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NYSE:MOV

Movado Group (MOV) Stock Forecast, Price & News

$26.71
+0.79 (+3.05%)
(As of 06/6/2023 ET)
Compare
Today's Range
$25.81
$26.93
50-Day Range
$24.31
$29.10
52-Week Range
$24.25
$37.31
Volume
155,923 shs
Average Volume
165,628 shs
Market Capitalization
$591.36 million
P/E Ratio
7.16
Dividend Yield
5.24%
Price Target
$32.00

Movado Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
19.4% Upside
$32.00 Price Target
Short Interest
Healthy
4.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.28
Upright™ Environmental Score
News Sentiment
0.71mentions of Movado Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Retail/Wholesale Sector

63rd out of 203 stocks

Watches, Clocks, Watchcases, & Parts Industry

1st out of 1 stocks


MOV stock logo

About Movado Group (NYSE:MOV) Stock

Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through the Watch and Accessory Brands, and Company Stores segments. The Watch and Accessory Brands segment includes the distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment is composed of the company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

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MOV Stock News Headlines

Movado Group (NYSE:MOV) Updates FY 2024 Earnings Guidance
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Movado Group's (NYSE:MOV) Dividend Will Be $0.35
Q1 2024 Movado Group Inc Earnings Call
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Movado Group Q1 Net Income Declines; Net Sales Down 11.3%
StockNews.com Initiates Coverage on Movado Group (NYSE:MOV)
Wrist Watch Market Overview and Scope By 2031
Movado Group, Inc. (MOV) To Go Ex-Dividend on April 4th
Luxury Goods Market 2023 Size and Forecast to 2030
See More Headlines

MOV Price History

MOV Company Calendar

Last Earnings
3/23/2023
Ex-Dividend for 4/19 Dividend
4/04/2023
Dividend Payable
4/19/2023
Today
6/06/2023
Ex-Dividend for 6/21 Dividend
6/06/2023
Dividend Payable
6/21/2023
Next Earnings (Estimated)
8/24/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Watches, clocks, watchcases, & parts
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
62458010
Employees
1,457
Year Founded
1881

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$94.53 million
Pretax Margin
14.79%

Debt

Sales & Book Value

Annual Sales
$751.90 million
Cash Flow
$3.03 per share
Book Value
$14.45 per share

Miscellaneous

Free Float
15,745,000
Market Cap
$589.15 million
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Efraim GrinbergEfraim Grinberg
    Chairman & Chief Executive Officer
  • Sallie A. DeMarsilisSallie A. DeMarsilis
    Chief Operating & Financial Officer, Executive VP
  • Behzad SoltaniBehzad Soltani
    Chief Technology Officer & President-Commercial
  • Mitchell C. Sussis
    Secretary, Senior Vice President & General Counsel
  • Alex Grinberg
    Director & Senior VP-Consumer Centric Initiatives













MOV Stock - Frequently Asked Questions

Should I buy or sell Movado Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MOV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MOV, but not buy additional shares or sell existing shares.
View MOV analyst ratings
or view top-rated stocks.

What is Movado Group's stock price forecast for 2023?

1 analysts have issued twelve-month price objectives for Movado Group's stock. Their MOV share price forecasts range from $32.00 to $32.00. On average, they predict the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for MOV
or view top-rated stocks among Wall Street analysts.

How have MOV shares performed in 2023?

Movado Group's stock was trading at $32.25 at the beginning of 2023. Since then, MOV shares have decreased by 17.5% and is now trading at $26.61.
View the best growth stocks for 2023 here
.

When is Movado Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our MOV earnings forecast
.

How were Movado Group's earnings last quarter?

Movado Group, Inc. (NYSE:MOV) issued its earnings results on Thursday, March, 23rd. The company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $194.27 million for the quarter. Movado Group had a net margin of 11.61% and a trailing twelve-month return on equity of 17.83%.

How often does Movado Group pay dividends? What is the dividend yield for Movado Group?

Movado Group declared a quarterly dividend on Thursday, May 25th. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.35 per share on Wednesday, June 21st. This represents a $1.40 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Tuesday, June 6th.
Read our dividend analysis for MOV
.

Is Movado Group a good dividend stock?

Movado Group (NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.23%. MOV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MOV.

What guidance has Movado Group issued on next quarter's earnings?

Movado Group issued an update on its FY 2024 earnings guidance on Tuesday, May, 30th. The company provided earnings per share (EPS) guidance of $2.70-$2.90 for the period, compared to the consensus earnings per share estimate of $2.79. The company issued revenue guidance of $725.00 million-$750.00 million, compared to the consensus revenue estimate of $736.70 million.

What is Efraim Grinberg's approval rating as Movado Group's CEO?

60 employees have rated Movado Group Chief Executive Officer Efraim Grinberg on Glassdoor.com. Efraim Grinberg has an approval rating of 97% among the company's employees. This puts Efraim Grinberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Movado Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Movado Group investors own include Pfizer (PFE), Gilead Sciences (GILD), Intel (INTC), Fossil Group (FOSL), Alibaba Group (BABA), JD.com (JD), Hello Group (MOMO), NVIDIA (NVDA), Cisco Systems (CSCO) and Micron Technology (MU).

What is Movado Group's stock symbol?

Movado Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MOV."

Who are Movado Group's major shareholders?

Movado Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.51%), Royce & Associates LP (7.65%), Dimensional Fund Advisors LP (5.81%), State Street Corp (2.60%), Ameriprise Financial Inc. (2.31%) and First Trust Advisors LP (1.57%). Insiders that own company stock include Alan H Howard, Alexander Grinberg, Ann Kirschner, Behzad Soltani, Efraim Grinberg, Mitchell Cole Sussis, Richard D Isserman, Sallie A Demarsilis, Stephen I Sadove and Vivian Delia.
View institutional ownership trends
.

How do I buy shares of Movado Group?

Shares of MOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Movado Group's stock price today?

One share of MOV stock can currently be purchased for approximately $26.61.

How much money does Movado Group make?

Movado Group (NYSE:MOV) has a market capitalization of $589.15 million and generates $751.90 million in revenue each year. The company earns $94.53 million in net income (profit) each year or $3.73 on an earnings per share basis.

How many employees does Movado Group have?

The company employs 1,457 workers across the globe.

How can I contact Movado Group?

Movado Group's mailing address is 650 FROM ROAD SUITE 375, PARAMUS NJ, 07652. The official website for the company is www.movadogroup.com. The company can be reached via phone at (201) 267-8000, via email at sdemarsilis@movadogroup.com, or via fax at 201-267-8230.

This page (NYSE:MOV) was last updated on 6/6/2023 by MarketBeat.com Staff

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