Linden Thomas Advisory Services LLC Decreases Stock Position in Movado Group, Inc. (NYSE:MOV)

Linden Thomas Advisory Services LLC reduced its position in Movado Group, Inc. (NYSE:MOV) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,488 shares of the company’s stock after selling 538 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.21% of Movado Group worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Movado Group by 6.1% in the fourth quarter. SG Americas Securities LLC now owns 9,469 shares of the company’s stock worth $285,000 after acquiring an additional 544 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Movado Group by 6.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 15,760 shares of the company’s stock worth $475,000 after acquiring an additional 900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Movado Group by 50.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,535 shares of the company’s stock worth $137,000 after acquiring an additional 1,529 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Movado Group by 6.7% in the third quarter. Teacher Retirement System of Texas now owns 27,748 shares of the company’s stock worth $759,000 after acquiring an additional 1,745 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in shares of Movado Group by 5.7% in the fourth quarter. North Star Investment Management Corp. now owns 71,775 shares of the company’s stock worth $2,164,000 after acquiring an additional 3,850 shares during the period. 72.08% of the stock is owned by hedge funds and other institutional investors.

Movado Group Price Performance

MOV stock traded up $0.06 during mid-day trading on Wednesday, hitting $26.57. 41,728 shares of the stock were exchanged, compared to its average volume of 190,923. The business has a fifty day moving average price of $27.28 and a 200 day moving average price of $28.15. Movado Group, Inc. has a 12 month low of $23.94 and a 12 month high of $31.44. The stock has a market capitalization of $587.99 million, a price-to-earnings ratio of 12.87 and a beta of 1.13.

Movado Group (NYSE:MOV) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.55 EPS for the quarter. Movado Group had a return on equity of 9.56% and a net margin of 6.94%. The firm had revenue of $179.62 million for the quarter. As a group, equities analysts forecast that Movado Group, Inc. will post 1.25 EPS for the current fiscal year.

Movado Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.27%. Movado Group’s dividend payout ratio (DPR) is 67.96%.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $41.00 price objective on shares of Movado Group in a research note on Wednesday, March 27th.

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.