Movado Group, Inc. (NYSE:MOV) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,706 shares of the company's stock after selling 27,054 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.89% of Movado Group worth $3,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Movado Group in the 2nd quarter valued at $25,000. nVerses Capital LLC purchased a new position in shares of Movado Group in the 3rd quarter valued at $45,000. SG Americas Securities LLC purchased a new position in shares of Movado Group in the 2nd quarter valued at $122,000. Banque Cantonale Vaudoise increased its holdings in shares of Movado Group by 117.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 5,581 shares of the company's stock valued at $139,000 after acquiring an additional 3,011 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Movado Group in the 3rd quarter valued at $187,000. 72.08% of the stock is currently owned by hedge funds and other institutional investors.

Movado Group Stock Down 0.4 %

Shares of Movado Group stock traded down $0.08 during trading on Friday, reaching $20.89. The company's stock had a trading volume of 139,931 shares, compared to its average volume of 200,608. The company has a market cap of $464.22 million, a price-to-earnings ratio of 20.09 and a beta of 1.04. Movado Group, Inc. has a 1-year low of $17.86 and a 1-year high of $31.44. The company has a 50-day simple moving average of $19.58 and a two-hundred day simple moving average of $22.10.

Movado Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.35 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.70%. Movado Group's payout ratio is 134.62%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a report on Friday, September 6th.

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.