40,836 Shares in Movado Group, Inc. (NYSE:MOV) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Movado Group, Inc. (NYSE:MOV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of Movado Group by 347.0% during the 3rd quarter. Jane Street Group LLC now owns 305,112 shares of the company's stock worth $5,675,000 after buying an additional 236,847 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of Movado Group by 60.6% during the fourth quarter. Confluence Investment Management LLC now owns 176,057 shares of the company's stock valued at $3,465,000 after acquiring an additional 66,422 shares during the period. VELA Investment Management LLC raised its holdings in Movado Group by 121.1% during the fourth quarter. VELA Investment Management LLC now owns 113,574 shares of the company's stock worth $2,235,000 after purchasing an additional 62,214 shares in the last quarter. Walleye Capital LLC acquired a new stake in Movado Group in the third quarter worth approximately $521,000. Finally, Bank of New York Mellon Corp lifted its position in Movado Group by 11.5% in the fourth quarter. Bank of New York Mellon Corp now owns 219,502 shares of the company's stock worth $4,320,000 after purchasing an additional 22,578 shares during the period. 72.08% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

MOV has been the topic of several research analyst reports. BWS Financial assumed coverage on Movado Group in a research report on Thursday, January 2nd. They set a "buy" rating and a $31.50 price target on the stock. StockNews.com lowered Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Movado Group Trading Down 3.0 %

MOV stock traded down $0.54 on Tuesday, hitting $17.71. 149,972 shares of the company's stock traded hands, compared to its average volume of 185,548. The stock has a market cap of $392.15 million, a price-to-earnings ratio of 17.03 and a beta of 0.96. Movado Group, Inc. has a 1-year low of $17.24 and a 1-year high of $28.26. The stock has a fifty day moving average of $19.03 and a 200-day moving average of $19.33.

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.