Barclays PLC Boosts Holdings in Movado Group, Inc. (NYSE:MOV)

Barclays PLC lifted its position in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 368.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,664 shares of the company's stock after buying an additional 20,975 shares during the quarter. Barclays PLC owned approximately 0.12% of Movado Group worth $496,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Royce & Associates LP raised its position in shares of Movado Group by 1.6% during the third quarter. Royce & Associates LP now owns 1,456,809 shares of the company's stock valued at $27,097,000 after buying an additional 22,414 shares during the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 38,038 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 5,990 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Movado Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 335,533 shares of the company's stock valued at $8,341,000 after purchasing an additional 43,316 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Movado Group by 347.0% during the third quarter. Jane Street Group LLC now owns 305,112 shares of the company's stock valued at $5,675,000 after purchasing an additional 236,847 shares in the last quarter. Hedge funds and other institutional investors own 72.08% of the company's stock.

Movado Group Trading Up 1.6 %

MOV traded up $0.30 during trading hours on Friday, hitting $19.14. The company's stock had a trading volume of 101,640 shares, compared to its average volume of 115,899. The stock has a market cap of $423.74 million, a price-to-earnings ratio of 18.40 and a beta of 1.03. The business's 50-day moving average price is $19.86 and its 200-day moving average price is $21.10. Movado Group, Inc. has a 12 month low of $17.86 and a 12 month high of $29.45.

Movado Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.31%. Movado Group's dividend payout ratio (DPR) is presently 134.62%.

Wall Street Analyst Weigh In

Separately, BWS Financial assumed coverage on Movado Group in a research report on Thursday, January 2nd. They issued a "buy" rating and a $31.50 target price on the stock.

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.