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

Movado Group, Inc. (NYSE:MOV) is among the 7 Best Jewellery Stocks to Buy Now.

On January 7, 2026, Northland began covering Movado Group, Inc. (NYSE:MOV) with an Outperform rating and a $30 price target, as reported by TheFly. According to the firm, the corporation has been impacted by tariff-related noise and sees this as a potential entry point. Northland claimed a recession-tested company structure and an experienced management team determined to return capital to shareholders.

Separately, net sales surged by 3.1% year over year to $186.1 million in the most recent quarter. The gross margin grew to 54.3%. Operating income climbed to $11.7 million from $6.0 million the previous year, with adjusted operating income of $12.6 million. Adjusted EPS hit $0.45, while diluted EPS soared to $0.42. The business had $183.9 million in cash and no debt at the end of the quarter. A $0.35 quarterly dividend per share was announced by the board.

Movado Group, Inc. (NYSE:MOV) grew by 9.42% YTD as of January 13, 2026.

Movado Group, Inc. (NYSE:MOV) creates, produces, sources, markets, and sells watches in the US as well as internationally.

While we acknowledge the potential of MOV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.