Movado Group (NYSE:MOV – Get Free Report) posted its 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. Movado Group had a return on equity of 8.18% and a net margin of 6.09%. The firm had revenue of $159.31 million for the quarter. During the same period 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 Price Performance
Shares of Movado Group stock opened at $18.90 on Friday. Movado Group has a 1 year low of $18.71 and a 1 year high of $31.44. The firm has a market cap of $419.77 million, a price-to-earnings ratio of 10.56 and a beta of 1.00. The company has a 50-day moving average of $24.33 and a 200 day moving average of $25.81.
Movado Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Monday, September 16th. Movado Group’s dividend payout ratio (DPR) is presently 78.21%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Movado Group
Insider Buying and Selling
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 transaction of $32,432.25. Following the completion of the transaction, the senior vice president now owns 12,202 shares of the company’s stock, valued at $317,862.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 30.11% of the stock is currently 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.
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