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 1 year target prices for Movado Group's shares. 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 twelve months. This suggests a possible upside of 26.4% from the stock's current price.
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Movado Group's stock was trading at $32.25 at the beginning of 2023. Since then, MOV shares have decreased by 21.5% and is now trading at $25.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our MOV earnings forecast.

Movado Group, Inc. (NYSE:MOV) announced its quarterly earnings results on Thursday, August, 24th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $160.39 million for the quarter. Movado Group had a trailing twelve-month return on equity of 14.33% and a net margin of 9.73%. During the same period last year, the business posted $1.07 earnings per share.

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 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Wednesday, September 6th.
Read our dividend analysis for MOV.

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).

Movado Group (NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.38%. 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.

Movado Group issued an update on 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.

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 a variety of institutional and retail 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.
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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 $25.32.

Movado Group (NYSE:MOV) has a market capitalization of $560.84 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.

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.