Movado Group (NYSE:MOV) Hits New 1-Year High – Here’s Why

Movado Group Inc. (NYSE:MOV)’s share price reached a new 52-week high on Tuesday . The company traded as high as $29.63 and last traded at $29.53, with a volume of 262746 shares. The stock had previously closed at $28.45.

Trending Headlines about Movado Group

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

• Positive Sentiment: Movado posted better-than-expected first-quarter fiscal 2027 results, including strong revenue growth, higher margins, and a big EPS beat, which supports the stock’s move higher. Movado Group, Inc. Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Movado raised its quarterly dividend by 14.3% to $0.40 per share, a sign of stronger profitability and confidence in future cash flow. Movado Group Raises Quarterly Dividend by 14%
• Positive Sentiment: BWS Financial raised its price target on Movado Group from $31.50 to $45.00 and reiterated a buy rating, implying additional upside from current levels. Benzinga report on BWS Financial price target increase
• Positive Sentiment: Analysts and commentary pointed to improving momentum in Europe and the U.S., with the Coach brand and Movado brand strength supporting the turnaround narrative. Movado: Surprisingly, The Brand Portfolio Is Now Thriving (Rating Upgrade)
• Neutral Sentiment: Management indicated that growth may moderate ahead, which could temper enthusiasm even after the strong quarter. Movado Raises Dividend on Strong Profit and Revenue, Projects Moderation Ahead

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MOV. Northland Securities set a $35.00 target price on shares of Movado Group in a report on Wednesday. Wall Street Zen raised shares of Movado Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, BWS Financial increased their price target on shares of Movado Group from $31.50 to $45.00 and gave the stock a “buy” rating in a report on Thursday. One investment 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 presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Movado Group Trading Up 3.7%

The stock’s fifty day moving average price is $26.78 and its 200 day moving average price is $23.83. The stock has a market cap of $785.21 million, a P/E ratio of 25.40 and a beta of 0.86.

Movado Group (NYSE:MOV) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 EPS 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 analyst estimates of $135.12 million. Movado Group had a net margin of 4.70% and a return on equity of 7.13%. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, analysts anticipate that Movado Group Inc. will post 1.53 earnings per share for the current year.

Movado Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 4.5%. This is an increase from Movado Group’s previous quarterly dividend of $0.35. Movado Group’s payout ratio is 120.69%.

Hedge Funds Weigh In On Movado Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Teton Advisors LLC bought a new position in shares of Movado Group during the 3rd quarter valued at $1,178,000. Deprince Race & Zollo Inc. boosted its position in Movado Group by 27.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 258,478 shares of the company’s stock valued at $5,330,000 after buying an additional 55,967 shares during the period. Versor Investments LP purchased a new stake in Movado Group during the 3rd quarter valued at $495,000. North Star Investment Management Corp. boosted its position in Movado Group by 39.4% during the 1st quarter. North Star Investment Management Corp. now owns 131,025 shares of the company’s stock valued at $3,200,000 after buying an additional 37,000 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in Movado Group during the 1st quarter valued at $797,000. Institutional investors own 72.08% of the company’s stock.

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.