Movado Group (MOV) to Release Quarterly Earnings on Thursday

Key Points

• Movado Group is expected to report Q2 fiscal 2027 results before the market opens on August 27. Analysts forecast earnings of $0.3525 per share on revenue of approximately $164.2 million; the earnings call is scheduled for August 26 at 9:00 a.m. ET.
• The company exceeded expectations in its previous quarter, reporting $0.32 in EPS versus a $0.06 consensus estimate and revenue of $142.4 million versus expectations of $135.12 million.
• Movado recently raised its quarterly dividend to $0.40 per share, equal to a 4.5% yield, while analysts maintain a consensus “Buy” rating and a $40 price target.

Movado Group (NYSE:MOV - Get Free Report) is expected to be releasing its Q2 2027 results before the market opens on Thursday, August 27th. Analysts expect Movado Group to announce earnings of $0.3525 per share and revenue of $164.1980 million for the quarter. Interested persons may review the information on the company's upcoming Q2 2027 earning results page for the latest details on the call scheduled for Wednesday, August 26, 2026 at 9:00 AM ET.

Movado Group (NYSE:MOV - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.26. The company had revenue of $142.40 million for the quarter, compared to analyst estimates of $135.12 million. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts expect Movado Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Movado Group Stock Up 0.6%

Shares of NYSE:MOV opened at $35.55 on Thursday. The business has a fifty day moving average of $37.78 and a two-hundred day moving average of $30.75. The stock has a market cap of $785.05 million, a P/E ratio of 25.40 and a beta of 0.97. Movado Group has a 52-week low of $16.22 and a 52-week high of $40.50.

Movado Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 4.5%. This is a boost from Movado Group's previous quarterly dividend of $0.35. Movado Group's payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BWS Financial reissued a "buy" rating and set a $45.00 price target on shares of Movado Group in a research report on Monday, July 27th. Zacks Research upgraded shares of Movado Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 29th. Northland Securities set a $35.00 target price on shares of Movado Group in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Movado Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $40.00.

Hedge Funds Weigh In On Movado Group

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in 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 purchasing an additional 449 shares during the period. Comerica Bank lifted its stake in Movado Group by 99.0% during the third quarter. Comerica Bank now owns 1,785 shares of the company's stock worth $34,000 after purchasing an additional 888 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Movado Group by 70.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company's stock worth $36,000 after buying an additional 724 shares during the period. State of Wyoming purchased a new position in shares of Movado Group during the second quarter worth $40,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Movado Group in the second quarter valued at $188,000. Hedge funds and other institutional investors own 72.08% of the company's stock.

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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