Movado Group (NYSE:MOV) Issues FY 2025 Earnings Guidance

Movado Group (NYSE:MOV) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.200-1.300 for the period, compared to the consensus estimate of 2.060. The company issued revenue guidance of $700.0 million-$710.0 million, compared to the consensus revenue estimate of $689.9 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a buy rating and set a $41.00 price target on shares of Movado Group in a research report on Wednesday.

Movado Group Stock Performance

Shares of MOV opened at $27.66 on Thursday. The firm’s 50 day moving average price is $27.88 and its two-hundred day moving average price is $28.19. Movado Group has a twelve month low of $23.94 and a twelve month high of $31.44. The firm has a market cap of $610.73 million, a P/E ratio of 13.43 and a beta of 1.13.

Movado Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Monday, April 8th. Movado Group’s payout ratio is presently 67.96%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MOV. Captrust Financial Advisors increased its position in shares of Movado Group by 89.5% during the 1st quarter. Captrust Financial Advisors now owns 1,082 shares of the company’s stock worth $42,000 after purchasing an additional 511 shares during the last quarter. State of Wyoming acquired a new position in Movado Group during the fourth quarter worth $59,000. Amundi lifted its stake in Movado Group by 108.7% in the fourth quarter. Amundi now owns 1,843 shares of the company’s stock valued at $62,000 after acquiring an additional 960 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Movado Group by 2,022.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock valued at $69,000 after acquiring an additional 2,306 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Movado Group by 153.3% during the 1st quarter. Quantbot Technologies LP now owns 2,839 shares of the company’s stock worth $110,000 after purchasing an additional 1,718 shares during the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.