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

Movado Group (NYSE:MOV) issued its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.26, FiscalAI reports. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.The business had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.12 million. During the same period in the prior year, the business posted $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 Trading Up 3.7%

Shares of MOV stock opened at $35.56 on Friday. Movado Group has a twelve month low of $14.70 and a twelve month high of $35.78. The stock has a market capitalization of $785.21 million, a price-to-earnings ratio of 25.40 and a beta of 0.86. The stock has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $23.83.

Movado Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 4.5%. This is a positive change from Movado Group’s previous quarterly dividend of $0.35. Movado Group’s dividend payout ratio (DPR) is currently 120.69%.

Institutional Investors Weigh In On Movado Group

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Movado Group by 39.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Movado Group by 70.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock worth $36,000 after buying an additional 724 shares during the period. Comerica Bank lifted its holdings in shares of Movado Group by 99.0% in the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 888 shares during the period. State of Wyoming purchased a new stake in shares of Movado Group during the 2nd quarter worth $40,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Movado Group in the fourth quarter valued at about $205,000. 72.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MOV shares. BWS Financial boosted their target price on Movado Group from $31.50 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Northland Securities set a $35.00 target price on Movado Group in a research report on Wednesday. Finally, Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.