NYSE:MOV Movado Group (MOV) Stock Forecast, Price & News $27.55 -0.51 (-1.82%) (As of 02:01 PM ET) Add Compare Share Share Today's Range$27.43▼$28.0850-Day Range$25.32▼$28.7052-Week Range$23.94▼$37.28Volume51,450 shsAverage Volume150,509 shsMarket Capitalization$610.23 millionP/E Ratio9.06Dividend Yield5.08%Price Target$36.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Movado Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside31.7% Upside$36.50 Price TargetShort InterestHealthy3.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.28Upright™ Environmental ScoreNews Sentiment0.65Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.78 out of 5 starsRetail/Wholesale Sector40th out of 214 stocksWatches, Clocks, Watchcases, & Parts Industry1st out of 2 stocks 3.3 Analyst's Opinion Consensus RatingMovado Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.50, Movado Group has a forecasted upside of 31.7% from its current price of $27.71.Amount of Analyst CoverageMovado Group has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.04% of the float of Movado Group has been sold short.Short Interest Ratio / Days to CoverMovado Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Movado Group has recently decreased by 6.29%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipMovado Group is a leading dividend payer. It pays a dividend yield of 5.12%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMovado Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Movado Group is 46.05%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMovado Group has received a 18.44% net impact score from Upright. Movado seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Wrist watches", "Sports watches", and "Eyeglasses" products. See details.Environmental SustainabilityThe Environmental Impact score for Movado Group is -1.28. Previous Next 2.0 News and Social Media Coverage News SentimentMovado Group has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Movado Group this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for MOV on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Movado Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Movado Group insiders have not sold or bought any company stock.Percentage Held by Insiders28.89% of the stock of Movado Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions63.63% of the stock of Movado Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Movado Group is 9.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Movado Group is 9.12, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 15.74.Price to Book Value per Share RatioMovado Group has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Movado Group (NYSE:MOV) StockMovado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. Movado Group, Inc. was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. The company was founded in 1961 and is based in Paramus, New Jersey.Read More MOV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MOV Stock News HeadlinesOctober 1, 2023 | americanbankingnews.comMovado Group (NYSE:MOV) Coverage Initiated at BenchmarkOctober 1, 2023 | americanbankingnews.comMovado Group (NYSE:MOV) Shares Gap Up to $25.97October 3, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.September 30, 2023 | msn.comBenchmark Initiates Coverage of Movado Group (MOV) with Buy RecommendationSeptember 19, 2023 | finance.yahoo.comMovado Launches New Global Campaign "Connecting the Dots"August 28, 2023 | finance.yahoo.comMovado Group (NYSE:MOV) Is Due To Pay A Dividend Of $0.35August 28, 2023 | finance.yahoo.comIs There Now An Opportunity In Movado Group, Inc. (NYSE:MOV)?August 25, 2023 | finance.yahoo.comQ2 2024 Movado Group Inc Earnings CallOctober 3, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.August 24, 2023 | msn.comMovado tumbles as U.S. consumer shows weaknessAugust 24, 2023 | markets.businessinsider.comMovado Group Q2 Net Profit Declines; Trims FY23 Net Sales OutlookAugust 24, 2023 | marketwatch.comMovado Shares Drop 12% Amid Sluggish Watch SalesAugust 23, 2023 | markets.businessinsider.comMovado Group is about to announce its earnings — here's what Wall Street expectsAugust 22, 2023 | finance.yahoo.comMovado Group, Inc. unveils new Calvin Klein watches and jewelry campaign starring Lila MossAugust 18, 2023 | seekingalpha.comMovado: Scrutinizing Threats To Its Position In The Watch MarketAugust 18, 2023 | forbes.comOne Of Luxury’s Top Marketers, Scott Woodward, Talks Everything Gen ZAugust 17, 2023 | finance.yahoo.comMovado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal 2024 ResultsAugust 9, 2023 | finance.yahoo.comMovado Group Announces Sponsorship With Jazz at Lincoln CenterJuly 30, 2023 | finance.yahoo.comMovado Group's (NYSE:MOV) investors will be pleased with their strong 239% return over the last three yearsJuly 25, 2023 | finance.yahoo.comMovado Group Publishes 2023 Corporate Social Responsibility ReportJuly 19, 2023 | stocknews.com3 Hot Fashion Stock Picks to Buy TodayJuly 6, 2023 | finance.yahoo.comMovado Group, Inc.'s (NYSE:MOV) Stock Been Rising: Are Strong Financials Guiding The Market?June 30, 2023 | seekingalpha.comMovado Group: Pressure On Revenue And Margin RemainsJune 30, 2023 | msn.comMovado Group: Still Attractive Despite Fundamental DeteriorationJune 20, 2023 | finance.yahoo.comLuxury Watch Market size to grow by USD 2,910.23 million from 2022 to 2027, Driven by the growing influence of fashion trends - TechnavioJune 17, 2023 | seekingalpha.comMOV Movado Group, Inc.May 31, 2023 | finance.yahoo.comMovado Group, Inc. (NYSE:MOV) Q1 2024 Earnings Call TranscriptSee More Headlines Receive MOV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Movado Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MOV Company Calendar Last Earnings8/24/2023Ex-Dividend for 9/21 Dividend9/06/2023Dividend Payable9/21/2023Today10/03/2023Next Earnings (Estimated)11/28/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Watches, clocks, watchcases, & parts Sub-IndustryApparel Accessories & Luxury Goods SectorRetail/Wholesale Current SymbolNYSE:MOV CUSIP62458010 CIK72573 Webwww.movadogroup.com Phone(201) 267-8000Fax201-267-8230Employees1,457Year Founded1881Price Target and Rating Average Stock Price Forecast$36.50 High Stock Price Forecast$41.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+30.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.04 Trailing P/E Ratio9.23 Forward P/E Ratio12.58 P/E GrowthN/ANet Income$94.53 million Net Margins9.73% Pretax Margin12.49% Return on Equity14.33% Return on Assets9.34% Debt Debt-to-Equity RatioN/A Current Ratio4.39 Quick Ratio2.90 Sales & Book Value Annual Sales$751.90 million Price / Sales0.83 Cash Flow$3.12 per share Price / Cash Flow8.98 Book Value$14.45 per share Price / Book1.94Miscellaneous Outstanding Shares22,150,000Free Float15,748,000Market Cap$621.53 million OptionableOptionable Beta1.20 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Efraim Grinberg (Age 65)Chairman & CEO Comp: $3.19MMs. Sallie A. DeMarsilis (Age 58)Exec. VP, COO & CFO Comp: $1.16MMr. Behzad Soltani (Age 51)Exec. VP, Commercial Pres & Chief Technology Officer Comp: $1.03MMr. Mitchell C. Sussis (Age 58)Sr. VP, Gen. Counsel & Sec. Comp: $598.18kLinda FeeneySr. VP & Principal Accounting OfficerMr. Stephane GerschelChief Marketing OfficerMs. Michelle KennedySr. VP of HRMr. Alexander Grinberg (Age 60)Sr. VP of Customer Experience & Director Ms. Margot GrinbergPres of the Movado Brand & Sr. VP of E-CommerceMr. Francis Anthony Morelli (Age 72)Sr. VP of Global Information Technology & Operations More ExecutivesKey CompetitorsChico's FASNYSE:CHSAmerica's Car-MartNASDAQ:CRMTBJ's RestaurantsNASDAQ:BJRIHibbettNASDAQ:HIBBTitan MachineryNASDAQ:TITNView All CompetitorsInsiders & InstitutionsBarclays PLCBought 630 shares on 9/21/2023Ownership: 0.063%Comerica BankBought 655 shares on 8/22/2023Ownership: 0.003%California State Teachers Retirement SystemSold 591 shares on 8/21/2023Ownership: 0.085%Nuveen Asset Management LLCBought 1,668 shares on 8/16/2023Ownership: 0.289%Alliancebernstein L.P.Bought 1,750 shares on 8/15/2023Ownership: 0.045%View All Insider TransactionsView All Institutional Transactions MOV Stock - Frequently Asked Questions Should I buy or sell Movado Group stock right now? 2 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 and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MOV shares. View MOV analyst ratings or view top-rated stocks. What is Movado Group's stock price forecast for 2023? 2 brokerages have issued 12-month target prices for Movado Group's stock. Their MOV share price forecasts range from $32.00 to $41.00. On average, they predict the company's share price to reach $36.50 in the next year. This suggests a possible upside of 30.1% 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 on January 1st, 2023. Since then, MOV shares have decreased by 13.0% and is now trading at $28.06. 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 Tuesday, November 28th 2023. View our MOV earnings forecast. How were Movado Group's earnings last quarter? Movado Group, Inc. (NYSE:MOV) posted its quarterly earnings data on Thursday, August, 24th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm earned $160.39 million during the quarter. Movado Group had a net margin of 9.73% and a trailing twelve-month return on equity of 14.33%. During the same period in the previous year, the company posted $1.07 EPS. How often does Movado Group pay dividends? What is the dividend yield for Movado Group? Movado Group announced a quarterly dividend on Thursday, August 24th. Investors of record on Thursday, September 7th will be paid a dividend of $0.35 per share on Thursday, September 21st. This represents a $1.40 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Wednesday, September 6th. Read our dividend analysis for MOV. What ETFs hold Movado Group's stock? ETFs with the largest weight of Movado Group (NYSE:MOV) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).Hartford Multifactor Small Cap ETF (ROSC). 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 5.12%. 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 46.05%. 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 updated its FY 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share guidance of $2.15-$2.25 for the period, compared to the consensus earnings per share estimate of $2.80. The company issued revenue guidance of $690.00 million-$700.00 million, compared to the consensus revenue estimate of $737.90 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." 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 $28.06. How much money does Movado Group make? Movado Group (NYSE:MOV) has a market capitalization of $621.53 million and generates $751.90 million in revenue each year. The company earns $94.53 million in net income (profit) each year or $3.04 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 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Movado Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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