Recent News
September 12, 2025 — Lifestyle title reported Movado’s second installment of its “Always In Motion” / Icons campaign, featuring Jessica Alba, Julianne Moore, Ludacris, Christian McCaffrey and Tyrese Haliburton and showcasing new collections across cinematic creative assets. The campaign emphasizes heritage design and expanded promotional activity by the Movado brand.
Technical Analysis
ADX / DI+ / DI-: ADX at 30.57 signals a strong underlying trend. DI+ shows a dip-and-reversal (bullish), while DI- sits at 18.66 and is increasing (bearish); those opposing directional signals indicate trend strength amid a tug-of-war between buyers and sellers, which can compress near-term directional conviction.
MACD: MACD reads 0.41 and the MACD line sits below its signal at 0.53 with a decreasing MACD_trend, a combination that denotes bearish momentum and a lack of follow-through from short-term momentum gains.
MRO: MRO at 6.11 (positive) indicates the current price sits above model target levels and therefore carries a tendency to mean-revert downward from present levels; the MRO_trend decreasing reinforces that downside bias is growing.
RSI: RSI at 61.43 with a dip-and-reversal pattern presents renewed buying interest after a pullback, reflecting short-term bullish pressure that contrasts with weakening MACD momentum.
Price vs Moving Averages and Bands: Closing price $19.25 stands above the 50-day average ($17.64) and the 200-day average ($16.66), while the 12-day EMA shows a dip-and-reversal and the 20-day average ($19.26) sits essentially level with price. Price rests inside the Bollinger band range, nearer the upper band, and below the super-trend upper at $19.89, implying limited immediate upside before encountering technical resistance.
Fundamental Analysis
Revenue & Margins: Total revenue $161,829,000 and YoY revenue growth of 37.69% reflect meaningful top-line expansion. Gross margin at 54.11% remains robust. EBIT stands at $5,209,000 and EBIT margin equals 3.22%; that EBIT margin sits below the industry peer mean of 10.275% and below the industry peer median of 7.91%, though it falls within the industry peer range (low -6.48% to high 20.743%). EBIT margin improved QoQ by 106.74% and improved YoY by 4.51%.
Earnings, Cash Flow, and Coverage: Reported EPS $0.13 missed the estimate of $0.31, an EPS surprise of -58.07%. Operating income $4.01M (adjusted operating income $7.0M per company release) accompanies negative operating cash flow of -$3.802M and free cash flow of -$5.122M, yielding a free cash flow yield of -1.41%. Cash on hand $180,493,000 supports liquidity, and the current ratio of 3.93 and quick ratio of 2.32 indicate ample short-term coverage. Dividend metrics show a dividend yield of 4.28% with dividend coverage of 19.19% and a dividend payout ratio equal to 521.00%, which signals the distribution exceeds typical coverage and relies on balance-sheet resources.
Working Capital And Inventory: Cash conversion cycle runs long at 302.20 days with days inventory outstanding roughly 303 days; inventory at $211,504,000 and net receivables $94,397,000 tie up significant capital and constrain free cash conversion despite strong cash balances.
Leverage & Valuation Indicators: Total debt $87,779,000 keeps debt-to-assets low at 11.72% and debt-to-equity at 17.92%, while interest coverage at 47.35x shows comfortable interest-servicing capacity. Trailing P/E sits at 124.09 while forward P/E equals 25.26; enterprise multiple measures 35.65. WMDST values the stock as over-valued given the combination of an elevated trailing P/E, negative free cash flow yield, and the earnings shortfall versus estimates.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-07-31 |
| REPORT DATE: | 2025-08-28 |
| NEXT REPORT DATE: | 2025-12-03 |
| CASH FLOW | Begin Period Cash Flow | $ 203.9 M |
| Operating Cash Flow | $ -3.80 M | |
| Capital Expenditures | $ -1.32 M | |
| Change In Working Capital | $ -14.37 M | |
| Dividends Paid | $ -15.56 M | |
| Cash Flow Delta | $ -22.58 M | |
| End Period Cash Flow | $ 181.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 161.8 M | |
| Forward Revenue | $ 190.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 74.3 M | |
| Depreciation | $ 2.4 M | |
| Depreciation and Amortization | $ 2.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 157.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 87.6 M | |
| EBITDA | $ 7.6 M | |
| EBIT | $ 5.2 M | |
| Operating Income | $ 4.0 M | |
| Interest Income | — | |
| Interest Expense | $ 110.0 K | |
| Net Interest Income | $ -110.00 K | |
| Income Before Tax | $ 5.1 M | |
| Tax Provision | $ 2.0 M | |
| Tax Rate | 38.459 % | |
| Net Income | $ 3.0 M | |
| Net Income From Continuing Operations | $ 3.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.31 | |
| EPS Actual | $ 0.13 | |
| EPS Difference | $ -0.18 | |
| EPS Surprise | -58.065 % | |
| Forward EPS | $ 0.64 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 748.7 M | |
| Intangible Assets | $ 4.9 M | |
| Net Tangible Assets | $ 485.0 M | |
| Total Current Assets | $ 516.2 M | |
| Cash and Short-Term Investments | $ 180.5 M | |
| Cash | $ 180.5 M | |
| Net Receivables | $ 94.4 M | |
| Inventory | $ 211.5 M | |
| Long-Term Investments | $ 88.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 35.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 131.4 M | |
| Net Debt | — | |
| Total Debt | $ 87.8 M | |
| Total Liabilities | $ 256.5 M | |
| EQUITY | ||
| Total Equity | $ 489.9 M | |
| Retained Earnings | $ 435.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.03 | |
| Shares Outstanding | 22.137 M | |
| Revenue Per-Share | $ 7.28 | |
| VALUATION | Market Capitalization | $ 363.1 M |
| Enterprise Value | $ 270.4 M | |
| Enterprise Multiple | 35.649 | |
| Enterprise Multiple QoQ | -38.206 % | |
| Enterprise Multiple YoY | -30.32 % | |
| Enterprise Multiple IPRWA | high: 58.929 median: 43.293 mean: 42.98 MOV: 35.649 low: 11.343 |
|
| EV/R | 1.671 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.528 | |
| Asset To Liability | 2.919 | |
| Debt To Capital | 0.152 | |
| Debt To Assets | 0.117 | |
| Debt To Assets QoQ | -5.069 % | |
| Debt To Assets YoY | 142.482 % | |
| Debt To Assets IPRWA | high: 0.56 median: 0.296 mean: 0.286 MOV: 0.117 low: 0.11 |
|
| Debt To Equity | 0.179 | |
| Debt To Equity QoQ | -4.233 % | |
| Debt To Equity YoY | 146.079 % | |
| Debt To Equity IPRWA | high: 3.295 median: 0.821 mean: 0.752 MOV: 0.179 low: 0.173 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.741 | |
| Price To Book QoQ | 1.369 % | |
| Price To Book YoY | -29.49 % | |
| Price To Book IPRWA | high: 7.923 median: 7.923 mean: 7.284 MOV: 0.741 low: 0.402 |
|
| Price To Earnings (P/E) | 124.091 | |
| Price To Earnings QoQ | -38.792 % | |
| Price To Earnings YoY | -16.753 % | |
| Price To Earnings IPRWA | high: 147.441 median: 147.441 mean: 128.451 MOV: 124.091 low: -107.031 |
|
| PE/G Ratio | 1.064 | |
| Price To Sales (P/S) | 2.244 | |
| Price To Sales QoQ | -18.015 % | |
| Price To Sales YoY | -32.542 % | |
| Price To Sales IPRWA | high: 10.792 mean: 9.107 median: 9.104 MOV: 2.244 low: 0.27 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 25.258 | |
| Forward PE/G | 0.216 | |
| Forward P/S | 1.898 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 6.749 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.216 | |
| Asset Turnover Ratio QoQ | 21.21 % | |
| Asset Turnover Ratio YoY | 2.574 % | |
| Asset Turnover Ratio IPRWA | high: 0.338 median: 0.317 mean: 0.317 MOV: 0.216 low: 0.194 |
|
| Receivables Turnover | 1.782 | |
| Receivables Turnover Ratio QoQ | 22.127 % | |
| Receivables Turnover Ratio YoY | 18.273 % | |
| Receivables Turnover Ratio IPRWA | high: 4.489 median: 2.422 mean: 2.421 MOV: 1.782 low: 1.283 |
|
| Inventory Turnover | 0.371 | |
| Inventory Turnover Ratio QoQ | 6.12 % | |
| Inventory Turnover Ratio YoY | -14.652 % | |
| Inventory Turnover Ratio IPRWA | high: 0.869 median: 0.869 mean: 0.808 MOV: 0.371 low: 0.361 |
|
| Days Sales Outstanding (DSO) | 51.214 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 302.197 | |
| Cash Conversion Cycle Days QoQ | 38.653 % | |
| Cash Conversion Cycle Days YoY | 16.587 % | |
| Cash Conversion Cycle Days IPRWA | MOV: 302.197 high: 152.662 mean: 102.517 low: 95.172 median: 95.172 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.421 | |
| CapEx To Revenue | -0.008 | |
| CapEx To Depreciation | -0.555 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 489.9 M | |
| Net Invested Capital | $ 489.9 M | |
| Invested Capital | $ 489.9 M | |
| Net Tangible Assets | $ 485.0 M | |
| Net Working Capital | $ 384.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.373 | |
| Current Ratio | 3.928 | |
| Current Ratio QoQ | -3.497 % | |
| Current Ratio YoY | -10.841 % | |
| Current Ratio IPRWA | MOV: 3.928 high: 2.433 median: 2.19 mean: 2.176 low: 1.083 |
|
| Quick Ratio | 2.318 | |
| Quick Ratio QoQ | -9.521 % | |
| Quick Ratio YoY | -20.662 % | |
| Quick Ratio IPRWA | MOV: 2.318 high: 1.447 median: 1.447 mean: 1.36 low: 0.4 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.571 | |
| Cost Of Debt | 0.075 % | |
| Interest Coverage Ratio | 47.355 | |
| Interest Coverage Ratio QoQ | 156.283 % | |
| Interest Coverage Ratio YoY | 6.154 % | |
| Interest Coverage Ratio IPRWA | MOV: 47.355 high: 35.358 mean: -12.568 low: -13.836 median: -13.836 |
|
| Operating Cash Flow Ratio | -0.165 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 51.68 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.192 | |
| Dividend Payout Ratio | 5.21 | |
| Dividend Rate | $ 0.70 | |
| Dividend Yield | 0.043 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.206 % | |
| Revenue Growth | 22.813 % | |
| Revenue Growth QoQ | -192.883 % | |
| Revenue Growth YoY | 37.693 % | |
| Revenue Growth IPRWA | high: 37.183 % MOV: 22.813 % mean: 5.973 % median: 5.614 % low: 5.082 % |
|
| Earnings Growth | 116.667 % | |
| Earnings Growth QoQ | -250.0 % | |
| Earnings Growth YoY | 405.555 % | |
| Earnings Growth IPRWA | high: 250.0 % median: 250.0 % mean: 194.303 % MOV: 116.667 % low: -202.703 % |
|
| MARGINS | ||
| Gross Margin | 54.11 % | |
| Gross Margin QoQ | -0.07 % | |
| Gross Margin YoY | -0.186 % | |
| Gross Margin IPRWA | high: 58.498 % MOV: 54.11 % mean: 45.759 % median: 42.176 % low: 40.842 % |
|
| EBIT Margin | 3.219 % | |
| EBIT Margin QoQ | 106.744 % | |
| EBIT Margin YoY | 4.513 % | |
| EBIT Margin IPRWA | high: 20.743 % mean: 10.275 % median: 7.91 % MOV: 3.219 % low: -6.481 % |
|
| Return On Sales (ROS) | 2.476 % | |
| Return On Sales QoQ | 59.024 % | |
| Return On Sales YoY | -19.61 % | |
| Return On Sales IPRWA | high: 20.743 % mean: 10.258 % median: 7.91 % MOV: 2.476 % low: -6.481 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -5.12 M | |
| Free Cash Flow Yield | -1.41 % | |
| Free Cash Flow Yield QoQ | -41.951 % | |
| Free Cash Flow Yield YoY | -62.934 % | |
| Free Cash Flow Yield IPRWA | high: 10.581 % mean: 0.354 % median: 0.014 % MOV: -1.41 % low: -10.264 % |
|
| Free Cash Growth | -41.536 % | |
| Free Cash Growth QoQ | -66.33 % | |
| Free Cash Growth YoY | -2095.963 % | |
| Free Cash Growth IPRWA | high: -24.469 % MOV: -41.536 % median: -95.868 % mean: -112.656 % low: -285.423 % |
|
| Free Cash To Net Income | -1.715 | |
| Cash Flow Margin | -13.426 % | |
| Cash Flow To Earnings | -7.276 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.399 % | |
| Return On Assets QoQ | 107.812 % | |
| Return On Assets YoY | -19.067 % | |
| Return On Assets IPRWA | high: 5.279 % mean: 2.524 % median: 1.967 % MOV: 0.399 % low: -1.749 % |
|
| Return On Capital Employed (ROCE) | 0.844 % | |
| Return On Equity (ROE) | 0.006 | |
| Return On Equity QoQ | -727.835 % | |
| Return On Equity YoY | -17.48 % | |
| Return On Equity IPRWA | high: 0.085 mean: 0.059 median: 0.054 MOV: 0.006 low: -0.033 |
|
| DuPont ROE | 0.607 % | |
| Return On Invested Capital (ROIC) | 0.654 % | |
| Return On Invested Capital QoQ | 138.686 % | |
| Return On Invested Capital YoY | -126.748 % | |
| Return On Invested Capital IPRWA | high: 15.734 % mean: 4.268 % median: 3.405 % MOV: 0.654 % low: -3.04 % |
|