Nisa Investment Advisors LLC lifted its position in Movado Group, Inc. (NYSE:MOV – Free Report) by 6.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,760 shares of the company’s stock after acquiring an additional 900 shares during the period. Nisa Investment Advisors LLC’s holdings in Movado Group were worth $475,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Movado Group by 0.9% in the 4th quarter. Legal & General Group Plc now owns 38,356 shares of the company’s stock worth $1,237,000 after acquiring an additional 349 shares during the last quarter. Credit Suisse AG increased its stake in Movado Group by 1.5% in the 2nd quarter. Credit Suisse AG now owns 27,368 shares of the company’s stock worth $734,000 after buying an additional 406 shares during the period. US Bancorp DE increased its stake in Movado Group by 5.9% in the 1st quarter. US Bancorp DE now owns 8,157 shares of the company’s stock worth $318,000 after buying an additional 453 shares during the period. Captrust Financial Advisors increased its stake in Movado Group by 89.5% in the 1st quarter. Captrust Financial Advisors now owns 1,082 shares of the company’s stock worth $42,000 after buying an additional 511 shares during the period. Finally, SG Americas Securities LLC increased its stake in Movado Group by 6.1% in the 4th quarter. SG Americas Securities LLC now owns 9,469 shares of the company’s stock worth $285,000 after buying an additional 544 shares during the period. Institutional investors own 72.08% of the company’s stock.
Movado Group Price Performance
MOV stock opened at $24.74 on Thursday. The company has a market capitalization of $547.42 million, a PE ratio of 12.01 and a beta of 1.13. Movado Group, Inc. has a 12 month low of $23.94 and a 12 month high of $31.44. The firm’s 50-day moving average is $27.49 and its 200 day moving average is $28.22.
Movado Group Announces Dividend
Wall Street Analysts Forecast Growth
Separately, Benchmark reaffirmed a “buy” rating and issued a $41.00 price target on shares of Movado Group in a research note on Wednesday, March 27th.
Get Our Latest Stock Report on Movado Group
Movado Group 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.
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