Movado Group, Inc. (NYSE:MOV) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Movado Group, Inc. (NYSE:MOV) by 167.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,145 shares of the company’s stock after purchasing an additional 8,226 shares during the period. SG Americas Securities LLC’s holdings in Movado Group were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in Movado Group in the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC increased its stake in shares of Movado Group by 1,246.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,906 shares of the company’s stock worth $109,000 after acquiring an additional 3,616 shares during the period. Banque Cantonale Vaudoise grew its position in Movado Group by 117.2% during the second quarter. Banque Cantonale Vaudoise now owns 5,581 shares of the company’s stock worth $139,000 after buying an additional 3,011 shares during the period. EntryPoint Capital LLC increased its position in shares of Movado Group by 54.1% in the first quarter. EntryPoint Capital LLC now owns 5,293 shares of the company’s stock valued at $148,000 after buying an additional 1,859 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Movado Group during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Movado Group from a “buy” rating to a “hold” rating in a report on Friday, September 6th.

Movado Group Stock Performance

Shares of NYSE:MOV opened at $19.32 on Tuesday. The business’s 50-day simple moving average is $20.82 and its 200 day simple moving average is $23.98. Movado Group, Inc. has a one year low of $17.86 and a one year high of $31.44. The company has a market cap of $429.10 million, a P/E ratio of 10.79 and a beta of 0.99.

Movado Group (NYSE:MOV) last issued its earnings results on Thursday, September 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $159.31 million during the quarter. Movado Group had a net margin of 5.45% and a return on equity of 7.23%. During the same quarter in the previous year, the business posted $0.38 EPS. Analysts predict that Movado Group, Inc. will post 0.95 earnings per share for the current year.

Movado Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date was Monday, September 16th. Movado Group’s payout ratio is 78.21%.

Movado Group Company Profile

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.