Fintel reports that on January 2, 2025, BWS Financial initiated coverage of Movado Group (NYSE:MOV) with a Buy recommendation.
Analyst Price Forecast Suggests 97.96% Upside
As of December 23, 2024, the average one-year price target for Movado Group is $38.76/share. The forecasts range from a low of $38.38 to a high of $39.90. The average price target represents an increase of 97.96% from its latest reported closing price of $19.58 / share.
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The projected annual revenue for Movado Group is 841MM, an increase of 27.76%. The projected annual non-GAAP EPS is 5.36.
What is the Fund Sentiment?
There are 411 funds or institutions reporting positions in Movado Group. This is an increase of 9 owner(s) or 2.24% in the last quarter. Average portfolio weight of all funds dedicated to MOV is 0.07%, an increase of 12.02%. Total shares owned by institutions increased in the last three months by 6.42% to 20,925K shares. 
The put/call ratio of MOV is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
Royce & Associates holds 1,457K shares representing 9.29% ownership of the company. In its prior filing, the firm reported owning 1,434K shares , representing an increase of 1.54%. The firm decreased its portfolio allocation in MOV by 26.11% over the last quarter.
RYSEX - Royce Special Equity Fund Investment Class holds 1,060K shares representing 6.76% ownership of the company. In its prior filing, the firm reported owning 1,019K shares , representing an increase of 3.87%. The firm decreased its portfolio allocation in MOV by 22.61% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,042K shares representing 6.64% ownership of the company. In its prior filing, the firm reported owning 1,012K shares , representing an increase of 2.88%. The firm decreased its portfolio allocation in MOV by 30.86% over the last quarter.
CALF - Pacer US Small Cap Cash Cows 100 ETF holds 1,005K shares representing 6.41% ownership of the company. In its prior filing, the firm reported owning 1,010K shares , representing a decrease of 0.49%. The firm decreased its portfolio allocation in MOV by 4.48% over the last quarter.
Citadel Advisors holds 489K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 114K shares , representing an increase of 76.64%. The firm increased its portfolio allocation in MOV by 205.25% over the last quarter.
Movado Group Background Information
(This description is provided by the company.)
Movado Group, Inc. designs, sources and distributes MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, LACOSTE® and SCUDERIA FERRARI® watches worldwide and operates Movado company stores in the United States and Canada.
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