NYSE:MOV

Movado Group (MOV) Stock Forecast, Price & News

$27.55

-0.51 (-1.82%)

(As of 02:01 PM ET)

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Today's Range: $27.43
▼
$28.08
50-Day Range: $25.32
▼
$28.70
52-Week Range: $23.94
▼
$37.28

Volume: 51,450 shs
Average Volume: 150,509 shs
Market Capitalization: $610.23 million

P/E Ratio: 9.06
Dividend Yield: 5.08%
Price Target: $36.50

Movado Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 31.7% Upside
$36.50 Price Target
Short Interest: Healthy
3.04% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.28
Upright™ Environmental Score
News Sentiment: 0.65
Based on 6 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.

2.78 out of 5 stars

Retail/Wholesale Sector

40th out of 214 stocks

Watches, Clocks, Watchcases, & Parts Industry

1st out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
Movado 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/Downside
According 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 Coverage
Movado Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.04% of the float of Movado Group has been sold short.
Short Interest Ratio / Days to Cover
Movado 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 month
Short interest in Movado Group has recently decreased by 6.29%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Movado 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 Growth
Movado Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Movado Group is 46.05%. This payout ratio is at a healthy, sustainable level, below 75%.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Movado 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 Sustainability
The Environmental Impact score for Movado Group is -1.28.

2.0

News and Social Media Coverage

News Sentiment
Movado 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 Week
MarketBeat has tracked 6 news articles for Movado Group this week, compared to 3 articles on an average week.
Search Interest
Only 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 Follows
Only 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.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Movado Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
28.89% 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 Institutions
63.63% of the stock of Movado Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Movado 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MOV Stock News Headlines

October 1, 2023 | americanbankingnews.com

Movado Group (NYSE:MOV) Coverage Initiated at Benchmark

October 1, 2023 | americanbankingnews.com

Movado Group (NYSE:MOV) Shares Gap Up to $25.97

October 3, 2023 | Legacy Research (Ad)

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September 30, 2023 | msn.com

Benchmark Initiates Coverage of Movado Group (MOV) with Buy Recommendation

September 19, 2023 | finance.yahoo.com

Movado Launches New Global Campaign "Connecting the Dots"

August 28, 2023 | finance.yahoo.com

Movado Group (NYSE:MOV) Is Due To Pay A Dividend Of $0.35

August 28, 2023 | finance.yahoo.com

Is There Now An Opportunity In Movado Group, Inc. (NYSE:MOV)?

August 25, 2023 | finance.yahoo.com

Q2 2024 Movado Group Inc Earnings Call

October 3, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

August 24, 2023 | msn.com

Movado tumbles as U.S. consumer shows weakness

August 24, 2023 | markets.businessinsider.com

Movado Group Q2 Net Profit Declines; Trims FY23 Net Sales Outlook

August 24, 2023 | marketwatch.com

Movado Shares Drop 12% Amid Sluggish Watch Sales

August 23, 2023 | markets.businessinsider.com

Movado Group is about to announce its earnings — here's what Wall Street expects

August 22, 2023 | finance.yahoo.com

Movado Group, Inc. unveils new Calvin Klein watches and jewelry campaign starring Lila Moss

August 18, 2023 | seekingalpha.com

Movado: Scrutinizing Threats To Its Position In The Watch Market

August 18, 2023 | forbes.com

One Of Luxury’s Top Marketers, Scott Woodward, Talks Everything Gen Z

August 17, 2023 | finance.yahoo.com

Movado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal 2024 Results

August 9, 2023 | finance.yahoo.com

Movado Group Announces Sponsorship With Jazz at Lincoln Center

July 30, 2023 | finance.yahoo.com

Movado Group's (NYSE:MOV) investors will be pleased with their strong 239% return over the last three years

July 25, 2023 | finance.yahoo.com

Movado Group Publishes 2023 Corporate Social Responsibility Report

July 19, 2023 | stocknews.com

3 Hot Fashion Stock Picks to Buy Today

July 6, 2023 | finance.yahoo.com

Movado Group, Inc.'s (NYSE:MOV) Stock Been Rising: Are Strong Financials Guiding The Market?

June 30, 2023 | seekingalpha.com

Movado Group: Pressure On Revenue And Margin Remains

June 30, 2023 | msn.com

Movado Group: Still Attractive Despite Fundamental Deterioration

June 20, 2023 | finance.yahoo.com

Luxury Watch Market size to grow by USD 2,910.23 million from 2022 to 2027, Driven by the growing influence of fashion trends - Technavio

June 17, 2023 | seekingalpha.com

MOV Movado Group, Inc.

May 31, 2023 | finance.yahoo.com

Movado Group, Inc. (NYSE:MOV) Q1 2024 Earnings Call Transcript

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: 10/03/2023
Next Earnings (Estimated): 11/28/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Watches, clocks, watchcases, & parts
Sub-Industry: Apparel Accessories & Luxury Goods
Sector: Retail/Wholesale
Current Symbol: NYSE:MOV
CUSIP: 62458010
CIK: 72573
Web: www.movadogroup.com
Phone: (201) 267-8000
Fax: 201-267-8230
Employees: 1,457
Year Founded: 1881

Price 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 Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.04
Trailing P/E Ratio: 9.23
Forward P/E Ratio: 12.58
P/E Growth: N/A
Net Income: $94.53 million
Net Margins: 9.73%
Pretax Margin: 12.49%
Return on Equity: 14.33%
Return on Assets: 9.34%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.39
Quick Ratio: 2.90

Sales & Book Value

Annual Sales: $751.90 million
Price / Sales: 0.83
Cash Flow: $3.12 per share
Price / Cash Flow: 8.98
Book Value: $14.45 per share
Price / Book: 1.94

Miscellaneous

Outstanding Shares: 22,150,000
Free Float: 15,748,000
Market Cap: $621.53 million
Optionable: Optionable
Beta: 1.20

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Key Executives

Mr. Efraim Grinberg (Age 65)
Chairman & CEO
Comp: $3.19M

Ms. Sallie A. DeMarsilis (Age 58)
Exec. VP, COO & CFO
Comp: $1.16M

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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