For its second fiscal quarter (ending July 31), Movado Group Inc (NYSE: MOV) has reported a -53% decline in E.P.S. from $0.36 a year ago to $0.17 in the current quarter. For the latest four quarters through July 31, E.P.S. were $1.63 compared to $3.10 a year ago — a decline of -47%.
Recent Price Action
On 9/5/24, Movado Group Inc (NYSE: MOV) stock suffered a major decline of -14.7%, closing at $19.27. Moreover, exceptionally high trading volume at 440% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -21.7% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Movado Group has a neutral Appreciation Score of 57 but a very low Power Rating of 15, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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