BWS Financial initiated coverage on shares of Movado Group (NYSE:MOV – Free Report) in a report published on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $31.50 target price on the stock.
Separately, StockNews.com cut shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.
Check Out Our Latest Stock Report on Movado Group
Movado Group Price Performance
Movado Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 7.02%. Movado Group’s dividend payout ratio (DPR) is presently 134.62%.
Hedge Funds Weigh In On Movado Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOV. Royce & Associates LP grew its position in shares of Movado Group by 1.6% in the third quarter. Royce & Associates LP now owns 1,456,809 shares of the company’s stock valued at $27,097,000 after purchasing an additional 22,414 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Movado Group by 3.9% in the 2nd quarter. Pacer Advisors Inc. now owns 1,014,073 shares of the company’s stock valued at $25,210,000 after buying an additional 38,038 shares during the last quarter. Geode Capital Management LLC increased its position in Movado Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 355,152 shares of the company’s stock worth $6,607,000 after buying an additional 5,990 shares during the period. American Century Companies Inc. lifted its holdings in shares of Movado Group by 14.8% during the second quarter. American Century Companies Inc. now owns 335,533 shares of the company’s stock worth $8,341,000 after buying an additional 43,316 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Movado Group by 347.0% in the third quarter. Jane Street Group LLC now owns 305,112 shares of the company’s stock valued at $5,675,000 after acquiring an additional 236,847 shares during the period. Institutional investors and hedge funds own 72.08% of the company’s stock.
About Movado Group
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.
Further Reading
- Five stocks we like better than Movado Group
- The Role Economic Reports Play in a Successful Investment Strategy
- Quantum Opportunity: Skywater Technology’s Long-Term Potential
- The Basics of Support and Resistance
- Nebius Group: The Rising Star in AI Infrastructure
- How to Plot Fibonacci Price Inflection Levels
- MarketBeat Week in Review – 12/30 – 1/03
Receive News & Ratings for Movado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Movado Group and related companies with MarketBeat.com's FREE daily email newsletter.