Movado Group (NYSE:MOV) Earns "Buy" Rating from BWS Financial

BWS Financial reissued their buy rating on shares of Movado Group (NYSE:MOV - Free Report) in a research report sent to investors on Monday,Benzinga reports. BWS Financial currently has a $31.50 price target on the stock. BWS Financial also issued estimates for Movado Group's Q1 2026 earnings at $0.39 EPS, Q2 2026 earnings at $0.57 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $0.73 EPS and FY2026 earnings at $2.57 EPS.

Separately, StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Movado Group Stock Down 0.9 %

Shares of MOV traded down $0.13 during mid-day trading on Monday, reaching $13.93. 167,136 shares of the company's stock were exchanged, compared to its average volume of 199,836. Movado Group has a 52-week low of $12.85 and a 52-week high of $27.80. The company has a 50-day simple moving average of $16.63 and a two-hundred day simple moving average of $18.56. The company has a market cap of $308.45 million, a price-to-earnings ratio of 13.39 and a beta of 0.92.

Movado Group (NYSE:MOV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. Movado Group had a net margin of 3.62% and a return on equity of 5.38%. The company had revenue of $181.48 million for the quarter, compared to analysts' expectations of $180.62 million. As a group, equities research analysts predict that Movado Group will post 1.05 EPS for the current fiscal year.

Movado Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 10.05%. Movado Group's dividend payout ratio is presently 160.92%.

Institutional Trading of Movado Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MOV. KLP Kapitalforvaltning AS bought a new stake in Movado Group in the fourth quarter worth about $47,000. GAMMA Investing LLC grew its stake in shares of Movado Group by 3,303.5% in the 1st quarter. GAMMA Investing LLC now owns 2,893 shares of the company's stock worth $48,000 after purchasing an additional 2,808 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Movado Group by 1,597.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,412 shares of the company's stock worth $57,000 after purchasing an additional 3,211 shares in the last quarter. FMR LLC boosted its holdings in Movado Group by 393.0% during the third quarter. FMR LLC now owns 7,400 shares of the company's stock worth $138,000 after buying an additional 5,899 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Movado Group in the fourth quarter valued at $201,000. 72.08% of the stock is currently owned by institutional investors.

About Movado Group

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.