Movado Group Inc (MOV)
NYSE:MOV
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Movado Group
(NYSE:MOV)
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Rating:72Outperform
Price Target:
$38.00
▲(33.76% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by resilient financial positioning (strong balance sheet and improving cash generation) and strong technical momentum with price well above key moving averages. The earnings call supports improving near-term performance but is tempered by lack of full-year guidance and indications that some Q1 margin strength was temporary. Valuation is supported by the dividend yield but moderated by a P/E that is less compelling given lower margins versus prior peaks.
Positive Factors
Balance Sheet Strength
A large cash balance and no net debt materially increase financial flexibility, enabling durable capital allocation (dividends, buybacks, targeted reinvestment) and shock absorption in cyclical retail cycles. This reduces refinancing risk and supports multi-quarter strategy execution.
Negative Factors
Margin Sustainability Risk
Management flagged temporary drivers (tariff timing and channel/product mix) behind Q1 gross margin expansion. If those effects reverse, structural net margin—already compressed versus 2022–2023—may not sustain, leaving operating leverage and earnings vulnerable once one-offs dissipate.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A large cash balance and no net debt materially increase financial flexibility, enabling durable capital allocation (dividends, buybacks, targeted reinvestment) and shock absorption in cyclical retail cycles. This reduces refinancing risk and supports multi-quarter strategy execution.
Read all positive factors
Movado Group (MOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$561.31M
Dividend Yield6.79%
Average Volume (3M)171.00K
Price to Earnings (P/E)27.3
Beta (1Y)1.32
Revenue Growth4.30%
EPS Growth76.21%
CountryUS
Employees1,009
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)1.41
Shares Outstanding15,771,631
10 Day Avg. Volume257,704
30 Day Avg. Volume171,002
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)1.01
Price to Sales (P/S)0.77
P/FCF Ratio9.65
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue0.57
Enterprise Value/Gross Profit1.04
Enterprise Value/Ebitda9.29
Forecast
1Y Price Target
$40.00Price Target Upside40.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.51
Revenue Forecast (FY)$677.45M
Movado Group Business Overview & Revenue Model
Company Description
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 b...
How the Company Makes Money
Movado Group primarily makes money by selling watches and related accessories through two main go-to-market channels: (1) Wholesale and (2) Direct-to-Consumer (DTC). In wholesale, Movado sells finished products in bulk to third-party retailers (su...
Movado Group Earnings Call Summary
Earnings Call Date:May 27, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The call conveyed solid operational and financial momentum: double-digit growth in key direct channels, meaningful improvement in operating profit and EPS, a strong cash position with no debt, and confident product/brand traction. Offsetting items include regional headwinds in the Middle East, temporary/one-time drivers in gross margin (IEEPA tariff effects and timing of retailer replenishment), inventory imbalances, and a cautious stance with no formal guidance for the year. On balance, the positives (top-line growth, profitability improvement, strong DTC performance, cash strength, dividend increase) materially outweigh the lowlights, though management flagged areas to monitor.Positive Updates
Revenue Growth
Net sales increased 8.1% year-over-year to $142.4 million (4.5% growth on a constant currency basis).
Negative Updates
Middle East Headwind
The Middle East region was described as "extremely challenging" due to ongoing conflict and materially dragged on results; management noted excluding the region, growth would have been stronger.
Read all updates
Q1-2027 Updates
Positive
Negative
Revenue Growth
Net sales increased 8.1% year-over-year to $142.4 million (4.5% growth on a constant currency basis).
Read all positive updates
Company Guidance
Management declined to give fiscal 2027 guidance due to economic and geopolitical uncertainty (notably the Middle East conflict) but said they expect Q2 sales growth to moderate, particularly on a constant‑currency basis, after strong Q1 retailer replenishment; Q1 results were: net sales $142.4M (+8.1% reported, +4.5% constant currency), adjusted operating profit $7.5M (vs. $0.9M LY), adjusted EPS $0.32 (vs. $0.08), gross margin 57.3% (vs. 54.1% LY) — although management indicated Q1 included one‑time/temporary margin benefits and that full‑year gross margin should be higher than last year but below the Q1 level; geography and brand metrics cited included U.S. sales +8.7%, international +7.6% (+1.6% cc), licensed brands +6.5% (or +9.2% ex‑Middle East cc); balance sheet and cash items highlighted cash $225.3M, no debt, operating cash flow +$7M in Q1, a 5% dividend increase to $0.40/sh, ~61k shares repurchased YTD with $44.6M repurchase capacity remaining, AR $80M, inventory down ~$7.3M, and capex $1.2M.Movado Group Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 681.94M | 671.31M | 653.38M | 672.60M | 751.90M | 732.39M |
| Gross Profit | 373.85M | 363.60M | 353.14M | 370.39M | 433.89M | 419.06M |
| EBITDA | 41.93M | 39.24M | 36.45M | 70.34M | 133.23M | 130.48M |
| Net Income | 32.06M | 26.55M | 18.36M | 46.71M | 94.53M | 91.60M |
Balance Sheet | ||||||
| Total Assets | 734.01M | 742.62M | 729.23M | 769.08M | 787.71M | 761.16M |
| Cash, Cash Equivalents and Short-Term Investments | 225.26M | 230.54M | 208.50M | 262.46M | 251.58M | 277.13M |
| Total Debt | 53.46M | 58.06M | 94.77M | 92.09M | 88.59M | 76.42M |
| Total Liabilities | 227.09M | 232.36M | 245.65M | 250.13M | 277.16M | 284.07M |
| Stockholders Equity | 506.92M | 510.26M | 481.33M | 516.80M | 507.61M | 472.81M |
Cash Flow | ||||||
| Free Cash Flow | 67.96M | 53.41M | -9.47M | 68.41M | 47.05M | 124.87M |
| Operating Cash Flow | 72.09M | 57.92M | -1.50M | 76.78M | 54.34M | 130.81M |
| Investing Cash Flow | -6.95M | -8.09M | -13.74M | -11.47M | -10.55M | -7.91M |
| Financing Cash Flow | -45.34M | -36.28M | -35.40M | -57.60M | -65.31M | -66.61M |
Movado Group Technical Analysis
Positive
28.41
Price Trends
27.07
Positive
25.21
Positive
21.89
Positive
Market Momentum
1.98
Negative
84.92
Negative
98.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOV, the sentiment is Positive. The current price of 28.41 is below the 20-day moving average (MA) of 28.70, above the 50-day MA of 27.07, and above the 200-day MA of 21.89, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 84.92 is Negative, neither overbought nor oversold. The STOCH value of 98.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MOV.
Movado Group Risk Analysis
Movado Group disclosed 40 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $714.26M | 31.56 | 32.00% | ― | 54.23% | 186.30% | |
72 Outperform | $561.31M | 27.25 | 6.39% | 6.79% | 4.30% | 76.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $126.50M | -4.29 | -36.73% | 14.29% | 5.83% | -8491.43% | |
45 Neutral | $265.96M | -4.15 | -52.99% | ― | -11.35% | 36.29% | |
44 Neutral | $12.29M | -1.38 | 63.94% | ― | 4.48% | -87.90% | |
41 Neutral | $202.21M | -1.19 | 120.31% | ― | -23.87% | -27.19% |
* Consumer Cyclical Sector Average
MOV
Movado Group
38.28
23.12
152.47%
BGI
Birks & Mayors
0.63
-0.31
-33.16%
FOSL
Fossil Group
4.38
2.88
192.00%
ELA
Envela
25.46
19.65
338.21%
LANV
Lanvin Group Holdings
1.50
-0.87
-36.71%
BRLT
Brilliant Earth Group
1.27
0.02
1.60%
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.