The Latest Breaking News from MOV

Retail sales rose last month, with consumers showing resilience. However, the persistently high inflation and growing recession concerns are prompting consumers to cut back on discretionary spending. While investors looking for retail investments could consider buying Dillard’s (DDS) and Movado (MOV), we think Gap (GPS) and RealReal (REAL) might be…

The retail industry continues to do well despite surging commodity prices, supply chain disruptions, and labor shortages, thanks to the expansion of e-commerce. Therefore, fundamentally strong retail stocks, such as Buckle, Inc. (BKE), J.Jill, Inc. (JILL), and Movado Group (MOV), could be promising investments. On the other hand, avoiding The…

Since the stock market is expected to remain volatile on concerns over the economy witnessing recessionary pressures, it could be wise to invest in fundamentally strong stocks The Kroger (KR), AudioCodes (AUDC), Movado Group (MOV), Progress Software Corp. (PRGS), and Viemed Healthcare (VMD), which are trading under $50. Read on….

Despite persistently high inflation levels, the luxury goods industry is expected to grow significantly this year, driven by sustained luxury spending, growing media influence, and integration of e-commerce platforms. Thus, we think fundamentally sound luxury goods stocks Ralph Lauren (RL), J.Jill. (JILL), and Movado (MOV) could be ideal additions to…

Movado Group (MOV) reported revenue growth across its segments in the last quarter and anticipated its earnings to soar over the coming quarters. Also, the stock has been recently upgraded to Strong Buy in our proprietary rating system. Read on to know why we think it’s an excellent addition to…

Consumer cyclical stocks have witnessed a substantial price dip amid bearish consumer sentiment and contracting macroeconomic growth rates. However, consumer spending remains strong and could help fundamentally sound consumer cyclical companies ODP (ODP), Movado Group (MOV), and TravelCenters of America (TA) to perform well despite the economic turbulence. Thus, we…

 

Monday marks the last chance for investors to receive the next dividend payout from Movado Group (NYSE:MOV).

Investors' concerns over the possibility of aggressive interest rate hikes and the persistent geopolitical tensions have led to market sell-offs. The overall pressure on the stock market pushed fundamentally sound stocks Stellantis (STLA), Movado (MOV), and Bluegreen Vacations (BVH) into the oversold territory. However, considering their long-term growth prospects, these…

According to Benzinga Pro, during Q4, Movado Group (NYSE:MOV) earned $31.61 million, a 0.58% increase from the preceding quarter. Movado Group's sales decreased to $205.97 million, a 5.41% change since Q3.

Movado Group (NYSE:MOV) reported fourth-quarter FY22 sales growth of 15.5% year-on-year, to $205.98 million, beating the consensus of $191 million. The gross margin expanded 220 basis points to 58.7%, and the gross profit rose 19.8% Y/Y to $120.8 million. The operating margin was 18.5%, and operating income for the quarter rose 47.5% to…