Movado Group - MOV Stock Forecast, Price & News

Movado Group's stock was trading at $32.25 on January 1st, 2023. Since then, MOV stock has increased by 11.9% and is now trading at $36.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 23rd 2023.
View our MOV earnings forecast.

Movado Group, Inc. (NYSE:MOV) announced its earnings results on Tuesday, November, 22nd. The company reported $1.31 earnings per share for the quarter. The firm 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. Investors 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 dividend on an annualized basis and a yield of 3.88%. 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 3.80%. 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%. Based on earnings estimates, MOV will have a dividend payout ratio of 30.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MOV.

Movado Group issued an update on its FY 2023 earnings guidance on Thursday, December, 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 many different institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (1.98%), Confluence Investment Management LLC (0.72%), Pacer Advisors Inc. (0.63%), Hennessy Advisors Inc. (0.37%), Los Angeles Capital Management LLC (0.30%) and Euclidean Technologies Management LLC (0.27%). 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 $36.08.

Movado Group (NYSE:MOV) has a market capitalization of $808.55 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.