Movado Group (NYSE:MOV) Stock Rating Lowered by StockNews.com

Movado Group (NYSE:MOV) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

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

Movado Group Stock Up 0.1 %

Shares of NYSE:MOV opened at $18.32 on Tuesday. Movado Group has a 12-month low of $17.86 and a 12-month high of $28.26. The stock has a market cap of $405.70 million, a PE ratio of 17.62 and a beta of 0.96. The business has a 50 day moving average of $19.51 and a 200-day moving average of $19.90.

Institutional Investors Weigh In On Movado Group

Several institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Movado Group in the fourth quarter valued at approximately $403,000. Public Employees Retirement System of Ohio boosted its stake in shares of Movado Group by 194.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,437 shares of the company’s stock valued at $619,000 after buying an additional 20,744 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Movado Group by 71.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,277 shares of the company’s stock valued at $556,000 after buying an additional 11,783 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Movado Group by 24.0% in the fourth quarter. Two Sigma Advisers LP now owns 12,400 shares of the company’s stock valued at $244,000 after buying an additional 2,400 shares during the period. Finally, Man Group plc raised its position in Movado Group by 69.7% during the fourth quarter. Man Group plc now owns 33,398 shares of the company’s stock valued at $657,000 after purchasing an additional 13,721 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

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.