Movado Group (MOV) Stock Price, News & Analysis

Company Overview

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. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is headquartered in Paramus, New Jersey.

Key Stats

• Today's Range: $19.27 to $20.24
• 50-Day Range: $18.39 to $21.32
• 52-Week Range: $17.86 to $31.18
• Volume: 208,388 shs
• Average Volume: 199,986 shs
• Market Capitalization: $438.59 million
• P/E Ratio: 19.05
• Dividend Yield: 7.07%
• Price Target: $41.00
• Consensus Rating: Buy

Movado Group Stock Analysis - MarketRank™

Movado Group scored higher than 93% of companies evaluated by MarketBeat, and ranked 25th out of 219 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Movado Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Movado Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Movado Group is 19.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Movado Group is 19.05, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 108.79.

Price to Book Value per Share Ratio

Movado Group has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.12% of the float of Movado Group has been sold short.

Short Interest Ratio / Days to Cover

Movado Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Movado Group has recently increased by 2.85%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Movado Group is a leading dividend payer. It pays a dividend yield of 6.70%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Movado Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Movado Group is 134.62%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -1.28

Percentage of Shares Shorted

5.12% of the float of Movado Group has been sold short.

Short Interest Ratio / Days to Cover

Movado Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Movado Group has recently increased by 2.85%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.65

News Sentiment

Movado Group has a news sentiment score of 1.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Movado Group this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for MOV on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Movado Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

30.11% of the stock of Movado Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

72.08% of the stock of Movado Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MOV Stock Analysis - Frequently Asked Questions

How have MOV shares performed this year?

Movado Group's stock was trading at $30.15 at the start of the year. Since then, MOV shares have decreased by 34.3% and is now trading at $19.81.
View the best growth stocks for 2024 here.

How were Movado Group's earnings last quarter?

Movado Group, Inc. (NYSE:MOV) posted its quarterly earnings data on Thursday, September, 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The firm earned $159.31 million during the quarter. Movado Group had a net margin of 3.62% and a trailing twelve-month return on equity of 5.38%.

Who are Movado Group's major shareholders?

Top institutional shareholders of Movado Group include Royce & Associates LP (6.56%), Pacer Advisors Inc. (1.98%), Geode Capital Management LLC (1.60%) and State Street Corp (1.55%). Insiders that own company stock include Sallie A Demarsilis, Vivian Delia, Richard D Isserman, Michelle Kennedy, Ann Kirschner, Alexander Grinberg and Efraim Grinberg.
View institutional ownership trends.

How do I buy shares of Movado Group?

Shares of MOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Movado Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Movado Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

• Last Earnings: 9/05/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Ex-Dividend for 12/30 Dividend: 12/16/2024
• Today: 12/20/2024
• Dividend Payable: 12/30/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Watches, clocks, watchcases, & parts
• Sub-Industry: Apparel Accessories & Luxury Goods
• Current Symbol: NYSE:MOV
• CUSIP: 62458010
• CIK: 72573
• Web: www.movadogroup.com
• Phone: (201) 267-8000
• Fax: 201-267-8230
• Employees: 1,548
• Year Founded: 1881

Price Target and Rating

• Average Stock Price Target: $41.00
• High Stock Price Target: $41.00
• Low Stock Price Target: $41.00
• Potential Upside/Downside: +107.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.04
• Trailing P/E Ratio: 19.05
• Forward P/E Ratio: 22.01
• P/E Growth: N/A
• Net Income: $46.71 million
• Net Margins: 3.62%
• Pretax Margin: 5.05%
• Return on Equity: 5.38%
• Return on Assets: 3.59%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.27
• Quick Ratio: 2.88

Sales & Book Value

• Annual Sales: $672.60 million
• Price / Sales: 0.65
• Cash Flow: $1.55 per share
• Price / Cash Flow: 12.80
• Book Value: $22.87 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 22,140,000
• Free Float: 15,476,000
• Market Cap: $438.59 million
• Optionable: Optionable
• Beta: 1.04