2 weeks Ago By Defense World Staff
Geode Capital Management LLC reduced its holdings in shares of Movado Group, Inc. ( NYSE:MOV – Free Report ) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 353,298 shares of the company’s stock after selling 1,854 shares during the quarter. Geode Capital Management LLC owned 1.60% of Movado Group worth $6,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of MOV. Barclays PLC grew its stake in shares of Movado Group by 368.7% in the third quarter.
Barclays PLC now owns 26,664 shares of the company’s stock worth $496,000 after acquiring an additional 20,975 shares during the period. Virtu Financial LLC bought a new stake in Movado Group in the 3rd quarter worth approximately $364,000. Confluence Investment Management LLC raised its stake in Movado Group by 60.
6% during the 4th quarter. Confluence Investment Management LLC now owns 176,057 shares of the company’s stock valued at $3,465,000 after buying an additional 66,422 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Movado Group by 3.
0% during the 4th quarter. Exchange Traded Concepts LLC now owns 68,091 shares of the company’s stock valued at $1,340,000 after buying an additional 1,994 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Movado Group by 5.
1% in the 4th quarter. Empowered Funds LLC now owns 102,680 shares of the company’s stock worth $2,021,000 after buying an additional 4,958 shares during the last quarter. 72.
08% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several brokerages have issued reports on MOV. BWS Financial reissued a “buy” rating and issued a $31.
50 target price on shares of Movado Group in a research report on Monday. StockNews.com raised shares of Movado Group from a “hold” rating to a “buy” rating in a report on Tuesday.
Movado Group Price Performance MOV opened at $14.05 on Friday. The company has a 50 day simple moving average of $16.
75 and a two-hundred day simple moving average of $18.59. The firm has a market cap of $311.
11 million, a P/E ratio of 13.51 and a beta of 0.92.
Movado Group, Inc. has a 1-year low of $12.85 and a 1-year high of $27.
80. Movado Group ( NYSE:MOV – Get Free Report ) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.
51 EPS for the quarter, beating the consensus estimate of $0.39 by $0.12.
Movado Group had a return on equity of 5.38% and a net margin of 3.62%.
The business had revenue of $181.48 million for the quarter, compared to the consensus estimate of $180.62 million.
Equities analysts anticipate that Movado Group, Inc. will post 1.05 earnings per share for the current year.
Movado Group Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.35 per share.
This represents a $1.40 annualized dividend and a dividend yield of 9.96%.
The ex-dividend date is Tuesday, April 22nd. Movado Group’s dividend payout ratio (DPR) is presently 160.92%.
About Movado Group ( Free Report ) Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.
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