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Movado Group Inc (MOV) stock

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NYSE: MOV NYSE Apparel, Accessories & Luxury Goods Next results ~November 24, 2026

C+ Fundamentals grade

Movado Group Inc is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$36

Cash-flow model

Base case. Range ~$29–$45 across our lower- and higher-growth cases (-2.7%–7.3% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 12% below our base value.

Price used: $31.64, November 3, 2026

Movado Group Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds117 adding, 64 cuttingOf 41 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Movado Group files

Where Movado stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $690m, up 5.2% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 10.3% from 2.5% a year earlier. Operating margin widened to 6.9% from 3.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $35.47 a share, against a share price of $31.81. At that price, our model says the market is pricing in cash flow shrinking about 0.3% a year for five years, close to the -1.2% a year revenue growth it has delivered.

Source: 10-Q filed August 26, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 24, 2026 (estimated)

Movado Group Inc's trailing-twelve-month revenue grew 5.2% year on year, with a free-cash-flow margin of 10.3%. Where it stands out: stock pay as % of revenue of 0.4% ranks 4 of 26 apparel, accessories & luxury goods companies we cover.

Our discounted-cash-flow model values the business at ~$36 per share in the base case (~$29–$45 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 333.5% while net income grew 139.4%: a 194pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.9 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.2bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 19.3% over 90 days.

Things to watch

  • Below peers: days sales outstanding. Days sales outstanding of 50 days ranks 19 of 24 apparel, accessories & luxury goods companies we cover (median 38 days).

Latest results: FY2027 Q2

Filed August 26, 2026
Earnings per share
$0.53 against an average estimate of $0.35: beat by 50.3%
Revenue
$170m, up 4.9% on a year earlier
Share reaction
-1.3% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
gross margin 55% to 56% (the second half of fiscal 2027)
Next report
November 24, 2026

Movado Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week+1.8%
  • 1 month-6.0%
  • This year+60.3%
  • 1 year+84.0%
  • 5 years+22.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$690M
Operating margin
6.9%
Net margin
6.0%
EPS (TTM, diluted)
$1.81

Growth

Revenue growth
+5.2%
Change in growth rate
+0.4 pts
Share count change
+1.3%

Cash

Free cash flow (TTM)
$71.3M
FCF margin
10.3%
Stock pay % of revenue
0.4%

Earnings

Last results
August 26, 2026
Next results (est.)
November 24, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Movado Group Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.4% a year for five years.That is close to the -1.2% a year revenue growth Movado Group has delivered.

  • Priced in-0.4%
  • Last 12 months5.2%
  • 3 years a year-0.6%
  • 5 years a year-1.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($31.64, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$36
Price used
$31.64close November 3, 2026
Implied change
▲ +14%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Movado Group Inc's free cash flow after stock-based pay with after-tax interest added back ($36M, FY2027 Q2 TTM), growing 3.7% and 2.7% in the next two years (forecasts, guidance and its record), then back to 2.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$29–~$45 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Movado Group Inc's free cash flow after stock-based pay ( $36M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Movado Group Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$36 ~$29–$45 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$25 ~$23–$37 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$24 ~$18–$31 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$25 ~$22–$29 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$29 ~$24–$36 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Movado Group Inc with Apparel, Accessories & Luxury Goods in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $32$40$50$64$83$106
8.5% $26$32$40$50$63$80
10% $23$28$34$41$51$64

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$16.64$17.95$20.65$21.99$12.25$14.76$27.18$27.01$22.99$16.96$21.97$31.86
Market value$395m$418m$477m$519m$285m$343m$644m$620m$521m$383m$497m$727m
+ Net debt (− = net cash)−$228m−$256m−$215m−$190m−$186m−$224m−$277m−$252m−$262m−$209m−$231m−$212m
Enterprise value$167m$161m$262m$329m$99m$119m$366m$368m$258m$175m$266m$516m
Multiples
Price / sales 0.7x0.8x0.8x0.8x0.4x0.7x0.9x0.8x0.8x0.6x0.7x1.1x
Price / earnings 8.8x11.9x—8.4x6.7x—7.0x6.9x12.6x20.9x18.7x17.6x
Price / free cash flow 5.9x8.0x9.7x6.9x14.7x5.2x5.1x13.1x7.6x—9.3x10.2x
EV / EBITDA 2.0x2.5x4.6x4.3x1.7x—2.8x2.9x4.4x6.0x6.8x9.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Movado Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.2% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 54.3%, moving by 2.0 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.9%; its worst year was -29.2%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 9.8% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 2.9% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (61 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 24, 2026, before the open. Analysts expect revenue of $195m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.94 +65% $708m +5%
Next $2.33 +20% $739m +5%

Next year's EPS estimate has moved +19.3% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.7% on 90 days ago. In the last 30 days, 2 analysts raised Movado Group Inc's forecast and 0 cut it.

Consensus EPS forecast Movado Group Inc, last 90 days
$1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.83 Current fiscal year, 60 days ago: $1.83 Current fiscal year, 30 days ago: $1.87 Current fiscal year, 7 days ago: $1.87 Current fiscal year, Now: $1.94 $1.94 Next fiscal year, 90 days ago: $1.95 Next fiscal year, 60 days ago: $2.14 Next fiscal year, 30 days ago: $2.28 Next fiscal year, 7 days ago: $2.28 Next fiscal year, Now: $2.33 $2.33

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.83$1.95
60 days ago $1.83$2.14
30 days ago $1.87$2.28
7 days ago $1.87$2.28
Now $1.94$2.33

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.35 $0.53 +50.3%
Apr 2026 $0.07 $0.32 +357.1%
Jan 2026 $0.54 $0.57 +5.6%
Oct 2025 $0.57 $0.42 −26.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • gross margin the second half of fiscal 2027 55% to 56%
    “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.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Movado Group Inc's revenue by +3.7% next year and +2.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.9%, weight 56%) and the company's own record (+2.3%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112
  4. Jul 2026112

Counts of recommendations published by analysts covering Movado Group Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.1%
of tradable shares
Days to cover
5.25
at average volume
Short interest, 1 month
−10%
to October 15, 2026
Held by institutions
96%
of shares
Held by insiders
4.2%
of shares
Employees
991
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +84.6%

$17.26 on October 31, 2025 to $31.86

ThenNowEffect
Revenue (last 12 months) $656m $690m +5.2%
Net margin 2.6% 6.0% +127.5%
P/E multiple 22.5x 17.6x −21.9%
Share count 23m 23m −1.3%

Biggest factor: net margin.

Last 3 years +32.4%

$24.07 on November 3, 2023 to $31.86

ThenNowEffect
Revenue (last 12 months) $703m $690m −1.8%
Net margin 9.1% 6.0% −34.3%
P/E multiple 8.5x 17.6x +106.5%
Share count 23m 23m −0.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MOV+160%−20%+2%−31%+14%+60%
Industry peers (median)+18%−37%+0%−6%−12%+12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MOV67%33%50%33%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MOV−19%−31%−31%−38%−35%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 83% from June 6, 2018 to March 23, 2020. Getting back needed a 479% gain, reached on May 29, 2026, 2258 days after the low.

Price behaviour

52-week range
$16.84 – $39.31
From 52-week high
−19.0%
vs 50-day average
−3.1%
vs 200-day average
+4.6%
Volatility (1 year)
37%
Beta vs S&P 500
0.98

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.9%
After a week
7 up, 5 down
typical move ±8.4%
After a month
7 up, 5 down
typical move ±14.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 −1.3% +0.7% −3.6% −1.3%
May 27, 2026 +19.3% +0.5% +22.2% +34.2%
March 19, 2026 +4.2% −1.7% +4.9% +27.1%
November 25, 2025 +9.5% +1.6% +9.0% +9.1%
August 28, 2025 +4.3% −0.2% +11.1% +9.7%
May 29, 2025 −7.0% +0.3% −11.3% −10.5%
April 16, 2025 +2.1% −2.1% +10.4% +36.3%
April 11, 2025 −1.3% +2.8% −2.5% +26.5%
December 5, 2024 0.0% 0.0% +0.5% −4.5%
September 5, 2024 −16.3% −1.9% −18.6% −12.0%
May 30, 2024 −1.0% +0.2% −2.6% −7.1%
March 26, 2024 +4.2% +0.7% +4.4% +0.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Movado Group Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Movado Group Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Movado Group Inc
$640M $660M $680M $700M FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $675.2M Revenue (TTM), FY24 Q4: $664.4M Revenue (TTM), FY25 Q1: $652.2M Revenue (TTM), FY25 Q2: $651.2M Revenue (TTM), FY25 Q3: $647.7M Revenue (TTM), FY25 Q4: $653.4M Revenue (TTM), FY26 Q1: $650.8M Revenue (TTM), FY26 Q2: $655.6M Revenue (TTM), FY26 Q3: $661.2M Revenue (TTM), FY26 Q4: $671.3M Revenue (TTM), FY27 Q1: $681.9M Revenue (TTM), FY27 Q2: $689.9M $689.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $675.2M
FY24 Q4 $664.4M
FY25 Q1 $652.2M
FY25 Q2 $651.2M
FY25 Q3 $647.7M
FY25 Q4 $653.4M
FY26 Q1 $650.8M
FY26 Q2 $655.6M
FY26 Q3 $661.2M
FY26 Q4 $671.3M
FY27 Q1 $681.9M
FY27 Q2 $689.9M
Revenue growth, TTM YoY Movado Group Inc
-15% -10% -5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -11.6% Revenue growth, TTM YoY, FY24 Q4: -10.7% Revenue growth, TTM YoY, FY25 Q1: -10.3% Revenue growth, TTM YoY, FY25 Q2: -7.3% Revenue growth, TTM YoY, FY25 Q3: -4.1% Revenue growth, TTM YoY, FY25 Q4: -1.7% Revenue growth, TTM YoY, FY26 Q1: -0.2% Revenue growth, TTM YoY, FY26 Q2: 0.7% Revenue growth, TTM YoY, FY26 Q3: 2.1% Revenue growth, TTM YoY, FY26 Q4: 2.7% Revenue growth, TTM YoY, FY27 Q1: 4.8% Revenue growth, TTM YoY, FY27 Q2: 5.2% 5.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -11.6%
FY24 Q4 -10.7%
FY25 Q1 -10.3%
FY25 Q2 -7.3%
FY25 Q3 -4.1%
FY25 Q4 -1.7%
FY26 Q1 -0.2%
FY26 Q2 0.7%
FY26 Q3 2.1%
FY26 Q4 2.7%
FY27 Q1 4.8%
FY27 Q2 5.2%
Operating margin (TTM) Movado Group Inc
0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 8.7% Operating margin (TTM), FY24 Q4: 7.3% Operating margin (TTM), FY25 Q1: 6.0% Operating margin (TTM), FY25 Q2: 5.2% Operating margin (TTM), FY25 Q3: 3.3% Operating margin (TTM), FY25 Q4: 3.1% Operating margin (TTM), FY26 Q1: 2.8% Operating margin (TTM), FY26 Q2: 3.0% Operating margin (TTM), FY26 Q3: 3.8% Operating margin (TTM), FY26 Q4: 4.4% Operating margin (TTM), FY27 Q1: 5.4% Operating margin (TTM), FY27 Q2: 6.9% 6.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 8.7%
FY24 Q4 7.3%
FY25 Q1 6.0%
FY25 Q2 5.2%
FY25 Q3 3.3%
FY25 Q4 3.1%
FY26 Q1 2.8%
FY26 Q2 3.0%
FY26 Q3 3.8%
FY26 Q4 4.4%
FY27 Q1 5.4%
FY27 Q2 6.9%
FCF margin (TTM) Movado Group Inc
-5% 0% 5% 10% 15% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 11.3% FCF margin (TTM), FY24 Q4: 10.3% FCF margin (TTM), FY25 Q1: 11.1% FCF margin (TTM), FY25 Q2: 3.7% FCF margin (TTM), FY25 Q3: 3.2% FCF margin (TTM), FY25 Q4: -1.5% FCF margin (TTM), FY26 Q1: 0.2% FCF margin (TTM), FY26 Q2: 2.5% FCF margin (TTM), FY26 Q3: 5.3% FCF margin (TTM), FY26 Q4: 7.9% FCF margin (TTM), FY27 Q1: 9.9% FCF margin (TTM), FY27 Q2: 10.3% 10.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 11.3%
FY24 Q4 10.3%
FY25 Q1 11.1%
FY25 Q2 3.7%
FY25 Q3 3.2%
FY25 Q4 -1.5%
FY26 Q1 0.2%
FY26 Q2 2.5%
FY26 Q3 5.3%
FY26 Q4 7.9%
FY27 Q1 9.9%
FY27 Q2 10.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Movado Group took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $671M
  2. Other income $4.2M · 0.6%
  3. Cost of revenue $308M · 45.8%
  4. Gross profit $364M · 54.2%
  5. Selling, general and admin $334M · 49.7%
  6. Operating income $29.8M · 4.4%
  7. Income tax $7.5M · 1.1%
  8. Net income $26.6M · 4.0%

Shares of revenue. Source: Movado Group's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Jan 2013 2014 Jan 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Jan 2018 2019 Jan 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 350 382 468 269 339 587 595 553 568 680 701 506 732 744 664 653 671 690
Gross profit 166 183 256 278 305 310 317 295 298 369 375 270 419 429 364 353 364 387
EBITDA −6 2 45 60 80 84 83 65 57 76 59 −128 130 126 58 29 39 57
Operating income −22 −12 34 49 68 71 70 54 43 62 43 −142 117 116 48 20 30 47
Net income −55 −47 32 57 51 52 45 35 −15 62 43 −112 92 90 41 18 27 41
Diluted EPS −$2.23 −$1.91 $1.27 $2.22 $1.97 $2.02 $1.90 $1.51 −$0.66 $2.61 $1.83 −$4.80 $3.87 $3.94 $1.83 $0.81 $1.17 $1.81
Growth (year on year)
Revenue — +9.3% +22.5% −42.5% +25.7% +73.4% +1.4% −7.1% +2.8% +19.7% +3.1% −27.8% +44.6% +1.6% −10.7% −1.7% +2.7% +5.2%
EBITDA — — — +33.3% +33.4% +5.0% −0.8% −21.3% −13.5% +34.8% −22.2% −315.6% — −2.7% −54.0% −49.5% +33.8% +96.0%
Operating income — — — +47.0% +37.3% +5.5% −1.9% −23.0% −20.0% +44.0% −30.9% −430.6% — −1.6% −58.1% −58.7% +49.0% +142.5%
Net income — — — +78.4% −10.9% +1.8% −12.9% −22.2% −143.4% — −30.7% −361.2% — −1.3% −54.3% −55.6% +44.6% +139.4%
Diluted EPS — — — +74.8% −11.3% +2.5% −5.9% −20.5% −143.7% — −29.9% −362.3% — +1.8% −53.6% −55.7% +44.4% +136.4%
Margins
Gross margin 47.4% 47.9% 54.8% — 90.2% 52.8% 53.3% 53.3% 52.5% 54.4% 53.5% 53.4% 57.2% 57.7% 54.8% 54.0% 54.2% 56.1%
EBITDA margin −1.7% 0.4% 9.6% 22.3% 23.6% 14.3% 14.0% 11.8% 10.0% 11.2% 8.5% −25.3% 17.7% 17.0% 8.7% 4.5% 5.8% 8.2%
Operating margin −6.2% −3.2% 7.2% 18.3% 20.0% 12.2% 11.8% 9.8% 7.6% 9.2% 6.1% −28.1% 16.0% 15.5% 7.3% 3.1% 4.4% 6.9%
Net margin −15.6% −12.3% 6.8% 21.2% 15.0% 8.8% 7.6% 6.3% −2.7% 9.1% 6.1% −22.0% 12.5% 12.1% 6.2% 2.8% 4.0% 6.0%
Free-cash-flow margin 8.5% 8.7% 16.6% 8.5% 11.2% 8.3% 11.2% 9.4% 8.6% 11.1% 2.8% 12.9% 17.1% 6.3% 10.3% −1.4% 8.0% 10.4%
Cash flow
Cash from operations 35 40 86 39 55 60 75 58 55 86 32 68 131 54 77 −2 58 75
Capital spending 5 7 8 16 17 11 8 6 6 11 13 3 6 7 8 8 5 4
Free cash flow 30 33 78 23 38 48 66 52 49 76 19 65 125 47 69 −9 53 71
Stock-based pay 1 2 2 3 4 6 6 7 5 6 6 5 5 6 7 4 5 3
Free cash flow after stock pay 29 32 76 20 34 43 60 45 44 69 13 60 120 42 61 −14 48 69
Balance sheet
Cash 71 103 182 168 158 200 228 256 215 190 186 224 277 252 262 209 231 212
Total debt 0 — — — — — — — — — — — — — — — — 0
Net debt (negative = net cash) −71 −103 −182 −168 −158 −200 −228 −256 −215 −190 −186 −224 −277 −252 −262 −209 −231 −212
Diluted shares 25m 25m 25m 26m 26m 26m 24m 23m 23m 24m 23m 23m 24m 23m 23m 23m 23m 23m
Returned to shareholders
Dividends 1 — 3 37 7 10 10 12 12 18 18 0 22 31 53 31 31 32
Buybacks — — — — 10 26 49 4 4 7 4 0 23 31 3 3 4 4
Total returned 1 — 3 37 17 36 59 16 16 26 23 0 45 63 56 34 35 36

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · July 31, 2026
What it owns · $743m
Short-term assets $527mLonger-term assets $216m
What it owes, and who funded it · $742m
Short-term liabilities $124mLonger-term liabilities $112mShareholders' equity $506m
  • Short-term assets cover short-term liabilities $527m of assets due within a year against $124m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $527m short-term assets against $112m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $47m against $496,000 of interest.

From Movado Group Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$3.8M
Dividends (TTM)
$32.1M
Returned to shareholders
50%
of free cash flow
Buybacks, last 3 fiscal years
$9.6M
Diluted share count
+1.3%
year over year
Total shareholder yield
4.9%
dividends 4.4% + buybacks 0.5% of market value
Dividend payout ratio
78%
of net income paid out
Sales & admin spending
49.2%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel, accessories & luxury goods
Last 12 months unless stated MOV FIGS SGC UFI FOSL BRLT Median
Revenue, last 12 months $690m $710m $574m $531m $985m $449m $1.5bn
Revenue growth, last 12 months 5.2% 24.7% −0.4% −7.0% −9.1% 6.4% 1.6%
Revenue growth, 3-year average −0.6% 10.1% 1.6% −5.2% −14.6% 0.8% −1.5%
Revenue growth, latest quarter 4.9% 28.8% 2.6% 4.1% −4.9% 5.7% 1.1%
Gross margin 56.1% 68.9% 37.6% 1.4% 56.7% 56.5% 52.5%
Operating margin 6.9% 9.6% — −2.8% −0.6% −2.0% 4.4%
Operating margin, 3-year average 5.0% 5.4% — −3.6% −4.9% −0.5% 2.5%
Net margin 6.0% 8.7% 1.4% −4.6% −7.1% −1.0% 3.9%
Cash from operations / revenue 10.9% 15.2% 6.0% 5.0% −3.8% 1.4% 9.2%
Free-cash-flow margin 10.3% 13.7% 5.5% 4.1% −4.2% 0.6% 7.5%
Free-cash-flow margin, 3-year average 5.5% 11.6% 5.9% −1.0% −1.4% 2.2% 5.8%
Stock pay / revenue 0.4% 3.4% 0.8% 0.7% 0.4% 1.6% 0.9%
Change in share count 1.3% 11.3% −4.9% 1.0% 6.4% −21.7% 0.0%

Median of all 29 companies we cover in apparel, accessories & luxury goods. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 apparel, accessories & luxury goods companies
Measure Company Peer median Rank
Revenue growth Growth 5.2% 1.6% 12 of 29
Change in growth rate Growth +0.4pp +0.0pp 13 of 29
Gross margin Profitability 56.1% 52.5% 11 of 27
Operating margin Profitability 6.9% 4.5% 10 of 26
Net margin Profitability 6.0% 3.9% 12 of 29
Free-cash-flow margin Cash generation 10.3% 7.6% 9 of 28
Stock pay as % of revenue Cash generation 0.4% 1.0% 4 of 26
Change in share count Balance sheet 1.3% 0.0% 16 of 25
Days sales outstanding Balance sheet 50 days 38 days 19 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Segments
Line of business Revenue Share YoY
Watch and Accessory Brands $568M 84.7% ▲ 2.1%
Company Stores $103M 15.3% ▲ 6.2%
Geography
Region Revenue Share YoY
Outside the US $381M 56.7% ▲ 1.6%
United States $291M 43.3% ▲ 4.3%

From Movado Group Inc's 10-K filed March 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$581M
Institutions reporting
184
Shares held vs prior quarter
▲ 6.6%
Positions opened / closed
46 / 22

Top buyers and sellers, Q2 2026: 117 institutions bought and 64 sold ; the biggest buyer was Mackenzie Financial Corp (+330K shares) and the biggest seller Brandes Investment Partners, LP (−739K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $52.8M 1.3M 9.1% ▲ 11.4%
Goldman Sachs Group Inc $37.1M 943K 6.4% ▲ 3.1%
Dimensional Fund Advisors LP $34.6M 879K 5.9% ▲ 3.1%
Royce & Associates LP $32.5M 827K 5.6% ▼ 29.0%
Ameriprise Financial Inc $26.5M 674K 4.6% ▲ 11.9%
Vanguard Capital Management LLC $26.2M 667K 4.5% ▲ 1.5%
Acadian Asset Management LLC $24.6M 625K 4.2% ▲ 64.6%
American Century Companies Inc $18.1M 459K 3.1% ▲ 14.5%
Geode Capital Management, LLC $17.7M 450K 3.0% ▲ 18.1%
State Street Corp $14.8M 376K 2.5% ▲ 4.2%
AQR Capital Management LLC $14.2M 361K 2.4% ▲ 10.7%
Mackenzie Financial Corp $14.2M 361K 2.4% ▲ 1078.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Movado Group Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $26,948 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $26,948 net selling
Insider Date Trade Shares Price Value
Kennedy Michelle SVP, Human Resources December 9, 2025 Sell 1,290 $20.89 $26,948

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 24, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • May 27, 2026
  • March 19, 2026
  • November 25, 2025
  • August 28, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Movado Group Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Movado Group Inc in brief

What does Movado Group Inc do?
Movado Group Inc is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in January.
What is Movado Group Inc's stock ticker?
Movado Group Inc trades under the ticker MOV on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Movado Group Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Movado Group Inc reported revenue of $690M, 5.2% higher than a year earlier, according to its SEC filings.
What is Movado Group Inc's free cash flow?
Movado Group Inc's free-cash-flow margin is 10.3% of revenue over the trailing twelve months, ranking 9 of the 28 apparel, accessories & luxury goods companies we cover.
What is Movado Group Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Movado Group Inc's free cash flow after stock-based pay gives ~$36 per share in the base case, and ~$29–$45 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Movado Group Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Goldman Sachs Group Inc and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Movado Group Inc buying back stock, and does it pay a dividend?
Movado Group Inc spent $3.8M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.3% over the year.
What is Movado Group Inc's market cap?
On November 2, 2026, Movado Group Inc's market capitalisation was about $727M, with a price-to-earnings ratio of 17.6 and net debt of -$212M. Market figures come from third-party market data and may be delayed.
Does Movado Group Inc pay a dividend?
Yes: Movado Group Inc paid $32.1M in dividends over the trailing twelve months, a dividend yield of 4.37% and a payout ratio of 77.7%.
Who are Movado Group Inc's competitors?
In our Apparel, Accessories & Luxury Goods peer group, the companies closest to Movado Group Inc are Figs, Inc., Superior Group Of Companies, Inc., Unifi Inc, Fossil Group, Inc. and Brilliant Earth Group, Inc. The side-by-side comparison below sets their revenue, margins and growth against Movado Group Inc's.
Are insiders buying or selling Movado Group Inc stock?
Over the last 12 months, Movado Group Inc's directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Movado Group Inc's next earnings date?
Around November 24, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Movado Group Inc announces its own schedule.