American Century Companies Inc. Acquires 22,112 Shares of Movado Group, Inc. (NYSE:MOV)

American Century Companies Inc. lifted its holdings in shares of Movado Group, Inc. (NYSE:MOVFree Report) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,988 shares of the company’s stock after buying an additional 22,112 shares during the period. American Century Companies Inc.’s holdings in Movado Group were worth $6,071,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. 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 position in shares of Movado Group during the first quarter valued at approximately $201,000. MetLife Investment Management LLC lifted its position in Movado Group by 47.6% during 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 holdings in Movado Group by 13.2% in 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 purchasing an additional 1,644 shares during the last quarter. Finally, LSV Asset Management grew its position in Movado Group by 233.5% in the 1st 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 during the period. 72.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on MOV

Movado Group Stock Up 0.8 %

NYSE MOV opened at $26.72 on Wednesday. The company has a 50-day moving average price of $27.88 and a 200-day moving average price of $28.19. Movado Group, Inc. has a 52 week low of $23.94 and a 52 week high of $31.44. The firm has a market capitalization of $589.98 million, a P/E ratio of 10.56 and a beta of 1.13.

Movado Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. Movado Group’s dividend payout ratio is currently 55.34%.

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.

See Also

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

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