Movado Group (NYSE:MOV) Price Target Raised to $45.00

Movado Group (NYSE:MOV) had its target price hoisted by stock analysts at BWS Financial from $31.50 to $45.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BWS Financial’s price objective points to a potential upside of 27.53% from the stock’s current price.

Several other equities analysts also recently commented on MOV. Northland Securities set a $35.00 target price on Movado Group in a research report on Wednesday. Wall Street Zen upgraded Movado Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Movado Group Price Performance

NYSE MOV traded up $1.00 during trading on Thursday, reaching $35.29. 223,498 shares of the company’s stock were exchanged, compared to its average volume of 153,448. The business has a 50 day moving average price of $26.54 and a 200-day moving average price of $23.70. The stock has a market capitalization of $779.11 million, a P/E ratio of 30.42 and a beta of 0.86. Movado Group has a fifty-two week low of $14.70 and a fifty-two week high of $35.73.

Movado Group (NYSE:MOV) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.26. The firm had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.12 million. Movado Group had a return on equity of 6.09% and a net margin of 3.96%.During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, analysts forecast that Movado Group will post 1.53 earnings per share for the current year.

Institutional Trading of Movado Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Movado Group by 39.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Movado Group by 70.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock valued at $36,000 after buying an additional 724 shares during the period. Comerica Bank grew its stake in shares of Movado Group by 99.0% in the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock valued at $34,000 after buying an additional 888 shares during the period. State of Wyoming lifted its position in Movado Group by 23.5% in the 4th quarter. State of Wyoming now owns 5,443 shares of the company’s stock valued at $112,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Movado Group by 4.1% in the 1st quarter. Royal Bank of Canada now owns 26,524 shares of the company’s stock valued at $444,000 after acquiring an additional 1,042 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Movado Group News Summary

Here are the key news stories impacting Movado Group this week:

• Positive Sentiment: Movado posted Q1 fiscal 2027 earnings of $0.32 per share, far above the $0.06 consensus estimate, while revenue rose to $142.4 million versus expectations for $135.1 million. Movado Group, Inc. Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Margins improved sharply, with gross margin rising to 57.3% from 54.1% a year ago and operating income jumping to $7.0 million from $0.3 million, suggesting the turnaround is gaining traction. Movado Group, Inc. Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: The board raised the quarterly dividend by 14.3% to $0.40 per share, signaling management’s confidence in the company’s financial strength and balance sheet. Movado Group Raises Quarterly Dividend by 14%
• Positive Sentiment: Analysts and commentary highlighted improving brand momentum, especially for Coach and the Movado brand, with early FY2027 growth in Europe and the U.S. supporting the view that the brand portfolio is recovering. Movado: Surprisingly, The Brand Portfolio Is Now Thriving (Rating Upgrade)

About Movado Group

Movado Group, Inc is a global designer, manufacturer and distributor of watches and related jewelry products. The company’s portfolio encompasses both owned and licensed brands, offering a wide range of timepieces from luxury to accessible price points. Major owned brands include Movado, Concord, and Ebel, alongside newer acquisitions such as MVMT and Olivia Burton. In addition, Movado Group holds licensing agreements to produce watches under fashion names like Hugo Boss, Tommy Hilfiger, Coach, Lacoste and Scuderia Ferrari.

Movado Group’s product line spans classic dress watches, sport and dive models, fashion-forward designs and limited-edition collections.