Movado Group Q4 EPS Estimate Raised by Northland Securities

Movado Group Inc. (NYSE:MOV) – Stock analysts at Northland Securities raised their Q4 2027 earnings per share (EPS) estimates for Movado Group in a research report issued to clients and investors on Wednesday, May 27th. Northland Securities analyst O. Rickert now expects that the company will post earnings per share of $0.59 for the quarter, up from their previous forecast of $0.55. The consensus estimate for Movado Group’s current full-year earnings is $1.53 per share. Northland Securities also issued estimates for Movado Group’s Q1 2028 earnings at $0.24 EPS and Q4 2028 earnings at $0.63 EPS.

Movado Group (NYSE:MOV) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.26. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.The firm had revenue of $142.40 million during the quarter, compared to analysts’ expectations of $135.12 million. During the same period last year, the business posted $0.06 earnings per share.

Several other research analysts have also recently weighed in on MOV. Wall Street Zen upgraded Movado Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. BWS Financial lifted their price target on Movado Group from $31.50 to $45.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Movado Group Stock Up 3.7%

Shares of NYSE:MOV opened at $35.56 on Friday. The business has a 50-day moving average price of $26.78 and a 200-day moving average price of $23.83. The stock has a market cap of $785.21 million, a price-to-earnings ratio of 25.40 and a beta of 0.86. Movado Group has a 52-week low of $14.70 and a 52-week high of $35.78.

Movado Group Increases Dividend

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

Hedge Funds Weigh In On Movado Group

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Movado Group by 39.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. Comerica Bank raised its stake in shares of Movado Group by 99.0% during the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 888 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Movado Group by 70.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock worth $36,000 after buying an additional 724 shares during the period. Fifth Third Bancorp raised its stake in shares of Movado Group by 16,040.0% during the 1st quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock worth $39,000 after buying an additional 1,604 shares during the period. Finally, State of Wyoming acquired a new position in shares of Movado Group during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds 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.