Landscape Capital Management L.L.C. Has $1.23 Million Stock Holdings in Movado Group, Inc. (NYSE:MOV)

Landscape Capital Management L.L.C. lifted its position in Movado Group, Inc. (NYSE:MOV - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,551 shares of the company's stock after buying an additional 20,174 shares during the period. Landscape Capital Management L.L.C. owned about 0.28% of Movado Group worth $1,231,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Movado Group in the fourth quarter worth about $47,000. Point72 DIFC Ltd acquired a new position in shares of Movado Group during the third quarter worth about $78,000. FMR LLC boosted its position in Movado Group by 393.0% during the 3rd quarter. FMR LLC now owns 7,400 shares of the company's stock worth $138,000 after acquiring an additional 5,899 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Movado Group during the 3rd quarter worth approximately $200,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Movado Group in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 72.08% of the company's stock.

Movado Group Trading Down 2.1 %

Shares of NYSE:MOV traded down $0.29 on Friday, reaching $13.52. 483,022 shares of the company's stock were exchanged, compared to its average volume of 195,542. Movado Group, Inc. has a twelve month low of $12.85 and a twelve month high of $27.80. The company has a fifty day moving average of $17.84 and a 200-day moving average of $18.94. The company has a market capitalization of $299.28 million, a price-to-earnings ratio of 13.00 and a beta of 0.92.

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Analysts Set New Price Targets

A number of research firms recently issued reports on MOV. StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. BWS Financial started 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.

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.