Jane Street Group LLC Boosts Stock Position in Movado Group, Inc. (NYSE:MOV)

Jane Street Group LLC boosted its stake in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 347.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,112 shares of the company's stock after buying an additional 236,847 shares during the period. Jane Street Group LLC owned 1.37% of Movado Group worth $5,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MOV. Pacer Advisors Inc. lifted its stake in shares of Movado Group by 3.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,014,073 shares of the company's stock worth $25,210,000 after purchasing an additional 38,038 shares during the last quarter. VELA Investment Management LLC bought a new position in Movado Group in the third quarter worth about $955,000. Walleye Capital LLC purchased a new stake in shares of Movado Group during the third quarter valued at about $521,000. American Century Companies Inc. boosted its holdings in shares of Movado Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 335,533 shares of the company's stock valued at $8,341,000 after buying an additional 43,316 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Movado Group by 57.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,303 shares of the company's stock worth $248,000 after buying an additional 4,828 shares during the last quarter. Institutional investors own 72.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

Movado Group Stock Performance

MOV stock traded down $0.31 on Monday, hitting $20.22. 143,102 shares of the company's stock were exchanged, compared to its average volume of 200,370. The firm has a 50 day moving average price of $19.60 and a two-hundred day moving average price of $22.06. Movado Group, Inc. has a 12-month low of $17.86 and a 12-month high of $31.44. The stock has a market cap of $449.33 million, a P/E ratio of 19.44 and a beta of 1.04.

Movado Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.92%. Movado Group's payout ratio is 134.62%.

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.