to $14.9 million from $4.0 million, while gross margin expanded to 59.4% from 54.1%. Even excluding $3.2 million in IEEPA duty refunds, gross margin was 57.5%, still ahead of the prior year. Movado Group Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Movado ended July with $211.6 million in cash and no debt, supporting financial flexibility. The company also declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and an approximately 4.6% yield at the referenced share price. Movado Group Announces Second Quarter Fiscal 2027 Results
• Neutral Sentiment: Management expects mid-single-digit sales growth and a 55%–56% gross margin for the second half of fiscal 2027, excluding additional duty refunds. However, the company discontinued its annual outlook, limiting visibility for investors. Movado Q2 2027 Earnings Call Transcript
• Negative Sentiment: Part of the earnings improvement came from $3.2 million in IEEPA duty refunds and related interest, creating concern that reported margins and earnings may not be fully recurring. The withdrawal of full-year guidance likely contributed to the stock’s decrease despite the quarterly beat.

Movado Group Stock Down 1.4%

Shares of Movado Group stock opened at $34.49 on Thursday. Movado Group Inc. has a 12-month low of $16.75 and a 12-month high of $40.50. The stock has a market capitalization of $761.54 million, a P/E ratio of 24.64 and a beta of 0.97. The company has a 50-day simple moving average of $37.50 and a 200 day simple moving average of $31.13.

Movado Group (NYSE:MOV - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.19. The firm had revenue of $169.75 million for the quarter, compared to analyst estimates of $164.20 million. Movado Group had a net margin of 4.70% and a return on equity of 7.13%. On average, equities analysts anticipate that Movado Group Inc. will post 1.87 earnings per share for the current year.

Movado Group Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 8th. Movado Group's payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

MOV has been the subject of several recent research reports. BWS Financial reissued a "buy" rating and issued a $45.00 price target on shares of Movado Group in a research report on Monday, July 27th. Weiss Ratings lowered Movado Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 28th. Zacks Research raised Movado Group from a "hold" rating to a "strong-buy" rating in a report on Friday, May 29th. Finally, Northland Securities set a $35.00 target price on Movado Group in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $40.00.

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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