Movado Group (MOV)

• Market cap: $431M
• 1 day: 1.83%
• 5 days: 1.51%
• 1 month: -0.31%
• 3 months: 0.78%
• 6 months: -23.20%
• Year to date: -0.41%
• 1 year: -31.59%
• 5 years: -3.57%
• 10 years: -18.40%
• Sector: Consumer Discretionary
• Industry: Watches, Clocks, Clockwork Operated Devices & Parts

About: Movado Group Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches and, to a lesser extent, jewelry and other accessories of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of its revenue from its international locations.

Employees: 1,476

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

54% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 41

45% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 22

6% more funds holding

Funds holding: 148 [Q2] → 157 (+9) [Q3]

8.47% less ownership

Funds ownership: 98.81% [Q2] → 90.34% (-8.47%) [Q3]

32% less capital invested

Capital invested by funds: $386M [Q2] → $265M (-$122M) [Q3]

72% less call options, than puts

Call options by funds: $64K | Put options by funds: $231K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $32 62% upside
• Avg. target: $32 62% upside
• High target: $32 62% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

BWS Financial Hamed Khorsand 62% 1-year accuracy 103 / 167 met price target

62% upside $32

Buy Initiated

2 Jan 2025