Movado Group (MOV) Projected to Post Earnings on Thursday

Movado Group (NYSE:MOV - Get Free Report) is projected to announce its Q1 2026 earnings results before the market opens on Thursday, May 29th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $142.11 million for the quarter.

Movado Group (NYSE:MOV - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. The business had revenue of $181.48 million for the quarter, compared to analyst estimates of $180.62 million. Movado Group had a return on equity of 5.38% and a net margin of 3.62%. On average, analysts expect Movado Group to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Movado Group Trading Down 1.0%

Shares of NYSE:MOV traded down $0.17 during midday trading on Friday, hitting $16.79. The stock had a trading volume of 182,738 shares, compared to its average volume of 207,894. The stock has a 50 day moving average price of $15.39 and a two-hundred day moving average price of $18.12. The company has a market capitalization of $373.36 million, a PE ratio of 16.14 and a beta of 1.17. Movado Group has a 1 year low of $12.85 and a 1 year high of $27.31.

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Tuesday, April 22nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 8.34%. Movado Group's dividend payout ratio is currently 160.92%.

Institutional Investors Weigh In On Movado Group

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Movado Group by 11.4% during the first quarter. Jane Street Group LLC now owns 104,188 shares of the company's stock valued at $1,742,000 after acquiring an additional 10,670 shares during the period. Empowered Funds LLC grew its position in Movado Group by 5.5% in the first quarter. Empowered Funds LLC now owns 108,377 shares of the company's stock valued at $1,812,000 after acquiring an additional 5,697 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Movado Group by 212.8% in the first quarter. Goldman Sachs Group Inc. now owns 671,397 shares of the company's stock valued at $11,226,000 after acquiring an additional 456,727 shares in the last quarter. AQR Capital Management LLC boosted its position in Movado Group by 26.5% in the 1st quarter. AQR Capital Management LLC now owns 129,746 shares of the company's stock valued at $2,169,000 after buying an additional 27,182 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Movado Group by 4.1% in the 1st quarter. Royal Bank of Canada now owns 26,524 shares of the company's stock valued at $444,000 after buying an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 72.08% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MOV. BWS Financial reiterated a "buy" rating and issued a $31.50 price objective on shares of Movado Group in a research report on Monday, April 21st. Wall Street Zen downgraded Movado Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.