Movado Group, Inc. Announces Record Fourth Quarter and Fiscal Year 2022 Results

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Movado Group Inc. (MOV) PT Lowered to $43 at Cowen

March 25, 2022 8:19 AM EDT

Cowen analyst Oliver Chen lowered the price target on Movado Group Inc. (NYSE: MOV) to $43.00 (from $48.00) while maintaining a Market Perform rating.

The analyst commented, "4Q Results Impress & Raised Outlook for FY23. MOV reported 4Q adj. EPS of 1.32 ahead of Cowen s 0.80 on... More

Movado Group (MOV) Tops Q4 EPS by 52c

March 24, 2022 6:47 AM EDT

Movado Group (NYSE: MOV) reported Q4 EPS of $1.32, $0.52 better than the analyst estimate of $0.80. Revenue for the quarter came in at $206 million versus the consensus estimate of $191 million.

GUIDANCE:

Movado Group sees FY2023 revenue of $780-800 million, versus the consensus... More