Deutsche Bank AG boosted its holdings in shares of Movado Group Inc. (NYSE:MOV – Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,226 shares of the company’s stock after buying an additional 726 shares during the period. Deutsche Bank AG owned approximately 0.41% of Movado Group worth $1,542,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of Movado Group by 174.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 307,790 shares of the company’s stock worth $6,057,000 after purchasing an additional 195,465 shares during the last quarter. Numerai GP LLC bought a new position in shares of Movado Group in the 4th quarter worth $3,186,000. Royce & Associates LP raised its position in shares of Movado Group by 10.3% during the 1st quarter. Royce & Associates LP now owns 1,628,031 shares of the company’s stock valued at $27,221,000 after buying an additional 152,677 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Movado Group by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 257,578 shares of the company’s stock worth $5,069,000 after acquiring an additional 93,388 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Movado Group by 19.3% in the fourth quarter. Ameriprise Financial Inc. now owns 549,455 shares of the company’s stock worth $10,813,000 after acquiring an additional 88,778 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.
Movado Group Stock Performance
Shares of MOV stock opened at $17.3170 on Friday. The company has a market capitalization of $385.08 million, a P/E ratio of 21.65 and a beta of 1.24. Movado Group Inc. has a fifty-two week low of $12.85 and a fifty-two week high of $24.98. The stock has a 50 day moving average price of $16.02 and a two-hundred day moving average price of $16.45.
Movado Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.35 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.40 annualized dividend and a yield of 8.1%. Movado Group’s payout ratio is 175.00%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. BWS Financial reiterated a “buy” rating and issued a $31.50 price objective on shares of Movado Group in a report on Monday, June 2nd. Wall Street Zen raised Movado Group from a “sell” rating to a “hold” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $31.50.
Read Our Latest Research 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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