Movado Group (NYSE:MOV) Price Target Raised to $45.00

Movado Group (NYSE:MOV) had its price target hoisted by stock analysts at BWS Financial from $31.50 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BWS Financial’s price target would indicate a potential upside of 27.53% from the company’s current price.

A number of other research analysts have also commented on MOV. Northland Securities set a $35.00 price target on shares of Movado Group in a research report on Wednesday. Wall Street Zen raised shares of Movado Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Movado Group Trading Up 2.9%

Shares of NYSE:MOV traded up $1.00 during mid-day trading on Thursday, reaching $35.29. The company had a trading volume of 223,498 shares, compared to its average volume of 153,448. Movado Group has a one year low of $14.70 and a one year high of $35.73. The firm has a market cap of $779.11 million, a price-to-earnings ratio of 30.42 and a beta of 0.86. The company’s 50-day moving average price is $26.54 and its 200-day moving average price is $23.70.

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 analysts’ consensus estimates of $0.06 by $0.26. Movado Group had a net margin of 3.96% and a return on equity of 6.09%. The business had revenue of $142.40 million during the quarter, compared to analyst estimates of $135.12 million. During the same period in the previous year, the business earned $0.06 EPS. On average, research analysts anticipate that Movado Group will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Movado Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in Movado Group by 39.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,598 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings 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 buying an additional 724 shares during the last quarter. Comerica Bank lifted its holdings 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 in the last quarter. State of Wyoming lifted its holdings in shares of Movado Group by 23.5% during the fourth quarter. State of Wyoming now owns 5,443 shares of the company’s stock valued at $112,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Movado Group by 4.1% during the first quarter. Royal Bank of Canada now owns 26,524 shares of the company’s stock valued at $444,000 after purchasing an additional 1,042 shares in the last quarter. 72.08% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Movado Group

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

• Positive Sentiment: Movado posted Q1 fiscal 2027 earnings of $0.32 per share, far above the $0.06 consensus estimate, while revenue rose to $142.4 million versus expectations for $135.1 million. Movado Group, Inc. Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Margins 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, suggesting the turnaround is gaining traction. Movado Group, Inc. Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: The board raised the quarterly dividend by 14.3% to $0.40 per share, signaling management’s confidence in the company’s financial strength and balance sheet. Movado Group Raises Quarterly Dividend by 14%
• Positive Sentiment: Analysts and commentary highlighted improving brand momentum, especially for Coach and the Movado brand, with early FY2027 growth in Europe and the U.S. supporting the view that the brand portfolio is recovering. Movado: Surprisingly, The Brand Portfolio Is Now Thriving (Rating Upgrade)

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.