7,700 Shares in Movado Group, Inc. (NYSE:MOV) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Movado Group, Inc. (NYSE:MOVGet Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,700 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Movado Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,219,892 shares of the company’s stock worth $47,638,000 after buying an additional 7,313 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Movado Group by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,150,332 shares of the company’s stock valued at $44,922,000 after purchasing an additional 33,119 shares during the last quarter. Royce & Associates LP grew its stake in Movado Group by 7.9% during the 2nd quarter. Royce & Associates LP now owns 1,132,622 shares of the company’s stock valued at $35,032,000 after purchasing an additional 82,994 shares during the last quarter. State Street Corp grew its stake in Movado Group by 2.8% during the 2nd quarter. State Street Corp now owns 515,406 shares of the company’s stock valued at $15,942,000 after purchasing an additional 14,028 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Movado Group by 1.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 210,530 shares of the company’s stock valued at $8,221,000 after purchasing an additional 2,434 shares during the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Movado Group in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity

In other news, Director Ann Kirschner sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the director now owns 8,897 shares of the company’s stock, valued at approximately $301,430.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 27.76% of the company’s stock.

Movado Group Stock Performance

Movado Group stock opened at $35.70 on Friday. The business’s 50-day simple moving average is $32.41 and its two-hundred day simple moving average is $32.40. The company has a market cap of $800.18 million, a PE ratio of 8.02 and a beta of 1.14. Movado Group, Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $41.75.

Movado Group (NYSE:MOVGet Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $1.31 earnings per share (EPS) for the quarter. The business had revenue of $211.40 million during the quarter. Movado Group had a return on equity of 22.14% and a net margin of 13.51%. As a group, analysts predict that Movado Group, Inc. will post 4.01 EPS for the current fiscal year.

Movado Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 3.92%. Movado Group’s dividend payout ratio (DPR) is presently 31.46%.

Movado Group Profile

(Get Rating)

Movado Group, Inc designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari.

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Institutional Ownership by Quarter for Movado Group (NYSE:MOV)

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