2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in Movado Group, Inc. ( NYSE:MOV – Free Report ) by 36.
6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,413 shares of the company’s stock after purchasing an additional 27,719 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Movado Group were worth $2,035,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also modified their holdings of the company. Confluence Investment Management LLC raised its holdings in Movado Group by 60.
6% in the fourth 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 period. VELA Investment Management LLC raised its stake in shares of Movado Group by 121.
1% in the 4th quarter. VELA Investment Management LLC now owns 113,574 shares of the company’s stock valued at $2,235,000 after acquiring an additional 62,214 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Movado Group during the 4th quarter valued at $804,000.
AlphaQuest LLC boosted its position in Movado Group by 6,913.9% during the 4th quarter. AlphaQuest LLC now owns 39,909 shares of the company’s stock worth $785,000 after purchasing an additional 39,340 shares during the period.
Finally, Teacher Retirement System of Texas increased its holdings in Movado Group by 43.6% in the 4th quarter. Teacher Retirement System of Texas now owns 112,169 shares of the company’s stock valued at $2,207,000 after purchasing an additional 34,070 shares in the last quarter.
72.08% of the stock is owned by institutional investors and hedge funds. Movado Group Price Performance NYSE:MOV opened at $14.
05 on Friday. The firm has a 50-day moving average of $16.75 and a two-hundred day moving average of $18.
59. The stock 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 Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Tuesday, April 22nd will be paid a $0.35 dividend.
The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.
96%. Movado Group’s dividend payout ratio (DPR) is presently 160.92%.
Analysts Set New Price Targets MOV has been the subject of several analyst reports. StockNews.com raised Movado Group from a “hold” rating to a “buy” rating in a research report on Tuesday.
BWS Financial restated a “buy” rating and issued a $31.50 price target on shares of Movado Group in a report on Monday. Check Out Our Latest Report on Movado Group Movado Group Profile ( 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. Read More Want to see what other hedge funds are holding MOV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Movado Group, Inc. ( NYSE:MOV – Free Report ). Receive News & Ratings for Movado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Movado Group and related companies with MarketBeat.
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