Movado Group (NYSE:MOV) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Movado Group (NYSE:MOV) from a strong-buy rating to a buy rating in a research note published on Saturday.

A number of other brokerages have also recently weighed in on MOV. BWS Financial reissued a “buy” rating and set a $45.00 target price on shares of Movado Group in a report on Monday, July 27th. Northland Securities set a $35.00 target price on shares of Movado Group in a report on Wednesday, May 27th. Zacks Research upgraded Movado Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Movado Group in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $40.00.

Movado Group Stock Down 0.2%

NYSE:MOV opened at $34.44 on Friday. The company has a market cap of $760.44 million, a PE ratio of 19.13 and a beta of 0.97. The business’s 50 day moving average is $37.34 and its two-hundred day moving average is $31.22. Movado Group has a 52 week low of $17.24 and a 52 week high of $40.50.

Movado Group (NYSE:MOV) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.19. Movado Group had a return on equity of 8.49% and a net margin of 6.00%.The business had revenue of $169.75 million for the quarter, compared to analyst estimates of $164.20 million. As a group, sell-side analysts expect that Movado Group will post 1.89 EPS for the current fiscal year.

Movado Group Announces Dividend

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

Institutional Trading of Movado Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MOV. Allworth Financial LP acquired a new stake in shares of Movado Group in the 2nd quarter worth approximately $27,000. PNC Financial Services Group Inc. increased 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 acquiring an additional 449 shares during the period. Fifth Third Bancorp increased its stake in shares of Movado Group by 16,040.0% during the first quarter. Fifth Third Bancorp now owns 1,614 shares of the company’s stock valued at $39,000 after acquiring an additional 1,604 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Movado Group by 70.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock valued at $36,000 after acquiring an additional 724 shares during the period. Finally, Comerica Bank raised its holdings in Movado Group by 99.0% during the third quarter. Comerica Bank now owns 1,785 shares of the company’s stock worth $34,000 after purchasing an additional 888 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

Movado Group News Summary

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

• Positive Sentiment: Movado’s latest quarterly results exceeded expectations, with earnings of $0.54 per share versus the $0.35 consensus estimate and revenue of $169.75 million compared with expectations of $164.20 million. Its earnings call also highlighted potentially durable margin gains, supporting the longer-term outlook. Movado Group Earnings Call Signals Durable Margin Gains
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $1.87 from $1.82 and increased its FY2028 forecast to $2.36 from $2.31. The firm also lifted estimates for several FY2028 quarters, suggesting improved profitability expectations beyond the near term. Movado Group analyst estimates
• Neutral Sentiment: Wall Street Zen lowered its rating on Movado Group to “Buy.” While still a positive rating, the change may indicate less favorable conviction than its prior recommendation. Movado Group Rating Lowered to Buy at Wall Street Zen
• Negative Sentiment: Northland reduced its Q3 2027 EPS estimate to $0.51 from $0.58 and its Q4 2027 estimate to $0.52 from $0.59. These cuts point to softer expected earnings in the nearer-term outlook and contrast with the upgrades to later-year forecasts. Movado Group analyst estimates

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.