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NYSE:MOV

Movado Group (MOV) Stock Forecast, Price & News

$26.03
-0.63 (-2.36%)
(As of 09/22/2023 ET)
Compare
Today's Range
$25.99
$26.84
50-Day Range
$25.74
$28.70
52-Week Range
$23.94
$37.28
Volume
106,166 shs
Average Volume
152,069 shs
Market Capitalization
$576.56 million
P/E Ratio
8.56
Dividend Yield
5.38%
Price Target
$32.00

Movado Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.9% Upside
$32.00 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.28
Upright™ Environmental Score
News Sentiment
1.39mentions of Movado Group in the last 14 days
Based on 2 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.

2.34 out of 5 stars

Consumer Cyclical Sector

18th out of 27 stocks

Luxury Goods Industry

2nd out of 2 stocks


MOV stock logo

About Movado Group (NYSE:MOV) Stock

Movado 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.

MOV Price History

MOV Stock News Headlines

Movado Launches New Global Campaign "Connecting the Dots"
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Q2 2024 Movado Group Inc Earnings Call
Movado Group Q2 Net Profit Declines; Trims FY23 Net Sales Outlook
Movado Shares Drop 12% Amid Sluggish Watch Sales
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
3 Hot Fashion Stock Picks to Buy Today
MOV Movado Group, Inc.
Movado Group's (NYSE:MOV) Dividend Will Be $0.35
Q1 2024 Movado Group Inc Earnings Call
See More Headlines
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MOV Company Calendar

Last Earnings
8/24/2023
Ex-Dividend for 9/21 Dividend
9/06/2023
Dividend Payable
9/21/2023
Today
9/22/2023
Next Earnings (Estimated)
11/28/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Luxury Goods
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
62458010
Employees
992
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
+19.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$94.53 million
Pretax Margin
12.49%

Debt

Sales & Book Value

Annual Sales
$751.90 million
Cash Flow
$3.06 per share
Book Value
$22.75 per share

Miscellaneous

Free Float
15,748,000
Market Cap
$591.63 million
Optionable
Optionable
Beta
1.23

Social Links

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Key Executives

  • Mr. Efraim GrinbergMr. Efraim Grinberg (Age 65)
    Chairman & CEO
    Comp: $3.19M
  • Ms. Sallie A. DeMarsilisMs. Sallie A. DeMarsilis (Age 58)
    Exec. VP, COO & CFO
    Comp: $1.16M
  • Mr. Behzad SoltaniMr. Behzad Soltani (Age 51)
    Exec. VP, Commercial Pres & Chief Technology Officer
    Comp: $1.03M
  • Mr. Mitchell C. Sussis (Age 58)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $598.18k
  • Linda Feeney
    Sr. VP & Principal Accounting Officer
  • Mr. Stephane Gerschel
    Chief Marketing Officer
  • Ms. Michelle Kennedy
    Sr. VP of HR
  • Mr. Alexander Grinberg (Age 60)
    Sr. VP of Customer Experience & Director
  • Ms. Margot Grinberg
    Pres of the Movado Brand & Sr. VP of E-Commerce
  • Mr. Francis Anthony Morelli (Age 72)
    Sr. VP of Global Information Technology & Operations













MOV Stock - Frequently Asked Questions

Should I buy or sell Movado Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Movado Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 brokers have issued twelve-month target prices for Movado Group's stock. Their MOV share price forecasts range from $32.00 to $32.00. On average, they expect the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 19.8% 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 17.2% and is now trading at $26.71.
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 for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $160.39 million for 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 business earned $1.07 EPS.

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

Movado Group declared 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 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date 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 5.27%. 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 (EPS) guidance of $2.15-$2.25 for the period, compared to the consensus 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."

Who are Movado Group's major shareholders?

Movado Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.39%), Royce & Associates LP (7.57%), Dimensional Fund Advisors LP (5.50%), State Street Corp (2.61%), Geode Capital Management LLC (1.39%) and Bank of New York Mellon Corp (1.35%). 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 $26.71.

How much money does Movado Group make?

Movado Group (NYSE:MOV) has a market capitalization of $591.63 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 992 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 9/22/2023 by MarketBeat.com Staff

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