BWS Financial Reiterates "Buy" Rating for Movado Group (NYSE:MOV)

BWS Financial restated their buy rating on shares of Movado Group (NYSE:MOV - Free Report) in a report issued on Monday,Benzinga reports. BWS Financial currently has a $31.50 price objective on the stock. BWS Financial also issued estimates for Movado Group's Q1 2026 earnings at $0.39 EPS, Q2 2026 earnings at $0.57 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $0.73 EPS and FY2026 earnings at $2.57 EPS.

Separately, StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Movado Group Stock Performance

NYSE:MOV traded down $0.13 during mid-day trading on Monday, hitting $13.93. The company had a trading volume of 167,136 shares, compared to its average volume of 199,935. Movado Group has a fifty-two week low of $12.85 and a fifty-two week high of $27.80. The firm has a market cap of $308.45 million, a P/E ratio of 13.39 and a beta of 0.92. The business's fifty day moving average is $16.75 and its two-hundred day moving average is $18.59.

Movado Group (NYSE:MOV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. Movado Group had a net margin of 3.62% and a return on equity of 5.38%. The business had revenue of $181.48 million for the quarter, compared to the consensus estimate of $180.62 million. Equities analysts forecast that Movado Group will post 1.05 earnings per share for the current year.

Movado Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.05%. The ex-dividend date is Tuesday, April 22nd. Movado Group's dividend payout ratio is 160.92%.

Institutional Investors Weigh In On Movado Group

Several institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Movado Group in the 4th quarter valued at about $47,000. GAMMA Investing LLC grew its holdings in shares of Movado Group by 3,303.5% during the first quarter. GAMMA Investing LLC now owns 2,893 shares of the company's stock worth $48,000 after buying an additional 2,808 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Movado Group by 1,597.5% during the first quarter. Harbor Capital Advisors Inc. now owns 3,412 shares of the company's stock worth $57,000 after buying an additional 3,211 shares in the last quarter. FMR LLC raised its position in Movado Group by 393.0% in the 3rd quarter. FMR LLC now owns 7,400 shares of the company's stock valued at $138,000 after buying an additional 5,899 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Movado Group in the 4th quarter valued at approximately $201,000. 72.08% of the stock is owned by institutional investors.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.