Proficio Capital Partners LLC acquired a new stake in shares of Movado Group, Inc. (NYSE:MOV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,836 shares of the company's stock, valued at approximately $804,000. Proficio Capital Partners LLC owned approximately 0.18% of Movado Group as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Movado Group in the third quarter valued at approximately $78,000. FMR LLC boosted its position in Movado Group by 393.0% in the third quarter. FMR LLC now owns 7,400 shares of the company's stock valued at $138,000 after buying an additional 5,899 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Movado Group in the third quarter valued at approximately $200,000. Quantbot Technologies LP purchased a new stake in Movado Group in the third quarter valued at approximately $244,000. Finally, Crossmark Global Holdings Inc. boosted its position in Movado Group by 57.0% in the third quarter. Crossmark Global Holdings Inc. now owns 13,303 shares of the company's stock valued at $248,000 after buying an additional 4,828 shares during the last quarter. Institutional investors and hedge funds own 72.08% of the company's stock.
Movado Group Trading Up 0.5 %
Movado Group stock traded up $0.09 during mid-day trading on Tuesday, hitting $18.02. The company had a trading volume of 182,364 shares, compared to its average volume of 199,679. Movado Group, Inc. has a 12-month low of $17.81 and a 12-month high of $28.26. The company's fifty day moving average is $19.34 and its 200-day moving average is $19.68. The company has a market capitalization of $399.02 million, a price-to-earnings ratio of 17.33 and a beta of 0.96.
Wall Street Analysts Forecast Growth
MOV has been the topic of a number of recent research reports. StockNews.com lowered Movado Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. 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.
View Our Latest Stock Analysis on Movado Group
Movado Group Company Profile
(
Free Report)
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.
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