For its fourth fiscal quarter (ending January 31), Movado Group Inc (NYSE: MOV) has reported E.P.S. of $0.53 compared to $1.02 a year ago. E.P.S. were $2.06 for the latest four quarters through January 31 versus $4.20 for the same period a year ago.
Recent Price Action
On 3/26/24, Movado Group Inc (NYSE: MOV) stock rose modestly by 0.7%, closing at $26.71. Moreover, trading volume in this advance was exceptionally high at 210% of normal. The stock has performed in line with the market over the last nine months and has risen 3.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MOV is expected to continue to be an important Value Builder.
Movado Group has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Movado Group has a good Appreciation Score of 82 but a neutral Power Rating of 46, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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