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

Movado Group (NYSE:MOV) announced its quarterly earnings results on Thursday. The company reported $0.16 earnings per share 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 last year, the company earned $0.38 EPS. Movado Group updated its FY 2025 guidance to 0.900-1.000 EPS.

Movado Group Price Performance

MOV traded down $0.37 during trading on Friday, reaching $18.90. The company had a trading volume of 457,515 shares, compared to its average volume of 159,630. The company has a market cap of $419.77 million, a P/E ratio of 10.56 and a beta of 1.00. Movado Group has a 12 month low of $18.71 and a 12 month high of $31.44. The business’s fifty day moving average price is $24.33 and its 200 day moving average price is $25.81.

Movado Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Movado Group

In related news, SVP Michelle Kennedy sold 1,245 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 12,202 shares of the company’s stock, valued at approximately $317,862.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.11% of the stock is owned by insiders.

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.