Movado Group, Inc. (MOV) Stock

Movado Group, Inc. (MOV) is a Consumer Discretionary stock trading at $33.71 (as of 2026-09-02), with a market capitalization of $778.20M and a trailing P/E of 18.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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 brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. As of January 31, 2022, it operated 51 retail outlet locations. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.

Understand Movado Group, Inc.: how it makes money

Movado designs and distributes fashion watches under its own brands (Movado, Concord, Ebel, Olivia Burton, MVMT) and licensed names like Coach and HUGO BOSS, selling through jewelry chains, department stores, and DTC. The mix spans wholesale to retail chains and its own storefronts, with price points that track consumer discretionary spending cycles.

A 57% gross margin on fashion watches is largely consumed by store rents, licensing fees, and distribution overhead, leaving a roughly 5% operating margin that is highly sensitive to volume, channel mix, and import tariffs.

Business quality (Weak): A thin-operating-margin, volume-driven watch business with a weak quality grade and limited pricing power against both luxury compatriots and fast-fashion substitutes.

Valuation: At 25× earnings, MOV trades 11% above the Consumer Goods average (22×).

Bull case

  • Owned brand momentum: Movado brand sales grew 17.7% and store comparable sales rose 9.4% in Q3 FY26, signaling the core brand is accelerating faster than the broader licensed mix.
  • Tariff overhang easing: Management expects the Swiss tariff framework to reduce the U.S. import rate to 15%, which would directly relieve the 230-basis-point gross margin drag management attributed to higher tariffs this quarter.

Bear case

  • Tariff and inventory strain: Incremental tariffs shaved 230 basis points off quarterly gross margin, and inventory rose 11.8% year over year on tariff-related build-up, compressing the already thin 5% operating margin.
  • Opaque forward guidance: Management provided no fiscal 2026 outlook on the Q3 call, leaving investors without a roadmap to judge whether the current U.S. recovery is durable or a single-quarter blip.
  • Premium multiple on thin earnings: At 24.8x trailing earnings the stock trades 11% above the Consumer Goods peer average (22.4x) despite a 5% operating margin, meaning the multiple assumes margin expansion the current cost structure has not yet delivered.
Valuation — source: SEC EDGAR (first-party)
Price$33.71
Market Cap$778.20M
P/E Ratio18.8
EV / EBITDA10.0
Price / Book1.53
Price / Sales1.13
FCF Yield6.9%
DCF Value (model)$23.04
DCF Upside vs Price-31.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$671.31M
Net Margin4.0%
Revenue Growth (YoY)4.9%
EPS Growth (YoY)323.1%
FCF Growth (YoY)-68.4%
Financial Health — source: SEC EDGAR
Altman Z-Score4.49 (safe)
Valuation vs Sector & Industry
Stock P/E18.8
Sector P/E (Consumer Discretionary)20.1
Industry P/E (Consumer Goods)21.6
vs Sector-6.5%
vs Industry-12.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($36.72M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryConsumer Goods
CEOEfraim Grinberg
Employees1,009
CountryUS
IPO Date1993-09-30

Movado Group, Inc. earnings call transcripts

  • MOV Q2 FY27 earnings call transcript (reported 2026-08-26) · analysis
  • MOV Q3 FY26 earnings call transcript (reported 2025-11-25) · analysis
  • MOV Q2 FY26 earnings call transcript (reported 2025-08-28) · analysis

All MOV earnings calls

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MOV earnings history · MOV institutional & insider holders · MOV KPIs & operating metrics · MOV financials · MOV investor presentations & press releases · MOV SEC filings · MOV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.