Sanctuary Advisors LLC Purchases New Shares in Movado Group Inc. $MOV

Sanctuary Advisors LLC purchased a new position in shares of Movado Group Inc. (NYSE:MOV) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 45,261 shares of the company’s stock, valued at approximately $1,779,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new position in shares of Movado Group in the second quarter worth about $27,000. PNC Financial Services Group Inc. grew its stake in shares of Movado Group by 39.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Comerica Bank grew its stake in shares of Movado Group by 99.0% during the third quarter. Comerica Bank now owns 1,785 shares of the company’s stock valued at $34,000 after purchasing an additional 888 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Movado Group by 70.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock valued at $36,000 after purchasing an additional 724 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Movado Group by 16,040.0% in the first quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock valued at $39,000 after purchasing an additional 1,604 shares in the last quarter. Institutional investors own 72.08% of the company’s stock.

Trending Headlines about Movado Group

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

• Positive Sentiment: Fiscal Q2 sales increased 4.9% year over year to $169.8 million, exceeding analysts’ $164.2 million estimate. Earnings reached $0.54 per share versus the $0.35 consensus and $0.23 a year earlier. Movado Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved sharply: operating income rose to $14.9 million from $4.0 million, while gross margin expanded to 59.4% from 54.1%. Even excluding $3.2 million in IEEPA duty refunds, gross margin was 57.5%, still ahead of the prior year. Movado Group Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Movado ended July with $211.6 million in cash and no debt, supporting financial flexibility. The company also declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and an approximately 4.6% yield at the referenced share price. Movado Group Announces Second Quarter Fiscal 2027 Results
• Neutral Sentiment: Management expects mid-single-digit sales growth and a 55%–56% gross margin for the second half of fiscal 2027, excluding additional duty refunds. However, the company discontinued its annual outlook, limiting visibility for investors. Movado Q2 2027 Earnings Call Transcript
• Negative Sentiment: Part of the earnings improvement came from $3.2 million in IEEPA duty refunds and related interest, creating concern that reported margins and earnings may not be fully recurring. The withdrawal of full-year guidance likely contributed to the stock’s decrease despite the quarterly beat.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MOV. Weiss Ratings downgraded Movado Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Zacks Research raised Movado Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of Movado Group in a research note on Monday, July 27th. Finally, Northland Securities set a $35.00 price target on Movado Group in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.

Movado Group Price Performance

Shares of NYSE:MOV opened at $34.49 on Thursday. The stock has a market cap of $761.54 million, a price-to-earnings ratio of 24.64 and a beta of 0.97. The company has a 50 day moving average of $37.50 and a 200-day moving average of $31.13. Movado Group Inc. has a one year low of $16.75 and a one year high of $40.50.

Movado Group (NYSE:MOV) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.19. Movado Group had a net margin of 4.70% and a return on equity of 7.13%. The business had revenue of $169.75 million for the quarter, compared to analyst estimates of $164.20 million. Equities research analysts anticipate that Movado Group Inc. will post 1.87 earnings per share for the current year.

Movado Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.6%. Movado Group’s dividend payout ratio is 114.29%.

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.