The Teachers Advisors LLC Buys 3,477 Shares of Movado Group, Inc (MOV)

The Teachers Advisors LLC Buys 3,477 Shares of Movado Group, Inc (MOV)

A number of other hedge funds also recently added to or reduced their stakes in MOV. Norges Bank bought a new stake in Movado Group during the fourth quarter valued at $3,209,000. Numeric Investors LLC bought a new stake in Movado Group during the fourth quarter valued at $1,662,000. Thrivent Financial for Lutherans bought a new stake in Movado Group during the fourth quarter valued at $237,000. Guggenheim Capital LLC raised its stake in Movado Group by 64.6% in the fourth quarter. Guggenheim Capital LLC now owns 43,282 shares of the company’s stock valued at $1,245,000 after buying an additional 16,987 shares during the last quarter. Finally, AlphaOne Investment Services LLC raised its stake in Movado Group by 13.4% in the fourth quarter. AlphaOne Investment Services LLC now owns 144,697 shares of the company’s stock valued at $4,161,000 after buying an additional 17,100 shares during the last quarter. Institutional investors own 63.35% of the company’s stock.

Teachers Advisors LLC increased its stake in shares of Movado Group, Inc (NYSE:MOV) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,936 shares of the company’s stock after buying an additional 3,477 shares during the period. Teachers Advisors LLC owned approximately 0.15% of Movado Group worth $1,004,000 as of its most recent filing with the SEC.

Movado Group, Inc (NYSE MOV) opened at 22.15 on Monday. The firm has a 50-day moving average price of $22.96 and a 200 day moving average price of $25.51. The company has a market cap of $509.01 million, a P/E ratio of 18.54 and a beta of 0.47. Movado Group, Inc has a 12 month low of $19.14 and a 12 month high of $31.95.

Movado Group (NYSE:MOV) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.09. Movado Group had a return on equity of 8.97% and a net margin of 6.67%. The company had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $100.23 million. During the same quarter in the previous year, the business posted $0.19 EPS. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. Equities research analysts predict that Movado Group, Inc will post $1.37 EPS for the current year. The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. Movado Group’s dividend payout ratio is currently 32.10%.

Several research firms recently weighed in on MOV. Cowen and Company decreased their price target on Movado Group from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Monday, March 20th. TheStreet lowered Movado Group from a “b-” rating to a “c+” rating in a report on Friday, March 10th. Zacks Investment Research upgraded Movado Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Finally, ValuEngine lowered Movado Group from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.00. Movado Group Company Profile

Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MOV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment