Northland Securities Predicts Movado Group Q1 Earnings

Movado Group Inc. (NYSE:MOV) – Stock analysts at Northland Securities raised their Q1 2028 earnings per share estimates for Movado Group in a report released on Thursday, June 4th. Northland Securities analyst O. Rickert now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Movado Group’s current full-year earnings is $1.83 per share. Northland Securities also issued estimates for Movado Group’s Q3 2028 earnings at $0.68 EPS and Q4 2028 earnings at $0.70 EPS.

MOV has been the topic of several other reports. BWS Financial raised their price objective on Movado Group from $31.50 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings lowered Movado Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Finally, Zacks Research raised Movado Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $40.00.

Movado Group Stock Up 2.9%

NYSE:MOV opened at $37.49 on Friday. The stock’s 50-day simple moving average is $28.12 and its 200 day simple moving average is $24.50. The firm has a market capitalization of $827.70 million, a PE ratio of 26.78 and a beta of 0.98. Movado Group has a twelve month low of $14.70 and a twelve month high of $38.77.

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

Institutional Trading of Movado Group

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Movado Group by 64.7% during the first quarter. Royal Bank of Canada now owns 18,892 shares of the company’s stock valued at $461,000 after purchasing an additional 7,423 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Movado Group by 24.9% during the first quarter. Quantinno Capital Management LP now owns 54,274 shares of the company’s stock worth $1,325,000 after acquiring an additional 10,821 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Movado Group by 120.8% during the first quarter. Lazard Asset Management LLC now owns 124,643 shares of the company’s stock worth $3,044,000 after acquiring an additional 68,201 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Movado Group by 125.6% during the first quarter. Renaissance Technologies LLC now owns 139,198 shares of the company’s stock worth $3,399,000 after acquiring an additional 77,500 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Movado Group by 248.8% during the first quarter. Sei Investments Co. now owns 86,669 shares of the company’s stock worth $2,116,000 after acquiring an additional 61,822 shares during the last quarter. 72.08% of the stock is owned by institutional investors and hedge funds.

Movado Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Movado Group’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.3%. Movado Group’s payout ratio is 114.29%.

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.