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 stock has decreased by 23.1% and is now trading at $32.15.
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Movado Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,440,000 shares, an increase of 19.0% from the August 15th total of 1,210,000 shares. Based on an average trading volume of 134,800 shares, the short-interest ratio is presently 10.7 days. Currently, 9.4% of the shares of the stock are short sold.
View Movado Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our MOV earnings forecast.

Movado Group, Inc. (NYSE:MOV) issued its quarterly earnings results on Thursday, August, 25th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.36. The business had revenue of $182.80 million for the quarter. Movado Group had a trailing twelve-month return on equity of 22.90% and a net margin of 13.68%.

Movado Group declared a quarterly dividend on Thursday, August 25th. Investors of record on Wednesday, September 7th will be paid a dividend of $0.35 per share on Wednesday, September 21st. This represents a $1.40 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Tuesday, September 6th.
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 4.42%. 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 31.11%. 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 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $780.00 million-$790.00 million, compared to the consensus revenue estimate of $796.20 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 many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.76%). 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.

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 $32.15.

Movado Group (NYSE:MOV) has a market capitalization of $720.61 million and generates $732.39 million in revenue each year. The company earns $91.60 million in net income (profit) each year or $4.50 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.