Northland Securities Weighs in on Movado Group Q3 Earnings

Movado Group Inc. (NYSE:MOV) – Equities researchers at Northland Securities lowered their Q3 2027 earnings per share (EPS) estimates for shares of Movado Group in a research note issued on Wednesday, August 26th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of $0.51 for the quarter, down from their previous forecast of $0.58. The consensus estimate for Movado Group’s current full-year earnings is $1.89 per share. Northland Securities also issued estimates for Movado Group’s Q4 2027 earnings at $0.52 EPS.

Movado Group (NYSE:MOV) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.19. Movado Group had a return on equity of 8.49% and a net margin of 6.00%.The firm had revenue of $169.75 million for the quarter, compared to the consensus estimate of $164.20 million.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Movado Group in a research note on Tuesday, August 25th. Zacks Research upgraded shares of Movado Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. BWS Financial restated a “buy” rating and issued a $45.00 price target on shares of Movado Group in a research report on Monday, July 27th. Finally, Wall Street Zen cut shares of Movado Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $40.00.

Movado Group Stock Performance

NYSE:MOV opened at $33.83 on Monday. Movado Group has a 1 year low of $17.24 and a 1 year high of $40.50. The stock has a market capitalization of $746.97 million, a price-to-earnings ratio of 18.79 and a beta of 0.97. The stock has a fifty day moving average price of $37.23 and a two-hundred day moving average price of $31.34.

Movado Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 8th. Movado Group’s payout ratio is presently 88.89%.

Hedge Funds Weigh In On Movado Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Movado Group during the second quarter worth approximately $52,824,000. Vanguard Group Inc. raised its holdings in Movado Group by 5.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,029,220 shares of the company’s stock worth $19,524,000 after buying an additional 57,353 shares during the period. Goldman Sachs Group Inc. raised its holdings in Movado Group by 3.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 888,244 shares of the company’s stock worth $18,316,000 after buying an additional 29,137 shares during the period. Brandes Investment Partners LP lifted its stake in Movado Group by 5.6% during the fourth quarter. Brandes Investment Partners LP now owns 704,036 shares of the company’s stock valued at $14,517,000 after buying an additional 37,587 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Movado Group by 14.4% during the second quarter. Ameriprise Financial Inc. now owns 636,862 shares of the company’s stock valued at $9,712,000 after buying an additional 80,109 shares in the last quarter. Institutional investors own 72.08% of the company’s stock.

Movado Group Company Profile

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.