# Movado Group, Inc. (MOV)

> Source: Nexqual · https://nexqual.com/MOV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Movado Group, Inc. (MOV), nexqual.com/MOV" · informational, not investment advice.

**Price:** USD 32.28 (-0.43% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 32.42 · day 31.66–32.77 · 52w 17.61–40.5 · market cap $720M · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $690M, net income $41.4M (6.0% margin), free cash flow $71.4M (SEC filings).
- Valuation: P/E 17.4x (avg 19.3x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 47.5 (range 45–50).
- Total return with dividends: 1Y +80.2% vs S&P 500 +14.9%; 5Y +29.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-24, EPS estimate USD 0.55, revenue estimate $195M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $732M | $744M | $664M | $653M | $671M | $690M |
| Gross profit | $419M | $429M | $364M | $353M | $364M | — |
| Operating income | $117M | $116M | $48.5M | $20.0M | $29.8M | $47.4M |
| Net income | $91.6M | $90.4M | $41.3M | $18.4M | $26.6M | $41.4M |
| EPS (diluted) | $3.87 | $3.94 | $1.83 | $0.81 | $1.17 | — |
| Free cash flow | $125M | $47.3M | $68.6M | -$9.5M | $53.4M | $71.4M |
| Gross margin | 57.2% | 57.7% | 54.8% | 54.0% | 54.2% | — |
| Operating margin | 16.0% | 15.5% | 7.3% | 3.1% | 4.4% | 6.9% |
| Net margin | 12.5% | 12.1% | 6.2% | 2.8% | 4.0% | 6.0% |
| Revenue growth | +44.6% | +1.6% | -10.7% | -1.7% | +2.7% | — |
| Cash + short-term investments | $277M | $252M | $262M | $209M | $231M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 17.4x · P/S 1.0x · P/FCF 10.1x · P/B 1.4x · FCF yield 9.92% · Earnings yield 5.74% · Dividend yield (paid, TTM) 4.46% · Buyback yield (TTM) 0.53%
P/E at fiscal year-ends: Jan 2026 19.4x, Jan 2025 23.5x, Jan 2024 15.1x.

## Analysts
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 47.5 (low 45, high 50).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-01 | BWS Financial | Maintained | Buy | $45 |
| 2026-07-27 | BWS Financial | Maintained | Buy | $45 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +80.2% | +29.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +80.6% | +5.3% |
| Volatility (annualized) | 36.6% | 37.1% |
| Max drawdown | -19.7% (Jul 2026→Oct 2026) | -64.2% (Nov 2021→Apr 2025) |

## Peers (Luxury Goods)
REAL (The RealReal, Inc.) USD 10.48 -1.41% · LUXE (LuxExperience B.V.) USD 9.59 +0.63% · ELA (Envela Corporation) USD 11.54 -2.45% · CPRI (Capri Holdings Limited) USD 16.36 +4.20% · SIG (Signet Jewelers Limited) USD 116.94 +1.89% · TPR (Tapestry, Inc.) USD 113.92 -1.08%

## More
Full page: https://nexqual.com/MOV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MOV's own 10-K filed 2026-03-19 (https://www.sec.gov/Archives/edgar/data/72573/000119312526115298/mov-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | TAPESTRY, INC. (TPR) | "The Company licenses the trademark COACH® and related trademarks on an exclusive worldwide basis for use in connection with the manufacture, distribution, advertising and sale of watches pursuant to a license agreement w…" |

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Watch & Accessory Brands | $142.9M | 84.2% | +5.3% | $10.3M | 7.2% |
| Company Stores | $26.9M | 15.8% | +2.8% | $4.6M | 17.2% |
| Total revenue | $169.8M | 100% | — | $14.9M | 8.8% |

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Non Us | $96.9M | 57.1% | +4.9% |
| United States | $72.9M | 42.9% | +4.9% |
| Total revenue | $169.8M | 100% | — |

## Customer concentration

Period ended 2026-01-31: 10% of revenue from unnamed direct customers (10-K, filed 2026-03-19).

## Company outlook (8-K filed 2026-08-26)

- "As it relates to the second half of fiscal 2027, the Company expects to build on the momentum of the first half of the year to deliver topline growth in the mid-single-digit range and gross margin in a range of 55% to 56%, excluding any additional IEEPA duty refunds."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.55 | $0.62 | -10.7% | $195.3M | 2 |
| Next quarter (ends 2027-01-31) | $0.54 | $0.56 | -2.4% | $200.1M | 2 |
| Current fiscal year (ends 2027-01-31) | $1.94 | $1.83 | +5.7% | $707.6M | 2 |
| Next fiscal year (ends 2028-01-31) | $2.33 | $1.95 | +19.3% | $739.3M | 2 |