Movado Group (NYSE:MOV) Releases Quarterly Earnings Results, Misses Estimates 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. Movado Group had a return on equity of 8.18% and a net margin of 6.09%. During the same period in the prior year, the business earned $0.38 EPS. Movado Group updated its FY 2025 guidance to 0.900-1.000 EPS.

Movado Group Stock Down 14.7 %

Shares of MOV opened at $19.27 on Friday. The stock’s fifty day simple moving average is $24.45 and its 200-day simple moving average is $25.88. The firm has a market capitalization of $427.99 million, a PE ratio of 10.77 and a beta of 1.00. Movado Group has a 12-month low of $19.00 and a 12-month high of $31.44.

Movado Group Announces Dividend

The company also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Monday, September 16th. Movado Group’s dividend payout ratio is 78.21%.

Insiders Place Their Bets

In other news, SVP Michelle Kennedy sold 1,245 shares of the firm’s stock in a transaction dated 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 owns 12,202 shares of the company’s stock, valued at approximately $317,862.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 30.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and set a $41.00 price target on shares of Movado Group in a research report on Friday, May 31st.

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.