Movado Group - MOV Stock Forecast, Price & News

Movado Group's stock was trading at $41.83 on January 1st, 2022. Since then, MOV shares have decreased by 14.1% and is now trading at $35.92.
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Movado Group is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Movado Group.

Movado Group, Inc. (NYSE:MOV) issued its quarterly earnings data on Thursday, May, 26th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.36. The business earned $163.42 million during the quarter. Movado Group had a trailing twelve-month return on equity of 22.38% and a net margin of 13.23%. During the same quarter last year, the business posted $0.43 EPS.

Movado Group declared a quarterly dividend on Thursday, May 26th. Investors of record on Wednesday, June 8th will be paid a dividend of $0.35 per share on Wednesday, June 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, June 7th.
View Movado Group's dividend history.

Movado Group(NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.90%. Movado Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Movado Group is 32.79%. This payout ratio is at a healthy, sustainable level, below 75%.
View Movado Group's dividend history.

Movado Group updated its FY 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $780.00 million-$800.00 million, compared to the consensus revenue estimate of $774.00 million.

60 employees have rated Movado Group CEO Efraim Grinberg on Glassdoor.com. Efraim Grinberg has an approval rating of 97% among Movado Group'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 a number of retail and institutional investors. Top institutional investors include Royce & Associates LP (5.02%), Victory Capital Management Inc. (2.67%), Tributary Capital Management LLC (2.06%), Confluence Investment Management LLC (0.79%), Euclidean Technologies Management LLC (0.23%) and Assenagon Asset Management S.A. (0.22%). Company insiders that own Movado Group stock include Alan H Howard, Alexander Grinberg, Ann Kirschner, Behzad Soltani, Efraim Grinberg, Maurice S Reznik, Mitchell Cole Sussis, Richard D Isserman, Sallie A Demarsilis, Stephen I Sadove and Vivian Delia.
View institutional ownership trends for 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.
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One share of MOV stock can currently be purchased for approximately $35.92.

Movado Group (NYSE:MOV) has a market capitalization of $810.25 million and generates $732.39 million in revenue each year. The company earns $91.60 million in net income (profit) each year or $4.27 on an earnings per share basis.

Movado Group employs 940 workers across the globe.

Movado Group was founded in 1881.

Movado Group's mailing address is 650 FROM ROAD SUITE 375, PARAMUS NJ, 07652. The official website for Movado Group 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.