Charles Schwab Investment Management Inc. Has $7.17 Million Stock Position in Movado Group, Inc. (NYSE:MOV)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Movado Group, Inc. (NYSE:MOVFree Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,906 shares of the company’s stock after buying an additional 11,876 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Movado Group worth $7,173,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MOV. Pacer Advisors Inc. lifted its holdings in shares of Movado Group by 62.6% during the fourth quarter. Pacer Advisors Inc. now owns 610,588 shares of the company’s stock valued at $18,409,000 after acquiring an additional 235,039 shares during the period. Boston Partners acquired a new position in shares of Movado Group during the 3rd quarter worth about $2,228,000. Assenagon Asset Management S.A. increased its stake in Movado Group by 49.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 157,963 shares of the company’s stock worth $4,763,000 after purchasing an additional 51,995 shares in the last quarter. Denali Advisors LLC increased its stake in Movado Group by 715.0% during the 4th quarter. Denali Advisors LLC now owns 32,600 shares of the company’s stock worth $983,000 after purchasing an additional 28,600 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Movado Group by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 221,988 shares of the company’s stock worth $6,071,000 after purchasing an additional 22,112 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

Movado Group Trading Up 0.8 %

NYSE MOV opened at $26.50 on Friday. The company has a market cap of $586.45 million, a PE ratio of 14.80 and a beta of 1.14. Movado Group, Inc. has a 12 month low of $23.94 and a 12 month high of $31.44. The stock has a 50 day moving average of $26.56 and a 200-day moving average of $27.79.

Movado Group (NYSE:MOVGet Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.55 earnings per share (EPS) for the quarter. Movado Group had a return on equity of 8.18% and a net margin of 6.09%. The business had revenue of $179.62 million during the quarter. As a group, sell-side analysts predict that Movado Group, Inc. will post 1.25 EPS for the current fiscal year.

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Wednesday, June 12th. Movado Group’s dividend payout ratio is 78.21%.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $41.00 price target on shares of Movado Group in a research note on Friday.

View Our Latest Analysis on MOV

Movado Group Company Profile

(Free Report)

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.

See Also

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

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