Movado Group Inc (NYSE: MOV) has reported earnings for its first fiscal quarter (ending April 30) of $0.13 versus $0.41 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $1.82 versus $3.80 for the same period a year ago.
Recent Price Action
Movado Group Inc (NYSE: MOV) stock declined modestly by -1.8% on 5/30/24. The stock closed at $26.28. Moreover, trading volume in this decline was above average at 131% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
MOV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Movado Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Movado Group has a neutral Appreciation Score of 49 but a poor Power Rating of 22, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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