BWS Financial initiated coverage of Movado (MOV) with a Buy rating and $31.50 price target Movado invested in brand ambassadors in 2024, resulting in lower earnings and deletion from the S&P 600, notes the analyst, who believes this pullback presents an opportunity given that the investment was not supposed to last for more than a year. Movado has more than $10 a share in cash and a commitment to preserving the cash dividend of $1.40 per share, the analyst added.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOV:
- Movado Group Reports Third Quarter Fiscal 2025 Results
- Movado reports Q3 EPS 22c vs. 77c last year; Q3 adjusted EPS 37c
- Movado sees FY25 EPS 90c vs. prior view 90c-$1.00
- Movado announces $50M share buyback program
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
