12,793 Shares in Movado Group, Inc. (NYSE:MOV) Acquired by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC acquired a new stake in Movado Group, Inc. (NYSE:MOVFree Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,793 shares of the company’s stock, valued at approximately $357,000. Prosperity Consulting Group LLC owned approximately 0.06% of Movado Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MOV. North Star Investment Management Corp. grew its stake in shares of Movado Group by 4.2% in the first quarter. North Star Investment Management Corp. now owns 74,775 shares of the company’s stock valued at $2,088,000 after acquiring an additional 3,000 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Movado Group by 1,246.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,906 shares of the company’s stock valued at $109,000 after buying an additional 3,616 shares during the period. Denali Advisors LLC grew its position in Movado Group by 195.7% during the first quarter. Denali Advisors LLC now owns 96,400 shares of the company’s stock worth $2,692,000 after buying an additional 63,800 shares in the last quarter. Confluence Investment Management LLC bought a new position in Movado Group during the 1st quarter worth $3,265,000. Finally, Quadrant Capital Group LLC raised its holdings in Movado Group by 112.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the company’s stock valued at $32,000 after acquiring an additional 561 shares in the last quarter. Institutional investors own 72.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $41.00 price target on shares of Movado Group in a research report on Friday, May 31st.

Check Out Our Latest Research Report on MOV

Movado Group Trading Down 1.9 %

Shares of NYSE:MOV opened at $24.26 on Friday. The firm has a 50 day moving average of $25.92 and a 200-day moving average of $27.22. Movado Group, Inc. has a 12 month low of $23.92 and a 12 month high of $31.44. The stock has a market capitalization of $538.81 million, a PE ratio of 13.55 and a beta of 1.04.

Movado Group (NYSE:MOVGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported $0.13 earnings per share (EPS) for the quarter. Movado Group had a net margin of 6.09% and a return on equity of 8.18%. The business had revenue of $136.67 million for the quarter. On average, research 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 was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.77%. Movado Group’s dividend payout ratio (DPR) is currently 78.21%.

Movado Group 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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