Ultime notizie per Movado Group (NYSE:MOV) Azioni

Movado Group

Movado Group Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches and, to a lesser extent, jewelry and other accessories of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of its revenue from its international locations.

Movado Group Inc

MOVADO GROUP INC A by Movado Group, Inc.

Movano Inc

Moonriver - United States Dollar

Moveix Inc

MOVELLA HOLDINGS INC by Movella Holdings Inc.

Movella Holdings Inc

Movella Holdings Inc Warrants (10/02/2028)

MOVEMENT INDS CORP by MOVEMENT INDS CORP.

Movement Industries Corp

MovieBloc

Moving iMage Technologies, Inc. Common Stock

Moving iMage Technologies Inc

News

BBWI

Bath & Body Works To Be Moved To S&P SmallCap 600 Effective Prior To The Open Of Trading On October 1, Replacing Movado Group

WIIM

Movado Group shares are trading lower after the company reported worse-than-expected Q2 EPS results and lowered its FY25 guidance.

Guidance

Movado Group Lowers FY25 Outlook: Sees Sales Of $665.0M-$675.0M Vs. $701.5M Estimate (Prior View: $700.0M-$710.0M); Projects Earnings Per Share Of $0.90-$1.00 Vs. $1.26 Estimate (Prior View: $1.20-$1.30)

Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.19 by 15.79 percent. This is a 57.89 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $159.31 million which beat the analyst consensus estimate of $150.50 million by 5.86 percent. This is a 0.67 percent decrease over sales of $160.39 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Movado Group Q2 EPS $0.16 Misses $0.19 Estimate, Sales $159.31M Beat $150.50M Estimate

Benchmark analyst Michael Legg reiterates Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) with a Buy and maintains $41 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Movado Group, Maintains $41 Price Target

Movado Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) shares are trading lower <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">after the company reported first-quarter results.</a>
The company reported quarterly earnings per share of 13 cents, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b39081605/movado-group-inc-announces-first-quarter-fiscal-2025-results" rel="noreferrer noopener">street view of 12 cents</a>.
Quarterly revenues of $136.669 million <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the analyst consensus of $145.200 million.</a>
Net sales decreased 5.7% (decreased 6.1% on a constant dollar basis), owing to declines in wholesale customers&#8217; brick and mortar stores and Movado Company Stores.
Movado generated a gross margin of 55.3% in the quarter under review, as compared to 56.6% in the year-ago period. The decrease in gross margin percentage was primarily the result of unfavorable changes in channel and product mix, along with the decreased leverage of certain fixed costs as a result of lower sales.
The company generated operating income of $3.3 million, compared to $10.9 million in the prior year period.
&#8220;As planned, we will begin to ramp up our marketing investments during the second quarter to support our strategic growth opportunities, including an exciting new Movado campaign that will launch in the fall,&#8221; Efraim Grinberg, Chairman and Chief Executive Officer, stated.
&#8220;We expect our amplified marketing messaging to grow brand awareness and deliver a return to sales growth in the second half of the year,&#8221; Grinberg added.
Dividend: Movado approved a cash dividend of $0.35 per share, which will be paid on June 26 to shareholders of record as of the close of business on June 12.
Outlook: The company continues to expect fiscal 2025 net sales of approximately $700 million &#8211; $710 million versus the $700.8 million estimate and EPS of $1.20 &#8211; $1.30 <a href="https://www.benzinga.com/calendars/guidance">against the consensus of $1.12.</a>
Movado sees gross profit of approximately 55% of net sales, and operating income of approximately $32 million to $35 million.
Price Action: MOV shares are trading lower by 1.61% to $26.33 at last check Thursday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39045085/analyst-upgrades-duolingo-sees-very-different-user-experience-than-chatgpt" target="_blank" rel="noreferrer noopener">Analyst Upgrades Duolingo, Sees Very Different User Experience Than ChatGPT</a>
Photo by Matthew Bain Via Shutterstock

Equities

Markets

General

Watch Company Movado Aims For H2 Comeback Amid Q1 Revenue Dip: Details

Fiscal 2025&nbsp;Outlook
The Company continues to expect fiscal 2025 net sales to be in a range of approximately&nbsp;$700 million&nbsp;to&nbsp;$710 million, gross profit of approximately&nbsp;55%&nbsp;of net sales, and operating income in a range of approximately&nbsp;$32 million&nbsp;to&nbsp;$35 million. Assuming no changes to current tax regulations, the Company anticipates an effective tax rate of approximately&nbsp;22%&nbsp;for the fiscal year and earnings in a range of approximately&nbsp;$1.20&nbsp;to&nbsp;$1.30&nbsp;per diluted share.&nbsp;

Movado Group Reiterated FY25 Net Sales of $700.0M-$710.0M Vs $700.8M Est, EPS of $1.20-$1.30 Vs $1.12 Est

Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.12 by 8.33 percent. The company reported quarterly sales of $136.669 million which missed the analyst consensus estimate of $145.200 million by 5.88 percent. This is a 5.68 percent decrease over sales of $144.905 million the same period last year.

Movado Group Q1 2025 GAAP EPS $0.13 Beats $0.12 Estimate, Sales $136.669M Miss $145.200M Estimate

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said GigaCloud Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) is an e-commerce play that he just doesn't know enough about. He needs to do more <a href="https://www.benzinga.com/news/earnings/24/03/37752390/why-gigacloud-technology-shares-are-surging-today">work on that one</a>.
On March 15, GigaCloud Technology reported better-than-expected fourth-quarter FY 2023 earnings and issued 2024 guidance. Revenue rose 94.8% Y/Y to $244.7 million, beating the consensus of $224.2 million, led by higher market demand for large parcel merchandise.
&#8220;It never really does anything. I think its stuff is kind of overpriced, but you do get that yield,&#8221; Cramer said when asked about Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>). &#8220;I feel it's neither here nor there at that price.&#8221;
On March 26, Movado reported fourth-quarter adjusted earnings per share of 55 cents, beating the analyst consensus of 39 cents. Quarterly revenue of $179.62 million beat the street view of $174.80 million. The company generated a gross margin of 53.9% as compared to 56.2% in the <a href="https://www.benzinga.com/news/earnings/24/03/37936301/why-movado-group-shares-are-falling-today">fourth quarter of fiscal 2023</a>.
When asked about NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), Cramer said go buy GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>). &#8220;I don't want you to lose any money,&#8221; he added.
NuScale Power is scheduled to host a conference call to review first-quarter results on Thursday, May 9. Analysts expect the company to report a quarterly loss at 13 cents per share on revenue of $8.26 million.
Price Action:
<ul>
<li>Movado shares rose 0.4% to settle at $26.30 on Thursday.</li>
<li>GigaCloud Technology shares gained 1.3% to settle at $36.36 during Thursday's session.</li>
<li>NuScale Power shares climbed 7.1% to close at $5.89 on Thursday.</li>
</ul>
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Image: Shutterstock

'I Don't Want You To Lose Any Money': Jim Cramer On This Industrial Stock: 'Go Buy GE Vernova'

Movado Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) shares are trading lower in the&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">morning session on Tuesday</a>.
The company reported fourth-quarter adjusted earnings per share of 55 cents,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37929434/movado-group-inc-announces-fourth-quarter-and-fiscal-year-2024-results" rel="noreferrer noopener">beating the analyst consensus of 39 cents</a>.
Quarterly revenue of $179.62 million beat the street view of $174.80 million. The company generated a gross margin of 53.9% as compared to 56.2%<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener"> in the fourth quarter of fiscal 2023.</a>
Movado reported a fourth-quarter adjusted operating income of $13.8 million compared to $26.8 million in the year-ago period.
The company approved the payment on April 23, 2024, of a cash dividend in the amount of $0.35 for each share of the company&#8217;s outstanding common stock.
During the fourth quarter of fiscal 2024, the company repurchased approximately 26,000 shares under its November 23, 2021, share repurchase program.&nbsp;
As of January 31, 2024, the company had $17.9 million remaining available under the share repurchase program.
Outlook:&nbsp;The company expects fiscal 2025 net sales to be in the range of approximately&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$700 million to $710 million (consensus $689.90 million).</a>
The company expects FY25 gross profit of approximately 55% of net sales and operating income ranging from approximately $32 million to $35 million.
Movado expects FY25 earnings per share of $1.20-$1.30, below the consensus of $2.06.
The company expects net sales for the first half of fiscal 2025 to be relatively flat year-over-year.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, MOV stock has lost over 67% in the past year.&nbsp;
Price Action:&nbsp;MOV shares are trading lower by 2.30% to $25.91 on the last check Tuesday.&nbsp;

Movers

Why Movado Group Shares Are Falling Today

The Company expects fiscal 2025 net sales to be in a range of approximately&nbsp;$700 million&nbsp;to&nbsp;$710 million, gross profit of approximately&nbsp;55%&nbsp;of net sales, and operating income in a range of approximately&nbsp;$32 million&nbsp;to&nbsp;$35 million. Assuming no changes to current tax regulations, the Company anticipates an effective tax rate of approximately&nbsp;22%&nbsp;for the fiscal year and earnings in a range of approximately&nbsp;$1.20&nbsp;to&nbsp;$1.30&nbsp;per diluted share.

Movado Group Expects Fiscal 2025 Net Sales To Be In A Range Of $700M-$710M Vs. $689.9M Estimate, Earnings Per Share Of $1.20-$1.30

Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.39 by 41.03 percent. This is a 46.6 percent decrease over earnings of $1.03 per share from the same period last year. The company reported quarterly sales of $179.62 million which beat the analyst consensus estimate of $174.80 million by 2.76 percent. This is a 7.54 percent decrease over sales of $194.27 million the same period last year.

Movado Group Q4 Adj. EPS $0.55 Beats $0.39 Estimate, Sales $179.62M Beat $174.80M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; bluebird bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) is likely to report quarterly loss at $0.66 per share on revenue of $16.68 million.
&bull; AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) is estimated to report earnings for its fourth quarter.
&bull; Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.52 billion.
&bull; GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.33 per share on revenue of $357.63 million.
&bull; Bragg Gaming Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRAG#NASDAQ">BRAG</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $37.82 million.
&bull; BioLine Rx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) is expected to report earnings for its fourth quarter.
&bull; Zhihu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>) is likely to report quarterly loss at $0.04 per share on revenue of $148.11 million.
&bull; DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $170.91 million.
&bull; Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is estimated to report quarterly earnings at $0.01 per share on revenue of $94.55 million.
&bull; Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) is likely to report earnings for its fourth quarter.
&bull; Acumen Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABOS#NASDAQ">ABOS</a>) is likely to report earnings for its fourth quarter.
&bull; Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) is likely to report earnings for its fourth quarter.
&bull; Delcath Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) is expected to report quarterly loss at $0.51 per share on revenue of $540 thousand.
&bull; Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) is estimated to report earnings for its fourth quarter.
&bull; Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $174.80 million.
&bull; Cognition Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) is estimated to report earnings for its fourth quarter.
&bull; McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is expected to report quarterly earnings at $0.58 per share on revenue of $1.56 billion.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) is likely to report quarterly earnings at $2.84 per share on revenue of $14.36 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) is estimated to report earnings for its fourth quarter.
&bull; Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) is estimated to report earnings for its fourth quarter.
&bull; NovaBay Pharmaceuticals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NBY#AMEX">NBY</a>) is likely to report quarterly loss at $0.30 per share on revenue of $3.40 million.
&bull; Aptose Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) is projected to report earnings for its fourth quarter.
&bull; Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $65.95 million.
&bull; US Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USEG#NASDAQ">USEG</a>) is expected to report quarterly loss at $0.03 per share on revenue of $8.87 million.
&bull; X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) is likely to report earnings for its fourth quarter.
&bull; Iridex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRIX#NASDAQ">IRIX</a>) is likely to report quarterly loss at $0.05 per share on revenue of $14.90 million.
&bull; iPath Series B Carbon Exchange-Traded Notes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRN#NYSE">GRN</a>) is projected to report quarterly loss at $0.01 per share on revenue of $13.40 million.
&bull; Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) is likely to report quarterly loss at $0.11 per share on revenue of $1.64 million.
&bull; BioAtla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>) is expected to report earnings for its fourth quarter.
&bull; GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $2.05 billion.
&bull; Forge Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRGE#NYSE">FRGE</a>) is likely to report quarterly loss at $0.10 per share on revenue of $19.57 million.
&bull; Biora Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOR#NASDAQ">BIOR</a>) is expected to report earnings for its fourth quarter.
&bull; ProSomnus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSA#NASDAQ">OSA</a>) is expected to report quarterly loss at $0.31 per share on revenue of $7.37 million.
&bull; ATA Creativity Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) is likely to report earnings for its fourth quarter.
&bull; Noah Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) is estimated to report earnings for its fourth quarter.
&bull; PAVmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVM#NASDAQ">PAVM</a>) is projected to report quarterly loss at $1.89 per share on revenue of $1.05 million.
&bull; AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) is likely to report quarterly loss at $1.20 per share on revenue of $100 thousand.
&bull; Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) is likely to report quarterly loss at $0.08 per share on revenue of $19.50 million.
&bull; Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is expected to report quarterly earnings at $1.14 per share on revenue of $181.91 million.
&bull; WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) is estimated to report earnings for its fourth quarter.
&bull; LuxUrban Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $34.20 million.
&bull; Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) is expected to report earnings for its fourth quarter.
&bull; Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $2.58 per share on revenue of $2.38 billion.
&bull; Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) is likely to report quarterly loss at $0.83 per share on revenue of $24.06 million.
&bull; Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $124.62 million.
&bull; PaySign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYS#NASDAQ">PAYS</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $12.62 million.
&bull; Ryvyl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) is estimated to report quarterly loss at $0.40 per share on revenue of $18.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 26, 2024

Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-03-26. Here's what investors need to know before the announcement.
Analysts estimate that Movado Group will report an earnings per share (EPS) of $0.39. 
Movado Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 0.27% drop in the share price the next day.
Here's a look at Movado Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.75</td>
<td>0.34</td>
<td>0.26</td>
<td>0.86</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.78</td>
<td>0.38</td>
<td>0.43</td>
<td>1.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-1.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1711375256_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Movado Group were trading at $26.57 as of March 22. Over the last 52-week period, shares are down 7.77%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MOV/earnings">To track all earnings releases for Movado Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Movado Group

In a new SEC filing on December 26, it was revealed that DEMARSILIS, Chief Financial Officer at Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>), executed a significant exercise of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000072573/000095014223003053//Archives/edgar/data/72573/000095014223003053/0000950142-23-003053-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that DEMARSILIS, Chief Financial Officer at Movado Group, a company in the Consumer Discretionary sector, just exercised stock options worth 44,840 shares of MOV stock with an exercise price of $12.42.
Movado Group shares are currently trading down by 0.0%, with a current price of $30.88 as of Wednesday morning. This brings the total value of DEMARSILIS's 44,840 shares to $827,746.
<h3>About Movado Group</h3>
Movado Group Inc designs, develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of revenue from its international location.
<h3>Movado Group: Financial Performance Dissected</h3>
Revenue Challenges: Movado Group's revenue growth over 3 months faced difficulties. As of 31 October, 2023, the company experienced a decline of approximately -11.22%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 54.52%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Movado Group's EPS is below the industry average. The company faced challenges with a current EPS of 0.78. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.19, Movado Group adopts a prudent financial strategy, indicating a balanced approach to debt management.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 12.21, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.02, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.93 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072573">Check Out The Full List Of Movado Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

SALLIE DEMARSILIS At Movado Group Executes Options Exercise, Realizing $827K

Shares of Titan Machinery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/titn#NASDAQ">TITN</a>) moved lower during Thursday&rsquo;s trading following weak quarterly results.
Titan Machinery posted quarterly earnings of $1.32 per share, missing market estimates of $1.53 per share. The company&rsquo;s quarterly sales came in at $694.12 million versus estimates of $727.20 million.
Titan Machinery shares declined 8.1% to $23.41 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Minim Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) shares jumped 700% to $7.36 after gaining over 13% on Wednesday.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agri#NASDAQ">AGRI</a>) gained 174% to $2.47.</li>
<li>Soligenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sngx#NASDAQ">SNGX</a>) surged 116% to $0.90 after the company announced it received FDA IND clearance for the Phase 2 clinical trial of dusquetide in the treatment of aphthous ulcers of Beh&ccedil;et&#39;s disease.</li>
<li>ImmunoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imgn#NASDAQ">IMGN</a>) shares jumped 80% to $28.89 after AbbVie announced it will acquire the company in a transaction valued at $31.26 per share in cash.</li>
<li>Smart for Life, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smfl#NASDAQ">SMFL</a>) gained 46% to $2.2221.</li>
<li>Aditxt, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtx#NASDAQ">ADTX</a>) shares climbed 45% to $5.00.</li>
<li>REX American Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rex#NYSE">REX</a>) gained 30.7% to $48.22 following strong third-quarter results.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) rose 24.2% to $5.03 after surging 22% on Wednesday. Clearmind Medicine recently announced results from its weight loss and metabolic disorder program.</li>
<li>Ucommune International Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uk#NASDAQ">UK</a>) gained 21.8% to $6.58.</li>
<li>Ampio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ampe#NASDAQ">AMPE</a>) shares surged 21% to $2.3750 after gaining over 3% on Wednesday.</li>
<li>Reborn Coffee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rebn#NASDAQ">REBN</a>) gained 19.5% to $0.6216. Reborn Coffee announced conversion of $1 million of outstanding debt into common equity.</li>
<li>Zuora, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zuo#NASDAQ">ZUO</a>) gained 19.5% to $9.98 after the company reported better-than-expected third-quarter financial results and issued guidance.</li>
<li>SpringWorks Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swtx#NASDAQ">SWTX</a>) climbed 18.3% to $31.75.</li>
<li>Jeffs&#39; Brands Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfbr#NASDAQ">JFBR</a>) gained 17% to $3.65.</li>
<li>The InterGroup Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intg#NASDAQ">INTG</a>) rose 13.7% to $25.50.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) climbed 13.6% to $26.80 following third-quarter results.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) gained 11.7% to $8.44 after gaining around 8% on Wednesday.</li>
<li>Farfetch Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftch#NYSE">FTCH</a>) rose 11.2% to $1.0842.</li>
<li>Salesforce, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>) shares gained 8.4% to $249.69 after the company reported third-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Oatly Group AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otly#NASDAQ">OTLY</a>) gained 7.5% to $1.0750.</li>
<li>Snowflake Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) climbed 7.1% to $187.76 after the company reported better-than-expected third-quarter financial results and issued guidance.</li>
<li>Nutanix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntnx#NASDAQ">NTNX</a>) rose 5% to $43.61 after the company reported better-than-expected first-quarter financial results and raised FY24 revenue guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares fell 40.7% to $24.30. Vivos Therapeutics shares jumped around 832% on Wednesday after the company announced it received FDA 510(k) clearance for treating severe obstructive sleep apnea in adults using the Vivos&#39; removable CARE oral appliances.</li>
<li>RedHill Biopharma Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdhl#NASDAQ">RDHL</a>) fell 35.6% to $1.8499 after gaining 26% on Wednesday. On Monday, Redhill Biopharma announced that the FDA had granted five years&#39; market exclusivity for its drug, Talicia, on top of three years&#39; exclusivity granted for the approval of Talicia.</li>
<li>POET Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/poet#NASDAQ">POET</a>) fell 31.4% to $0.7603 after the company reported pricing of $1.4 million underwritten public offering of common shares and warrants.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) fell 28% to $2.54.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) fell 26.8% to $2.2226.</li>
<li>PROOF Acquisition Corp I (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paci#NASDAQ">PACI</a>) declined 25% to $24.00.</li>
<li>Lizhi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lizi#NASDAQ">LIZI</a>) fell 21.5% to $2.9750 following third-quarter results.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) declined 14.6% to $22.45.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crev#NASDAQ">CREV</a>) fell 14.3% to $33.00.</li>
<li>Pure Storage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>) fell 14.2% to $32.54 after the company reported worse-than-expected third-quarter revenue results and issued FY24 revenue guidance below estimates.</li>
<li>Nvni Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvni#NASDAQ">NVNI</a>) shares fell 12.2% to $2.03 after gaining over 5% on Wednesday.</li>
<li>Arrowhead Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arwr#NASDAQ">ARWR</a>) fell 11.8% to $25.55 following FY23 results.</li>
<li>Weibo Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wb#NASDAQ">WB</a>) declined 11.5% to $10.02 after the company announced a proposed offering of $300 million convertible senior notes and a proposed offering of ADSs in connection with the Delta Placement of Borrowed ADSs.</li>
<li>BRP Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dooo#NASDAQ">DOOO</a>) fell 10.6% to $62.48 following third-quarter results.</li>
<li>Movado Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mov#NYSE">MOV</a>) fell 9.4% to $26.25 following weak sales.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) fell 9.4% to $2.40 after dipping 14% on Wednesday.</li>
<li>Frontline plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>) shares fell 6.7% to $19.77 following downbeat third-quarter earnings.</li>
<li>Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) declined 6.5% to $70.21 following weak results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/36016689/how-to-make-500-a-month-with-pfizer-stock"> How To Make $500 A Month With Pfizer Stock</a>

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Intraday Update

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FTCH

GYRE

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MINM

NTNX

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Why Titan Machinery Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Movado shares are trading lower after the company reported mixed Q3 financial results and cut FY24 EPS and net sales guidance.

Movado Group, Inc. (MOV) Q2 2025 Earnings Call Transcript

50 stocks that may see selling pressure as investors begin looking to book tax losses

Movado: Dividend Under Pressure Unless Increaed Investment Spend Can Spur Growth

Movado Q2: Higher Marketing Spend Shows Little Returns So Far

Warning: MOV is at high risk of performing badly

Consumer stocks buoyed by improving sentiment

Bath & Body Works exiting S&P 500, heading to SmallCap 600

Amid mixed economic projections, investing in high-dividend yield stocks could be ideal for investors, as they offer regular income along with capital appreciation prospects. Hence, fundamentally sound high dividend yield stocks International Seaways (INSW), Buckle (BKE), and Movado Group (MOV) could be ideal buys to boost your portfolio this fall. Read more... During market volatility and economic uncertainties, investors tend to turn to reliable stocks like dividend stocks for stability, passive income, and potential opportunities for long-term gains. Investors can also benefit from the less volatile nature of high-dividend yield stocks.
Against this backdrop, it could be wise to invest in high-dividend yield stocks International Seaways, Inc. (<a href="https://stocknews.com/stock/INSW/">INSW</a>), The Buckle, Inc. (<a href="https://stocknews.com/stock/BKE/">BKE</a>), and Movado Group, Inc. (<a href="https://stocknews.com/stock/MOV/">MOV</a>) to boost your portfolio this fall.
Uncertainties lingering around the US economy have led to mixed outlooks for the upcoming period. Fluctuating inflation levels, tightening Federal Reserve policies to keep the economy in check, and rising unemployment rates have emerged as significant risks amid speculations of recession.
In the short-term, the US economy performed well. U.S. retail sales rose 0.1% in August as decline in auto dealerships were offset by strengthening online purchases, implying <a href="https://www.reuters.com/markets/us/us-retail-sales-unexpectedly-rise-august-2024-09-17/">sound footing during the third quarter</a>. Also, the beginning of the interest rate cuts lifted hopes.
However, the economy is expected to slow into 2025 as restrictive monetary policies and high costs continue to dampen private sector activity. Also, households are likely to spend more cautiously as labor market conditions and income growth weaken, while elevated financing costs may lead businesses to be more selective in hiring and investment. Real GDP growth is projected to <a href="https://www.ey.com/en_us/insights/strategy/macroeconomics/us-economic-outlook">average 2.7% in 2024</a> and ease to 1.8% in 2025.
Considering this trends, let's delve into the fundamentals of the high dividend yield stocks that can provide a steady income stream.
International Seaways, Inc. (<a href="https://stocknews.com/stock/INSW/">INSW</a>)
INSW owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. The company operates through Crude Tankers and Product Carriers segments.
On August 6, INSW's Board of Directors declared a combined dividend of $1.50 per share of common stock, composed of a regular quarterly dividend of $0.12 per share of common stock and a supplemental dividend of $1.38 per share of common stock. Both dividends were paid on September 25, 2024, to shareholders of record on September 11, 2024.
INSW pays an annual dividend of $5.82, which translates to a yield of 11.29% at the current share price. Its four-year average dividend yield is 6.90%. Moreover, the company's dividend payouts have increased at a CAGR of 26% over the past three years.
INSW reported total shipping revenues of $257.41 million for the second quarter that ended June 30, 2024, of which its time and bareboat charter revenues increased 19.2% year-over-year to $31.14 million. The company's adjusted net income came in at $118.01 million and $2.37 per share for the quarter, respectively.
Analysts expect INSW's <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> and EPS for the fourth quarter (ending December 2024) to grow 14.6% and 37.7% year-over-year to $284.11 million and $3, respectively. Also, the company topped the consensus revenue estimates in all of the four trailing quarters, which is promising.
Shares of INSW have surged 1.4% over the past month and 19.2% over the past year to close the last trading session at $51.39.
INSW's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
INSW has a B grade for Quality. It is ranked #33 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
In addition to the POWR Ratings we've stated above, we also have INSW ratings for Growth, Momentum, Value, Sentiment, and Stability. Get all INSW ratings <a href="https://stocknews.com/stock/INSW/">here</a>.
The Buckle, Inc. (<a href="https://stocknews.com/stock/BKE/">BKE</a>)
BKE operates as a retailer of casual apparel, footwear, and accessories for young men and women. It markets a selection of brand-name casual apparel, including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also markets private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, and Daytrip.
On September 10, BKE's Board of Directors authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 11, 2024, with a payment date of October 25, 2024.
BKE pays an annual dividend of $3.90, which translates to a yield of 8.87% at the current share price. Its four-year average dividend yield is 12.01%. Also, the company's dividend payouts have increased at a CAGR of 7% over the past five years.
For the second quarter that ended August 03, 2024, BKE posted sales, net of returns and allowances of $282.39 million, and its gross profit was $132.53 million. The company's net income and EPS stood at $39.25 million and $0.78 for the quarter, respectively.
Also, the company's cash and cash equivalents were $287.27 million as of August 3, 2024, compared to $268.21 million as of February 3, 2024.
Street expects BKE's revenue for the first quarter (ending April 2025) to increase 3.1% year-over-year to $270.56 million, while its EPS is expected to grow 7.3% year-over-year to $0.74, respectively. For the fiscal year (ending January 2026), the company's revenue and EPS are expected to grow 3.2% and 5.6% year-over-year to $1.22 billion and $3.75, respectively.
BKE's stock has gained 6.7% over the past six months and 29.2% over the past year to close the last trading session at $42.98.
BKE's bright prospects are reflected in its POWR Ratings. The stock has an A grade for Quality. BKE is ranked #24 among 59 stocks in the A-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
<a href="https://stocknews.com/stock/BKE/">Click here</a> to access BKE's ratings for Value, Growth, Stability, Momentum, and Sentiment.
Movado Group, Inc. (<a href="https://stocknews.com/stock/MOV/">MOV</a>)
MOV designs, sources, markets, and distributes watches internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores.
On September 5, MOV's Board of Directors approved a cash dividend of $0.35 for each share of its outstanding common stock and class A common stock. The dividend was paid on September 30, 2024, to shareholders of record as of the close of business on September 16, 2024.
MOV pays an annual dividend of $1.40, which translates to a yield of 7.53% at the current share price. Its four-year average dividend yield is 4.39%. Moreover, the company's dividend payouts have increased at a CAGR of 26% over the past three years.
For the second quarter ended July 31, 2024, MOV's net sales amounted to $159.31 million. The company's gross profit was $86.36 million, and its operating income stood at $3.03 million for the quarter. Net income attributable to MOV came in at $3.72 million and $0.16 per share, respectively.
For the fiscal year 2025, the company expects net sales to range from $665 million to $675 million. Its operating income is expected to be between $23 million to $26 million.
Street expects MOV's revenue for the first quarter (ending April 2025) to increase 5% year-over-year to $143.50 million, and its EPS is expected to grow 238.5% year-over-year to $0.44 for the same period. Further, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past month, MOV's stock has plunged 17.9% to close the last trading session at $19.35.
MOV's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Sentiment and Value. Within the A-rated Fashion &amp; Luxury industry, MOV is ranked #26 out of 59 stocks.
<a href="https://stocknews.com/stock/MOV/">Click here</a> to access additional ratings of MOV for Quality, Momentum, Growth, and Stability.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
INSW shares were unchanged in after-hours trading Wednesday. Year-to-date, INSW has gained 23.10%, versus a 20.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/insw-bke-mov-3-high-dividend-yield-stocks-to-boost-your-portfolio-this/>3 High Dividend Yield Stocks to Boost Your Portfolio This Fall</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High Dividend Yield Stocks to Boost Your Portfolio This Fall

Is stability and minimized risk your preferred investing profile? Then these stocks should be considered.

3 Stocks That Offer Long-Term Passive Income Potential In October 2024

As the luxury fashion market evolves with trends like sustainability, DTC models, and collaborations with fast fashion, companies embracing innovation are poised for growth. Therefore, investors may want to explore stocks like Canada Goose (GOOS), Movado (MOV), and Brilliant Earth (BRLT), which are currently trading at discounted valuations. Keep reading... As consumer preferences shift towards high-quality yet affordable options, a new wave of luxury brands is gaining traction in the market. Amidst this shift in dynamics, we present top luxury stocks Canada Goose Holdings Inc. (<a href="https://stocknews.com/stock/GOOS/">GOOS</a>), Movado Group, Inc. (<a href="https://stocknews.com/stock/MOV/">MOV</a>), and Brilliant Earth Group, Inc. (<a href="https://stocknews.com/stock/BRLT/">BRLT</a>) are emerging as attractive investment opportunities. These stocks currently seem quite undervalued, indicating potential.
As the luxury fashion market continues to evolve, emerging trends such as sustainability, direct-to-consumer (DTC) business models, and collaborations with fast fashion retailers are reshaping the industry. Companies that embrace personalization and innovative approaches to meet consumer demands are gaining significant market share.
The global luxury fashion market is projected to reach <a href="https://www.statista.com/outlook/cmo/luxury-goods/luxury-fashion/worldwide">$145.40 billion</a> in revenue this year, and is projected to grow at a CAGR of 3.2% from 2024 to 2029. The United States remains the largest market, generating $35 billion in 2024. Additionally, the increasing focus on personalized experiences and sustainability initiatives further enhances the appeal of the sector.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> stocks in detail.
Stock #3: Canada Goose Holdings Inc. (<a href="https://stocknews.com/stock/GOOS/">GOOS</a>)
GOOS, headquartered in Toronto, Canada, is a performance luxury apparel brand offering parkas, jackets, rainwear, footwear, and accessories for men, women, youth, and children.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, GOOS is currently trading at 13.17x, 24% lower than the industry average of 17.32x. Its forward EV/EBIT multiple of 12.78 is 18% below the 15.59x industry average.
On November 19, GOOS announced that the Toronto Stock Exchange (TSX) approved the renewal of its normal course issuer bid (NCIB). This allows the company to repurchase up to 4,556,841 subordinate voting shares, representing 10% of its public float, between November 22, 2024, and November 21, 2025.
During the fiscal second quarter that ended September 29, 2024, GOOS's revenue stood at CAD267.80 million ($191.74 million). Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> reached CAD1.60 million ($1.15 million). In addition, the company's adjusted net income and adjusted net income per diluted share attributable to shareholders of the company came in at CAD4 million ($2.86 million) and CAD0.05, respectively.
Analysts expect GOOS's EPS for the quarter ended September 30, 2024, to increase 5.5% year-over-year to $1.08. Its revenue for the same quarter is likely to be $441.51 million. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters, which is impressive.
Over the past year, the stock has declined 10.6% to close the last trading session at $9.50.
GOOS's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
GOOS has a B grade in Value and Quality. It is ranked #34 out of 61 stocks in the B-rated  <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
Beyond what we have stated above, we also have given GOOS grades for Growth, Momentum, Stability, and Sentiment. Get all the GOOS's ratings <a href="https://stocknews.com/stock/GOOS/">here</a>.
Stock #2: Movado Group, Inc. (<a href="https://stocknews.com/stock/MOV/">MOV</a>)
MOV designs and markets watches under brands like Movado and licensed names such as Coach and Tommy Hilfiger. It serves jewelry stores, department stores, and online marketplaces while also offering jewelry and direct e-commerce sales.
In terms of forward EV/Sales, MOV is currently trading at 0.49x, 62.4% lower than the industry average of 1.29x. Its forward Price/Sales multiple of 0.64 is 33.7% below the 0.95x industry average.
On September 4, MOV announced its global campaign, "When I Move You Move," featuring a star-studded lineup of brand ambassadors. The campaign highlights dynamic energy and connection, reinforcing Movado's legacy in a vibrant and engaging way.
It pays an annual dividend of $1.40, which translates to a dividend yield of 7.5% at the prevailing price levels.
In the fiscal second quarter ended July 31, 2024, MOV's net sales was $159.31 million. It reported a operating income of $3.03 million. Moreover, its net income and net income per share attributable to Movado Group, Inc. stood at $3.86 million and $0.16, respectively.
Street expects MOV's revenue for the quarter ending October 31, 2024, to increase marginally year-over-year to $187.70 million. Its EPS for the same quarter is likely to be $0.32. It surpassed the consensus EPS estimates in all of the trailing four quarters.
The stock plunged to 1.3% in the past month to close the last trading session at $19.07.
MOV's POWR Ratings reflect strong prospects.
It has a B grade for Value and Sentiment. It is ranked #33 out of 61 stocks in the same industry.
To access MOV's Growth, Stability, Momentum, and Quality ratings, click <a href="https://stocknews.com/stock/MOV/">here</a>.
Stock #1: Brilliant Earth Group, Inc. (<a href="https://stocknews.com/stock/BRLT/">BRLT</a>)
BRLT designs and sells diamonds, gemstones, and fine jewelry, including engagement and wedding rings. It serves customers globally through its e-commerce platform and showrooms, offering an omnichannel shopping experience.
In terms of forward EV/Sales, BRLT is currently trading at 0.15x, 99.8% lower than the industry average of 1.29x. Its forward EV/EBIT multiple of 8.11 is 48% below the 15.59x industry average.
On September 6, BRLT announced the expansion of its international shopping capabilities to better serve customers worldwide. The brand's growing global presence, emphasizing its commitment to delivering a seamless digital shopping experience and ethically sourced fine jewelry.
BRLT posted net sales of $99.87 million in the third quarter that ended on September 30, 2024. Its adjusted net income was $1.49 million, and its EPS came in at $0.02.
Street expects BRLT's revenue for the fiscal year (ending December 2024) to be $418.36 million. Its EPS for the same period is expected to be $0.06. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters.
Shares of BRLT have dipped 1.8% over the past month to close the last trading session at $1.65.
BRLT's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Value and a B grade for Sentiment and Quality. Within the same industry, it is ranked #9.
Click <a href="https://stocknews.com/stock/BRLT/">here</a> to see BRLT's ratings for Growth, Value, Momentum, and Stability.
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GOOS shares were unchanged in premarket trading Friday. Year-to-date, GOOS has declined -19.83%, versus a 26.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/goos-mov-brlt-3-affordable-luxury-stocks-gaining-market-share/>3 Affordable Luxury Stocks Gaining Market Share</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Affordable Luxury Stocks Gaining Market Share

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BIIB

BRLT

BYON

CALX

CHWY

DVAX

ENOV

ETSY

GOOS

GTLS

ICHR

INOD

INSW

MOVAA

MRTN

NEOG

NVEE

PENN

PLAB

PRGO

PTEN

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Press Releases

Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2024 Results

Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

MVMT, a Movado Group, Inc. Brand, Ramps Up Partnership with World Champion Motocross Racer Jett Lawrence

Movado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2025 Results

Movado Group, Inc. Announces First Quarter Fiscal 2025 Results

Movado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal Year 2025 Results

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