Boston Partners Takes Position in Movado Group, Inc. (NYSE:MOV)

Boston Partners bought a new position in shares of Movado Group, Inc. (NYSE:MOVFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 81,475 shares of the company’s stock, valued at approximately $2,228,000. Boston Partners owned about 0.37% of Movado Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MOV. US Bancorp DE lifted its stake in Movado Group by 5.9% during the 1st quarter. US Bancorp DE now owns 8,157 shares of the company’s stock valued at $318,000 after acquiring an additional 453 shares during the period. Bank of Montreal Can purchased a new stake in shares of Movado Group in the first quarter valued at about $201,000. MetLife Investment Management LLC grew its holdings in shares of Movado Group by 47.6% in the first quarter. MetLife Investment Management LLC now owns 9,762 shares of the company’s stock valued at $381,000 after purchasing an additional 3,146 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Movado Group by 13.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,119 shares of the company’s stock worth $551,000 after buying an additional 1,644 shares during the period. Finally, LSV Asset Management lifted its position in shares of Movado Group by 233.5% during the first quarter. LSV Asset Management now owns 94,244 shares of the company’s stock worth $3,680,000 after purchasing an additional 65,983 shares in the last quarter. Hedge funds and other institutional investors own 63.63% of the company’s stock.

Movado Group Stock Down 0.1 %

Shares of NYSE:MOV opened at $27.60 on Wednesday. The firm’s 50 day moving average price is $28.76 and its 200 day moving average price is $28.14. The stock has a market cap of $609.41 million, a price-to-earnings ratio of 10.91 and a beta of 1.15. Movado Group, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $36.21.

Movado Group (NYSE:MOVGet Free Report) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $187.69 million during the quarter. Movado Group had a net margin of 8.34% and a return on equity of 11.76%. During the same quarter in the prior year, the company earned $1.31 EPS. On average, equities analysts anticipate that Movado Group, Inc. will post 1.93 EPS for the current year.

Movado Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Tuesday, December 12th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.07%. The ex-dividend date was Monday, December 11th. Movado Group’s payout ratio is 55.34%.

Insider Activity at Movado Group

In other Movado Group news, CFO Sallie A. Demarsilis sold 31,630 shares of Movado Group stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $30.62, for a total value of $968,510.60. Following the completion of the sale, the chief financial officer now owns 66,600 shares in the company, valued at approximately $2,039,292. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $41.00 price target on shares of Movado Group in a research report on Friday, December 1st.

Read Our Latest Stock Analysis on Movado Group

Movado Group Profile

(Free Report)

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, and Calvin Klein.

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

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