Northland Securities Predicts Movado Group Q1 Earnings

Movado Group Inc. (NYSE:MOV) – Research analysts at Northland Securities increased their Q1 2028 earnings per share (EPS) estimates for shares of Movado Group in a research report issued to clients and investors on Thursday, June 4th. Northland Securities analyst O. Rickert now forecasts that the company will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.24. The consensus estimate for Movado Group’s current full-year earnings is $1.83 per share. Northland Securities also issued estimates for Movado Group’s Q3 2028 earnings at $0.68 EPS and Q4 2028 earnings at $0.70 EPS.

Movado Group (NYSE:MOV) last posted its earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.26. The business had revenue of $142.40 million for the quarter, compared to analyst estimates of $135.12 million. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.During the same period in the previous year, the firm earned $0.06 EPS.

MOV has been the topic of a number of other reports. Weiss Ratings lowered Movado Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. BWS Financial upped their price objective on Movado Group from $31.50 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research raised Movado Group from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $40.00.

Movado Group Trading Up 2.9%

MOV stock opened at $37.49 on Friday. The firm has a market capitalization of $827.70 million, a PE ratio of 26.78 and a beta of 0.98. Movado Group has a 1-year low of $14.70 and a 1-year high of $38.77. The business’s 50 day simple moving average is $28.12 and its 200 day simple moving average is $24.50.

Hedge Funds Weigh In On Movado Group

Several hedge funds and other institutional investors have recently made changes to their positions in MOV. PNC Financial Services Group Inc. raised its position 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 valued at $33,000 after buying an additional 449 shares in the last quarter. Comerica Bank raised its position in shares of Movado Group by 99.0% in the 3rd quarter. Comerica Bank now owns 1,785 shares of the company’s stock valued at $34,000 after buying an additional 888 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position 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 valued at $36,000 after buying an additional 724 shares in the last quarter. Fifth Third Bancorp boosted its stake in 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 buying an additional 1,604 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Movado Group in the second quarter valued at about $40,000. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Movado Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.40 per share. This is an increase from Movado Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 4.3%. Movado Group’s payout ratio is currently 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.