Movado Group (NYSE:MOV) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Movado Group (NYSE:MOV) announced its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.26, FiscalAI reports. The company had revenue of $142.40 million during the quarter, compared to analysts’ expectations of $135.12 million. Movado Group had a return on equity of 6.09% and a net margin of 3.96%.During the same period in the previous year, the business earned $0.06 earnings per share.

Here are the key takeaways from Movado Group’s conference call:

• Movado reported a strong first quarter, with sales up 8.1% to $142.4 million and adjusted EPS rising to $0.32 from $0.08 a year ago, reflecting meaningful momentum across the business.
• Profitability improved sharply, with adjusted operating profit increasing to $7.5 million and gross margin expanding 320 basis points year over year, aided by favorable mix and better full-price selling.
• Direct-to-consumer and core market demand remained strong, as movado.com sales grew 12.8% and company store sales increased 10.2%, while the U.S. and Europe showed improving trends.
• The company said the Middle East conflict significantly hurt results in that region, and it declined to provide fiscal 2027 guidance because of broader economic and geopolitical uncertainty.
• Movado ended the quarter with $225.3 million in cash, no debt, and a higher quarterly dividend of $0.40 per share, underscoring a strong balance sheet and shareholder returns.

Movado Group Stock Up 13.9%

Movado Group stock opened at $33.95 on Thursday. Movado Group has a 52 week low of $14.70 and a 52 week high of $34.29. The business has a 50-day simple moving average of $26.54 and a 200 day simple moving average of $23.70. The stock has a market cap of $749.68 million, a price-to-earnings ratio of 29.27 and a beta of 0.86.

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 given a dividend of $0.40 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from Movado Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 4.7%. Movado Group’s dividend payout ratio (DPR) is presently 120.69%.

Key Movado Group News

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

• Positive Sentiment: Movado reported adjusted EPS of $0.32, far above the $0.06 consensus estimate, and revenue of $142.4 million versus $135.1 million expected, signaling a much better-than-anticipated quarter. Business Wire Results
• Positive Sentiment: Profitability improved sharply, with gross margin rising to 57.3% from 54.1% a year ago and operating income jumping to $7.0 million from $0.3 million, reinforcing the view that margins are expanding. Business Wire Results
• Positive Sentiment: The company increased its quarterly dividend by 14.3% to $0.40 per share, which signals management confidence in cash flow and business momentum. MarketWatch Dividend Increase
• Neutral Sentiment: Management sounded upbeat on the quarter but indicated conditions may moderate ahead, suggesting investors should watch whether recent momentum can continue. MarketWatch Outlook
• Neutral Sentiment: Earnings-call coverage highlighted strong momentum despite regional headwinds, which supports the positive setup but also points to some geographic uncertainty. TipRanks Call Highlights

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MOV. BWS Financial reiterated a “buy” rating and issued a $31.50 price target on shares of Movado Group in a research report on Friday, March 20th. Northland Securities set a $35.00 price target on Movado Group in a research report on Wednesday. Finally, Wall Street Zen upgraded Movado Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.25.

Hedge Funds Weigh In On Movado Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOV. Vanguard Group Inc. lifted its stake in Movado Group by 5.9% during the third quarter. Vanguard Group Inc. now owns 1,029,220 shares of the company’s stock worth $19,524,000 after purchasing an additional 57,353 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Movado Group by 3.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 888,244 shares of the company’s stock worth $18,316,000 after purchasing an additional 29,137 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Movado Group by 14.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 636,862 shares of the company’s stock worth $9,712,000 after purchasing an additional 80,109 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Movado Group by 19.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 388,418 shares of the company’s stock worth $8,009,000 after purchasing an additional 62,278 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Movado Group by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 374,858 shares of the company’s stock worth $5,718,000 after purchasing an additional 1,131 shares in the last quarter. 72.08% of the stock is currently owned by hedge funds and other institutional investors.

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.