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

Movado Group (NYSE:MOV) issued its earnings results on Wednesday. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.06 by $0.26, FiscalAI reports. Movado Group had a return on equity of 6.09% and a net margin of 3.96%.The business had revenue of $142.40 million for the quarter, compared to the consensus estimate of $135.12 million. During the same period last year, the business posted $0.06 EPS.

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 Price Performance

Movado Group stock traded up $1.94 during trading hours on Wednesday, reaching $31.76. The stock had a trading volume of 68,175 shares, compared to its average volume of 146,606. Movado Group has a 52 week low of $14.70 and a 52 week high of $32.70. The business’s 50 day moving average price is $26.33 and its 200-day moving average price is $23.59. The company has a market cap of $701.20 million, a price-to-earnings ratio of 27.37 and a beta of 0.86.

Movado Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a $0.35 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 4.4%. Movado Group’s payout ratio is currently 120.69%.

Institutional Investors Weigh In On Movado Group

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased 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 acquiring an additional 449 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Movado Group by 70.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,756 shares of the company’s stock worth $36,000 after acquiring an additional 724 shares in the last quarter. Comerica Bank grew its holdings in Movado Group by 99.0% in 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 during the period. State of Wyoming raised its position in Movado Group by 23.5% during the fourth quarter. State of Wyoming now owns 5,443 shares of the company’s stock worth $112,000 after acquiring an additional 1,036 shares during the period. Finally, Royal Bank of Canada raised 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 acquiring an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 72.08% of the company’s stock.

Wall Street Analysts Forecast Growth

MOV has been the subject of a number of research reports. BWS Financial reaffirmed a “buy” rating and set a $31.50 target price on shares of Movado Group in a report on Friday, March 20th. Wall Street Zen raised Movado Group from a “buy” rating to a “strong-buy” rating in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.75.

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.