Movado Group (NYSE:MOV – Get Free Report) posted its earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03), RTT News reports. Movado Group had a net margin of 6.09% and a return on equity of 8.18%. The business had revenue of $159.31 million during the quarter. During the same quarter in the prior year, the company posted $0.38 EPS. Movado Group updated its FY 2025 guidance to 0.900-1.000 EPS.
Movado Group Stock Performance
Shares of NYSE:MOV traded down $0.37 during trading hours on Friday, hitting $18.90. 457,515 shares of the company’s stock traded hands, compared to its average volume of 159,630. Movado Group has a 52 week low of $18.71 and a 52 week high of $31.44. The company has a market cap of $419.77 million, a price-to-earnings ratio of 10.56 and a beta of 1.00. The company’s fifty day simple moving average is $24.33 and its two-hundred day simple moving average is $25.81.
Movado Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid 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 is currently 78.21%.
Insider Buying and Selling at Movado Group
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MOV. Benchmark restated a “buy” rating and set a $41.00 price objective on shares of Movado Group in a research note on Friday, May 31st. StockNews.com lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Friday.
Read Our Latest Research Report on MOV
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.
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