Q2 EPS Estimates for Movado Group Decreased by BWS Financial

Movado Group Inc. (NYSE:MOV) – Investment analysts at BWS Financial cut their Q2 2027 EPS estimates for Movado Group in a research report issued on Wednesday, November 26th. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.37. BWS Financial has a “Buy” rating and a $31.50 price objective on the stock. The consensus estimate for Movado Group’s current full-year earnings is $1.05 per share.

Movado Group (NYSE:MOV) last released its earnings results on Tuesday, November 25th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). Movado Group had a return on equity of 5.45% and a net margin of 2.66%.The firm had revenue of $186.13 million during the quarter, compared to analyst estimates of $185.89 million. During the same quarter last year, the business posted $0.22 EPS.

A number of other research firms have also commented on MOV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Movado Group in a research note on Tuesday. Zacks Research raised Movado Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Movado Group presently has an average rating of “Hold” and a consensus target price of $31.50.

Movado Group Price Performance

NYSE MOV opened at $21.21 on Thursday. The company has a market capitalization of $469.48 million, a P/E ratio of 27.54 and a beta of 1.25. Movado Group has a 1-year low of $12.85 and a 1-year high of $22.20. The business has a 50 day moving average price of $18.69 and a 200 day moving average price of $17.39.

Institutional Trading of Movado Group

Several institutional investors and hedge funds have recently bought and sold shares of MOV. Coppell Advisory Solutions LLC grew its holdings in shares of Movado Group by 14,191.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 1,715 shares of the company’s stock valued at $29,000 after acquiring an additional 1,703 shares in the last quarter. Comerica Bank grew its stake in 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 last quarter. CWM LLC increased its stake in shares of Movado Group by 49.9% in the second quarter. CWM LLC now owns 2,588 shares of the company’s stock worth $39,000 after purchasing an additional 862 shares during the period. State of Wyoming acquired a new position in shares of Movado Group during the second quarter worth approximately $40,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Movado Group by 20.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,655 shares of the company’s stock valued at $88,000 after purchasing an additional 790 shares during the period. Institutional investors and hedge funds own 72.08% of the company’s stock.

Movado Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $1.40 annualized dividend and a yield of 6.6%. Movado Group’s dividend payout ratio (DPR) is currently 181.82%.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.