Movado Group stock reports strong results and trades at EUR 29.20

Published on 09/30/2026 at 20:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Movado Group stock posted fiscal Q2 2027 revenue of USD 169.8 million, up 4.90 percent year over year. It was EUR 29.20 at Lang & Schwarz, down 1.02 percent on September 30, 2026.

MOV, US6245801062, Illustration mit AI erstellt.

Movado Group (ISIN US6245801062) was trading at EUR 29.20 at Lang & Schwarz on September 30, 2026, at 8:03 p.m. CEST, down 1.02 percent versus the prior close of EUR 29.50. The watchmaker's fiscal second-quarter results showed higher sales and sharply improved GAAP earnings.

Q2 revenue rose 4.90 percent

According to OTC Markets, Movado reported fiscal Q2 2027 net sales of USD 169.8 million for the period ended July 31, 2026, compared with USD 161.8 million in fiscal Q2 2026. That represents a 4.90 percent year-over-year increase and provides the clearest operating comparison in the latest report.

GAAP diluted EPS reached USD 0.53, up from USD 0.13 a year earlier. Net income attributable to Movado Group rose to USD 12.3 million from USD 3.0 million, while the company also reported USD 211.6 million in cash at quarter-end.

Gross margin reached 59.40 percent

Gross margin increased to 59.40 percent from 54.10 percent in the prior-year quarter. The company said USD 3.2 million of IEEPA duty refunds contributed 1.90 percentage points of the 5.30-point improvement, making the quality of the margin expansion important for the next quarters.

Excluding the duty refund, gross margin was 57.50 percent. Movado also said it expects fiscal second-half top-line growth in the mid-single-digit range and gross margin of 55.00 percent to 56.00 percent, excluding additional IEEPA refunds, according to OTC Markets.

Analyst target remains USD 45.00

MarketBeat reported on September 29, 2026, that BWS Financial maintained a Buy rating and a USD 45.00 price target. The same report cited an average analyst target of USD 40.00, while the stock's USD 17.24 to USD 40.50 52-week range places the current USD 29.20 equivalent well below its yearly high.

The market capitalization was USD 520.9 million on September 30, 2026. For investors, the central issue is whether margin performance can remain above the 55.00 percent to 56.00 percent outlook after the one-time refund benefit fades.

Stock trades at EUR 29.20 after hours

Movado Group was trading at EUR 29.20 at Lang & Schwarz on September 30, 2026, at 8:03 p.m. CEST, down 1.02 percent versus the prior close of EUR 29.50. Its primary listing is on the NYSE, where the latest finance quote was USD 33.03 at 2:02 p.m. EDT on September 30, 2026.