Movado Group Inc. (MOV)
NYSE:MOV
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Movado Group
(NYSE:MOV)
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Rating:70Outperform
Price Target:
$28.00
▲(15.85% Upside)
Action:UpgradedDate:03/20/26
The score is driven primarily by solid financial stability and cash generation (low leverage, strong liquidity) alongside constructive price trend support. This is tempered by compressed current profitability versus prior peak years and mixed momentum signals, while valuation is supported by a high dividend and the latest call’s improving operating performance but with tariff and visibility risks.
Positive Factors
Strong balance sheet
Movado’s large cash balance ($230.5M) and no debt provide durable financial flexibility to fund inventory, marketing, share repurchases, and strategic investments. This conservative capital structure reduces refinancing risk and cushions the business against cyclical demand or tariff shocks over the next 2–6 months.
Negative Factors
Compressed profitability
Margins have materially compressed from prior peak years (net margins ~3.2% TTM versus ~12–13% in 2022–2023), reducing returns on capital and earnings resilience. Lower margin headroom increases sensitivity to cost inflation and sales volatility, constraining the company’s ability to sustainably scale profitability.
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Positive Factors
Negative Factors
Strong balance sheet
Movado’s large cash balance ($230.5M) and no debt provide durable financial flexibility to fund inventory, marketing, share repurchases, and strategic investments. This conservative capital structure reduces refinancing risk and cushions the business against cyclical demand or tariff shocks over the next 2–6 months.
Read all positive factors
Movado Group (MOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$377.59M
Dividend Yield6.79%
Average Volume (3M)138.64K
Price to Earnings (P/E)19.4
Beta (1Y)1.21
Revenue Growth0.63%
EPS Growth-7.37%
CountryUS
Employees1,009
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.57
Shares Outstanding15,622,386
10 Day Avg. Volume196,802
30 Day Avg. Volume138,637
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 Cap0.54
Enterprise Value/Revenue0.31
Enterprise Value/Gross Profit0.56
Enterprise Value/Ebitda5.23
Forecast
1Y Price Target
$30.75Price Target Upside27.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.48
Revenue Forecast (FY)$669.51M
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:Mar 19, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:May 21, 2026
Earnings Call Sentiment Positive
The call conveyed a return to growth with meaningful margin and operating income improvement, strong cash and no debt, clear product and brand momentum (notably Movado wholesale and e-commerce), and healthy U.S. performance. Offsetting factors included material tariff drag (~$10M / ~150 bps FY), currency and geopolitical headwinds (Middle East and Swiss franc), higher quarterly taxes, and international constant-currency softness. On balance, positives—improved profitability, strong cash position, and clear consumer/portfolio traction—outweigh the lowlights, though macro and tariff uncertainty remain meaningful near-term risks.Positive Updates
Full-Year Revenue Growth
Fiscal 2026 sales of $671.3M, up 2.7% versus fiscal 2025 (constant dollars +1%).
Negative Updates
Tariff-Related Cost Pressure
IEEPA tariffs increased cost of goods sold by about $10.0M in FY26 (~150 basis points impact on gross margin for the year; ~180 bps impact in Q4). Ongoing tariff uncertainty remains (planning assumes a roughly 10% tariff on top of normal duty).
Read all updates
Q4-2026 Updates
Positive
Negative
Full-Year Revenue Growth
Fiscal 2026 sales of $671.3M, up 2.7% versus fiscal 2025 (constant dollars +1%).
Read all positive updates
Company Guidance
Movado did not provide a fiscal 2027 outlook due to geopolitical and tariff uncertainty (including the Middle East conflict), but shared planning assumptions and actions: it is modeling roughly a 10% tariff above normal duty, noting IEEPA tariffs cost about $10.0M in FY2026 (≈150 basis points for the year and ≈180 bps in Q4); management emphasized margin expansion and operational efficiencies, will use share repurchases to offset dilution (≈208,000 shares repurchased in FY2026 with ≈$46.1M remaining on the program), and cited a strong liquidity position to support actions (cash ≈$230.5M, no debt, and operating cash flow ≈$57.9M).Movado Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
68
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 671.31M | 653.38M | 672.60M | 751.90M | 732.39M |
| Gross Profit | 363.60M | 353.14M | 370.39M | 433.89M | 419.06M |
| EBITDA | 39.24M | 36.45M | 70.34M | 133.23M | 130.48M |
| Net Income | 26.55M | 18.36M | 46.71M | 94.53M | 91.60M |
Balance Sheet | |||||
| Total Assets | 742.62M | 729.23M | 769.08M | 787.71M | 761.16M |
| Cash, Cash Equivalents and Short-Term Investments | 230.54M | 208.50M | 262.46M | 251.58M | 277.13M |
| Total Debt | 58.06M | 94.77M | 92.09M | 88.59M | 76.42M |
| Total Liabilities | 232.36M | 245.65M | 250.13M | 277.16M | 284.07M |
| Stockholders Equity | 510.26M | 481.33M | 516.80M | 507.61M | 472.81M |
Cash Flow | |||||
| Free Cash Flow | 53.41M | -9.47M | 68.41M | 47.05M | 124.87M |
| Operating Cash Flow | 57.92M | -1.50M | 76.78M | 54.34M | 130.81M |
| Investing Cash Flow | -8.09M | -13.74M | -11.47M | -10.55M | -7.91M |
| Financing Cash Flow | -36.28M | -35.40M | -57.60M | -65.31M | -66.61M |
Movado Group Technical Analysis
Positive
24.17
Price Trends
23.91
Positive
22.04
Positive
19.45
Positive
Market Momentum
<0.01
Negative
51.66
Neutral
45.92
Neutral
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 24.17 is above the 20-day moving average (MA) of 23.95, above the 50-day MA of 23.91, and above the 200-day MA of 19.45, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.66 is Neutral, neither overbought nor oversold. The STOCH value of 45.92 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $377.59M | 19.42 | 5.37% | 6.79% | 0.63% | -7.37% | |
62 Neutral | $453.06M | 23.81 | 18.01% | ― | 23.75% | 59.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $236.92M | -2.78 | -48.62% | ― | -12.89% | 45.32% | |
44 Neutral | $131.44M | 2.00 | -15.32% | 14.29% | 1.32% | -175.81% | |
42 Neutral | $175.42M | -1.49 | 404.88% | ― | -23.54% | -49.41% | |
41 Neutral | $14.50M | -2.90 | 63.94% | ― | 4.49% | -87.94% |
* Consumer Cyclical Sector Average
MOV
Movado Group
24.17
7.72
46.89%
BGI
Birks & Mayors
0.74
-0.48
-39.34%
FOSL
Fossil Group
4.06
2.90
250.00%
ELA
Envela
17.45
11.03
171.81%
LANV
Lanvin Group Holdings
1.50
-0.82
-35.34%
BRLT
Brilliant Earth Group
1.30
-0.13
-9.09%
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.