Movado Group (MOV) Stock Forecast, Price & News

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.

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.

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

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%.

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.

ETFs with the largest weight of Movado Group (NYSE:MOV) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap Value with Momentum ETF (XSVM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).

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.

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.

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.

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).

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

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

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.

The company employs 1,457 workers across the globe.

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.