NYSE:MOV Movado Group (MOV) Stock Forecast, Price & News $26.71 +0.79 (+3.05%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$25.81▼$26.9350-Day Range$24.31▼$29.1052-Week Range$24.25▼$37.31Volume155,923 shsAverage Volume165,628 shsMarket Capitalization$591.36 millionP/E Ratio7.16Dividend Yield5.24%Price Target$32.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Movado Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside19.4% Upside$32.00 Price TargetShort InterestHealthy4.33% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.28Upright™ Environmental ScoreNews Sentiment0.71Based on 4 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.2.42 out of 5 starsRetail/Wholesale Sector63rd out of 203 stocksWatches, Clocks, Watchcases, & Parts Industry1st out of 1 stocks 2.0 Analyst's Opinion Consensus RatingMovado Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.00, Movado Group has a forecasted upside of 19.4% from its current price of $26.81.Amount of Analyst CoverageMovado Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.33% 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 3.4, 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 4.63%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipMovado Group is a leading dividend payer. It pays a dividend yield of 5.23%, 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 37.53%. 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 3.2 News and Social Media Coverage News SentimentMovado Group has a news sentiment score of 0.71. 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 is a higher news sentiment than the 0.46 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Movado Group this week, compared to 2 articles on an average week.Search Interest8 people have searched for MOV on MarketBeat in the last 30 days. This is an increase of 100% 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 Institutions67.21% 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 7.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Movado Group is 7.19, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.83.Price to Book Value per Share RatioMovado Group has a P/B Ratio of 1.86. 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. 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.Read More 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 Stock News HeadlinesMay 31, 2023 | finance.yahoo.comMovado Group, Inc. (NYSE:MOV) Q1 2024 Earnings Call TranscriptMay 31, 2023 | americanbankingnews.comMovado Group (NYSE:MOV) Updates FY 2024 Earnings GuidanceJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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 >>>May 28, 2023 | finance.yahoo.comMovado Group's (NYSE:MOV) Dividend Will Be $0.35May 26, 2023 | msn.comLooking Into Movado Group's Return On Capital EmployedMay 26, 2023 | americanbankingnews.comMovado Group, Inc. (NYSE:MOV) Announces Quarterly Dividend of $0.35May 26, 2023 | finance.yahoo.comQ1 2024 Movado Group Inc Earnings CallMay 25, 2023 | msn.comMovado Group Q1: 11% Revenue Dip, Difficult Consumer Environment & MoreJune 6, 2023 | Behind the Markets (Ad)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%...May 25, 2023 | msn.comMovado offers mixed Q1 update, maintains guidanceMay 25, 2023 | markets.businessinsider.comMovado Group Q1 Net Income Declines; Net Sales Down 11.3%May 25, 2023 | finance.yahoo.comMovado Group, Inc. Announces First Quarter Fiscal 2024 ResultsMay 24, 2023 | markets.businessinsider.comMovado Group is about to announce earnings — here's what Wall Street expectsMay 18, 2023 | finance.yahoo.comMovado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2024 ResultsMay 18, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Movado Group (NYSE:MOV)May 14, 2023 | finance.yahoo.comCalculating The Fair Value Of Movado Group, Inc. (NYSE:MOV)May 11, 2023 | marketwatch.com2030, Luxury Goods Market Growth | Future Prospects and Competitive AnalysisMay 8, 2023 | marketwatch.comMovado Group $MOV Pivots Trading Plans and Risk ControlsMay 4, 2023 | marketwatch.comLuxury Goods Market in 2030: Global Value Chain Optimization Report 2023May 1, 2023 | finance.yahoo.comMovado Group Announces Appointment of Michelle Kennedy as Senior Vice President, Human ResourcesApril 27, 2023 | marketwatch.comWrist Watch Market Overview and Scope By 2031April 22, 2023 | marketwatch.comGlobal Luxury Goods Market by [2023-2029] with Revenue OutsourcingApril 16, 2023 | finance.yahoo.comWith 69% ownership, Movado Group, Inc. (NYSE:MOV) boasts of strong institutional backingApril 12, 2023 | seekingalpha.comMovado Group: An Undervalued Investment Opportunity Amid Market ChallengesApril 2, 2023 | americanbankingnews.comMovado Group, Inc. (MOV) To Go Ex-Dividend on April 4thMarch 28, 2023 | marketwatch.comLuxury Goods Market 2023 Size and Forecast to 2030March 27, 2023 | finance.yahoo.comMovado Shows Now Isn't the Time to Issue Disappointing GuidanceSee More Headlines MOV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MOV Company Calendar Last Earnings3/23/2023Ex-Dividend for 4/19 Dividend4/04/2023Dividend Payable4/19/2023Today6/06/2023Ex-Dividend for 6/21 Dividend6/06/2023Dividend Payable6/21/2023Next Earnings (Estimated)8/24/2023Fiscal 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$32.00 High Stock Price Forecast$32.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+20.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.73 Trailing P/E Ratio7.13 Forward P/E Ratio9.50 P/E GrowthN/ANet Income$94.53 million Net Margins11.61% Pretax Margin14.79% Return on Equity17.83% Return on Assets11.38% Debt Debt-to-Equity RatioN/A Current Ratio4.53 Quick Ratio2.85 Sales & Book Value Annual Sales$751.90 million Price / Sales0.78 Cash Flow$3.03 per share Price / Cash Flow8.78 Book Value$14.45 per share Price / Book1.84Miscellaneous Outstanding Shares22,140,000Free Float15,745,000Market Cap$589.15 million OptionableOptionable Beta1.20 Social Links Key ExecutivesEfraim GrinbergChairman & Chief Executive OfficerSallie A. DeMarsilisChief Operating & Financial Officer, Executive VPBehzad SoltaniChief Technology Officer & President-CommercialMitchell C. SussisSecretary, Senior Vice President & General CounselAlex GrinbergDirector & Senior VP-Consumer Centric InitiativesKey CompetitorsTitan MachineryNASDAQ:TITNAmerica's Car-MartNASDAQ:CRMTDingdong (Cayman)NYSE:DDLBigCommerceNASDAQ:BIGCShoe CarnivalNASDAQ:SCVLView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 11,125 shares on 5/22/2023Ownership: 2.308%Putnam Investments LLCBought 775 shares on 5/22/2023Ownership: 0.054%JPMorgan Chase & Co.Bought 14,684 shares on 5/18/2023Ownership: 0.672%New York State Common Retirement FundBought 5,958 shares on 5/18/2023Ownership: 0.085%Thrivent Financial for LutheransSold 733 shares on 5/17/2023Ownership: 0.070%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Movado Group's stock? 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). 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 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. 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