Northland Initiates Coverage of Movado Group, Inc. (MOV)

Core Viewpoint - Movado Group, Inc. is recognized as one of the best jewellery stocks to buy, with a positive outlook from analysts and strong financial performance indicators [1][2]. Financial Performance - Net sales increased by 3.1% year over year, reaching $186.1 million in the most recent quarter [3]. - The gross margin improved to 54.3%, indicating better profitability [3]. - Operating income rose significantly to $11.7 million from $6.0 million the previous year, with adjusted operating income at $12.6 million [3]. - Adjusted EPS was reported at $0.45, while diluted EPS increased to $0.42 [3]. - The company ended the quarter with $183.9 million in cash and no debt, showcasing a strong balance sheet [3]. - A quarterly dividend of $0.35 per share was announced by the board [3]. Market Position and Analyst Coverage - Northland initiated coverage of Movado Group with an Outperform rating and a price target of $30, citing the company's resilience and experienced management [2]. - The company has shown a year-to-date growth of 9.42% as of January 13, 2026 [4]. Business Overview - Movado Group, Inc. is involved in the creation, production, sourcing, marketing, and sale of watches both in the US and internationally [5].