Movado Group (NYSE:MOV) Posts Earnings Results, Misses Expectations By $0.03 EPS

Movado Group (NYSE:MOV) released its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), RTT News reports. The firm had revenue of $159.31 million during the quarter. Movado Group had a net margin of 6.09% and a return on equity of 8.18%. During the same quarter in the previous year, the business posted $0.38 EPS. Movado Group updated its FY 2025 guidance to 0.900-1.000 EPS.

Movado Group Trading Down 1.9 %

Shares of MOV traded down $0.37 during trading hours on Friday, hitting $18.90. 457,515 shares of the stock traded hands, compared to its average volume of 159,630. The business has a fifty day moving average of $24.33 and a 200-day moving average of $25.81. The firm has a market capitalization of $419.77 million, a PE ratio of 10.56 and a beta of 1.00. Movado Group has a 1-year low of $18.71 and a 1-year high of $31.44.

Movado Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 7.41%. Movado Group’s dividend payout ratio (DPR) is currently 78.21%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MOV shares. Benchmark reaffirmed a “buy” rating and set a $41.00 price target on shares of Movado Group in a report on Friday, May 31st. StockNews.com cut Movado Group from a “buy” rating to a “hold” rating in a report on Friday.

Insiders Place Their Bets

In other Movado Group news, SVP Michelle Kennedy sold 1,245 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $26.05, for a total value of $32,432.25. Following the transaction, the senior vice president now directly owns 12,202 shares of the company’s stock, valued at $317,862.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 30.11% of the company’s stock.

About Movado Group

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.