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Movado Group
(NYSE:MOV)
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Rating:69Neutral
Price Target:
$36.00
▲(2.86% Upside)
Action:Reiterated
Date:10/09/26
MOV scores highest on improving financial performance and a strong, low-leverage balance sheet with recovering cash generation, reinforced by a generally positive earnings update. The score is tempered by weak near-term technical momentum and management’s caution around second-half margins (including the fade of one-time duty benefits). Valuation is supportive due to a moderate P/E and a high dividend yield, while recent corporate actions further strengthen flexibility and strategic focus.
Positive Factors
Sales and margin recovery
Broad-based sales growth and higher underlying gross margins indicate improving demand, pricing, and product mix across the portfolio. If sustained, this combination can rebuild earnings power and support reinvestment across owned brands, licensed labels, wholesale, and direct-to-consumer channels.
Negative Factors
Margins below prior peaks
Although profitability has recovered from recent lows, current margins remain well below the company’s FY2022-FY2023 peaks. This indicates that earnings power has not fully normalized and leaves results more sensitive to product mix, promotions, operating costs, and changes in consumer demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Sales and margin recovery
Broad-based sales growth and higher underlying gross margins indicate improving demand, pricing, and product mix across the portfolio. If sustained, this combination can rebuild earnings power and support reinvestment across owned brands, licensed labels, wholesale, and direct-to-consumer channels.
Read all positive factors
Movado Group (MOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$517.32M
Dividend Yield4.63%
Average Volume (3M)192.27K
Price to Earnings (P/E)17.8
Beta (1Y)1.16
Revenue Growth4.83%
EPS Growth136.40%
CountryUS
Employees1,386
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)1.82
Shares Outstanding15,956,643
10 Day Avg. Volume183,923
30 Day Avg. Volume192,268
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)1.01
Price to Sales (P/S)0.77
P/FCF Ratio9.65
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue1.07
Enterprise Value/Gross Profit1.91
Enterprise Value/Ebitda12.16
Forecast
1Y Price Target
$47.50Price Target Upside35.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.9
Revenue Forecast (FY)$707.62M
Movado Group Business Overview & Revenue Model
Company Description
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It 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 b...
How the Company Makes Money
Movado Group makes money primarily by selling watches and, to a lesser extent, related accessories through a mix of wholesale and direct-to-consumer (DTC) channels. (1) Wholesale revenue: Movado sells products to third-party retailers and distribu...
Movado Group Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Nov 24, 2026
Earnings Call Sentiment Positive
The call highlighted solid top-line growth, meaningful margin expansion (even after excluding one-time duty refunds), improved profitability, strong cash and no debt, and clear brand/product momentum across multiple labels. Key negatives are that part of the margin improvement was driven by temporary IEEPA tariff reversals and legacy inventory benefits, elevated shipping and marketing costs, and regional softness in the Middle East. Management provided conservative second-half gross margin guidance (55%–56%) and removed the annual outlook, reflecting some caution. Overall, the positive operational and financial trends outweigh the transitory and regional headwinds.Positive Updates
Quarterly Sales Growth
Net sales for Q2 fiscal 2027 increased 4.9% year-over-year to $169.8 million (constant dollars +4.4%). U.S. net sales rose 4.9% and international net sales increased 4.9% (constant currency +4.1%).
Negative Updates
One-Time IEEPA Duty Refunds and Legacy Inventory Benefit
Q2 included $3.2 million of IEEPA duty refunds which favorably increased gross margin by ~190 basis points. Management stated benefits from legacy inventory and tariff reversals are temporary and not expected to continue, and $6.8 million of previously paid IEEPA duties remain to be recovered but are not recognized until cash is received.
Read all updates
Q2-2027 Updates
Positive
Negative
Quarterly Sales Growth
Net sales for Q2 fiscal 2027 increased 4.9% year-over-year to $169.8 million (constant dollars +4.4%). U.S. net sales rose 4.9% and international net sales increased 4.9% (constant currency +4.1%).
Read all positive updates
Company Guidance
Movado said it is discontinuing an annual outlook and instead expects top‑line growth in the mid‑single‑digit range for the remainder of fiscal 2027 and second‑half gross margin of 55%–56%; for context, Q2 sales were $169.8M (+4.9% YoY) and year‑to‑date sales were $312.2M (+6.3%), Q2 gross margin was 59.4% (57.5% excluding a $3.2M IEEPA duty refund that drove ~190 bps of the quarter’s benefit and contributed $0.11 to EPS), Q2 net income was $12.5M ($0.54 per diluted share) and YTD net income was $19.7M ($0.86), cash was $211.6M with no debt, inventory was down $15.0M (7.1%), capital expenditures were $2.3M YTD, the company expects to seek recovery of an additional $6.8M of IEEPA duties (not recognized until received), and it has $44.6M remaining on its share repurchase authorization (to be used to offset dilution).Movado Group Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 689.87M | 671.31M | 653.38M | 672.60M | 751.90M | 732.39M |
| Gross Profit | 387.11M | 363.60M | 353.14M | 370.39M | 433.89M | 419.06M |
| EBITDA | 60.76M | 44.28M | 36.45M | 70.34M | 133.23M | 130.48M |
| Net Income | 41.38M | 26.55M | 18.36M | 46.71M | 94.53M | 91.60M |
Balance Sheet | ||||||
| Total Assets | 743.34M | 742.62M | 729.23M | 769.08M | 787.71M | 761.16M |
| Cash, Cash Equivalents and Short-Term Investments | 211.61M | 230.54M | 208.50M | 262.46M | 251.58M | 277.13M |
| Total Debt | 68.11M | 78.67M | 94.77M | 92.09M | 88.59M | 76.42M |
| Total Liabilities | 236.13M | 232.36M | 245.65M | 250.13M | 277.16M | 284.07M |
| Stockholders Equity | 507.22M | 510.26M | 481.33M | 516.80M | 507.61M | 472.81M |
Cash Flow | ||||||
| Free Cash Flow | 71.41M | 53.41M | -9.58M | 68.41M | 47.05M | 124.87M |
| Operating Cash Flow | 75.48M | 57.92M | -1.50M | 76.78M | 54.34M | 130.81M |
| Investing Cash Flow | -6.89M | -8.09M | -13.74M | -11.47M | -10.55M | -7.91M |
| Financing Cash Flow | -37.07M | -36.28M | -35.40M | -57.60M | -65.31M | -66.61M |
Movado Group Technical Analysis
Negative
35.00
Price Trends
33.42
Negative
35.42
Negative
30.11
Positive
Market Momentum
-0.31
Negative
42.10
Neutral
58.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOV, the sentiment is Negative. The current price of 35 is above the 20-day moving average (MA) of 32.87, above the 50-day MA of 33.42, and above the 200-day MA of 30.11, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 42.10 is Neutral, neither overbought nor oversold. The STOCH value of 58.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MOV.
Movado Group Risk Analysis
Movado Group disclosed 42 risk factors in its most recent earnings report. Movado Group reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Movado Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $517.32M | 17.81 | 8.19% | 4.63% | 4.83% | 136.40% | |
65 Neutral | $310.26M | 13.76 | 31.49% | 176.87% | 47.74% | 162.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $402.73M | -5.26 | -69.12% | ― | -9.10% | -15.30% | |
52 Neutral | $154.81M | -5.25 | -37.58% | 16.45% | 6.41% | -893.45% | |
46 Neutral | $110.40M | -0.96 | 42.92% | ― | -23.34% | -12.90% |
* Consumer Cyclical Sector Average
MOV
Movado Group
32.28
14.37
80.19%
FOSL
Fossil Group
6.55
4.19
177.54%
ELA
Envela
11.54
3.05
35.92%
LANV
Lanvin Group Holdings
0.84
-1.34
-61.47%
BRLT
Brilliant Earth Group
1.53
-1.04
-40.47%
Movado Group Corporate Events
Business Operations and StrategyM&A Transactions
Movado Sells Majority Stake in EBEL Luxury Brand
Positive
Oct 8, 2026
On October 8, 2026, Movado Group announced a binding agreement, effective October 5, 2026, to sell a 95% interest in its Swiss luxury watch brand EBEL for approximately $66.5 million to a strategic buyer group led by Geneva-based Montres Journe SA...
Business Operations and StrategyPrivate Placements and Financing
Movado Group Amends and Extends Revolving Credit Facility
Positive
Jul 17, 2026
On July 16, 2026, Movado Group, Inc. and several wholly owned subsidiaries amended their senior secured revolving credit facility with Bank of America, N.A., extending its maturity from October 28, 2026 to July 16, 2031 while reducing total commit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.