Movado Group, Inc. (NYSE:MOV) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lowered its position in Movado Group, Inc. (NYSE:MOV) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,897 shares of the company’s stock after selling 857 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Movado Group were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MOV. AQR Capital Management LLC lifted its holdings in shares of Movado Group by 1.4% in the 2nd quarter. AQR Capital Management LLC now owns 93,643 shares of the company’s stock valued at $2,328,000 after buying an additional 1,255 shares during the period. Victory Capital Management Inc. raised its position in Movado Group by 8.7% in the third quarter. Victory Capital Management Inc. now owns 16,330 shares of the company’s stock worth $304,000 after acquiring an additional 1,301 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Movado Group by 6.0% in the second quarter. Public Sector Pension Investment Board now owns 34,448 shares of the company’s stock valued at $856,000 after acquiring an additional 1,941 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Movado Group by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 68,091 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,994 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Movado Group during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial started coverage on shares of Movado Group in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.50 target price for the company.

Movado Group Stock Down 0.2 %

Shares of MOV stock opened at $19.46 on Friday. Movado Group, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $29.45. The business has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $20.92. The stock has a market cap of $430.93 million, a P/E ratio of 18.72 and a beta of 1.03.

Movado Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date was Monday, December 16th. Movado Group’s payout ratio is currently 134.62%.

Movado Group Company 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.