Movado Group (NYSE:MOV) Releases FY 2025 Earnings Guidance

Movado Group (NYSE:MOV) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.900-1.000 for the period, compared to the consensus estimate of 1.260. The company issued revenue guidance of $665.0 million-$675.0 million, compared to the consensus revenue estimate of $701.5 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a buy rating and issued a $41.00 target price on shares of Movado Group in a research note on Friday, May 31st.

Movado Group Stock Down 12.9 %

MOV traded down $2.91 during midday trading on Thursday, reaching $19.67. 38,182 shares of the company’s stock were exchanged, compared to its average volume of 154,952. The firm has a market capitalization of $436.87 million, a price-to-earnings ratio of 10.99 and a beta of 1.00. Movado Group has a one year low of $19.00 and a one year high of $31.44. The business has a 50-day simple moving average of $24.55 and a two-hundred day simple moving average of $25.93.

Movado Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.12%. Movado Group’s dividend payout ratio (DPR) is currently 78.21%.

Insider Activity

In related news, SVP Michelle Kennedy sold 1,245 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $26.05, for a total value of $32,432.25. Following the completion of the sale, the senior vice president now owns 12,202 shares of the company’s stock, valued at $317,862.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 30.11% of the stock is currently owned by corporate insiders.

About Movado Group

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.