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

On January 7, 2026, Northland began covering Movado Group, Inc. (NYSE:MOV) with an Outperform standing and a $30 terms target, arsenic reported by TheFly. According to the firm, the corp has been impacted by tariff-related sound and sees this arsenic a imaginable introduction point. Northland claimed a recession-tested institution operation and an experienced absorption squad determined to instrumentality superior to shareholders.

Separately, nett income surged by 3.1% twelvemonth implicit twelvemonth to $186.1 cardinal successful the astir caller quarter. The gross borderline grew to 54.3%. Operating income climbed to $11.7 cardinal from $6.0 cardinal the erstwhile year, with adjusted operating income of $12.6 million. Adjusted EPS deed $0.45, portion diluted EPS soared to $0.42. The concern had $183.9 cardinal successful currency and nary indebtedness astatine the extremity of the quarter. A $0.35 quarterly dividend per stock was announced by the board.

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

Movado Group, Inc. (NYSE:MOV) creates, produces, sources, markets, and sells watches successful the US arsenic good arsenic internationally.

While we admit the imaginable of MOV arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.