Movado Group - MOV Stock Forecast, Price & News

Movado Group's stock was trading at $41.83 at the start of the year. Since then, MOV shares have decreased by 23.9% and is now trading at $31.85.
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Movado Group, Inc. (NYSE:MOV) released its quarterly earnings results on Tuesday, November, 22nd. The company reported $1.31 EPS for the quarter. The company had revenue of $211.40 million for the quarter. Movado Group had a net margin of 13.51% and a trailing twelve-month return on equity of 22.14%.

Movado Group announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Friday, December 2nd will be given a dividend of $0.35 per share on Friday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Thursday, December 1st.
Read our dividend analysis for MOV.

Movado Group (NYSE:MOV) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.45%. 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 31.46%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MOV.

Movado Group updated its FY 2023 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $740.00 million-$750.00 million, compared to the consensus revenue estimate of $789.10 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.27%), Royce & Associates LP (5.93%), Dimensional Fund Advisors LP (5.43%), Vanguard Group Inc. (5.34%), Victory Capital Management Inc. (2.32%) and State Street Corp (2.31%). 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 $31.85.

Movado Group (NYSE:MOV) has a market capitalization of $713.76 million and generates $732.39 million in revenue each year. The company earns $91.60 million in net income (profit) each year or $4.45 on an earnings per share basis.

The company employs 940 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.