Movado Group, Inc. (NYSE:MOV) Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,373 shares of the company's stock after selling 33,333 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Movado Group worth $3,215,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in Movado Group in the 3rd quarter valued at $78,000. FMR LLC boosted its position in shares of Movado Group by 393.0% in the third quarter. FMR LLC now owns 7,400 shares of the company's stock worth $138,000 after buying an additional 5,899 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Movado Group in the third quarter valued at about $200,000. Quantbot Technologies LP purchased a new stake in shares of Movado Group during the 3rd quarter valued at about $244,000. Finally, ClearAlpha Technologies LP acquired a new position in Movado Group during the 3rd quarter worth approximately $257,000. Institutional investors and hedge funds own 72.08% of the company's stock.

Wall Street Analyst Weigh In

MOV has been the subject of several recent research reports. BWS Financial initiated coverage on shares of Movado Group in a research report on Thursday, January 2nd. They issued a "buy" rating and a $31.50 price objective for the company. StockNews.com lowered shares of Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

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Movado Group Price Performance

MOV traded down $0.46 on Monday, reaching $16.77. The company's stock had a trading volume of 207,190 shares, compared to its average volume of 189,467. Movado Group, Inc. has a 1 year low of $16.56 and a 1 year high of $28.26. The business's 50 day moving average is $18.89 and its 200 day moving average is $19.30. The stock has a market cap of $371.25 million, a price-to-earnings ratio of 16.12 and a beta of 0.96.

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.