Teton Advisors Inc. Increases Position in Movado Group, Inc. (NYSE:MOV)

Teton Advisors Inc. boosted its position in Movado Group, Inc. (NYSE:MOV - Free Report) by 68.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,100 shares of the company's stock after buying an additional 20,000 shares during the quarter. Teton Advisors Inc. owned approximately 0.22% of Movado Group worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted 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 purchasing an additional 5,899 shares during the last quarter. Jane Street Group LLC increased its position in shares of Movado Group by 347.0% in the third quarter. Jane Street Group LLC now owns 305,112 shares of the company's stock valued at $5,675,000 after acquiring an additional 236,847 shares during the period. XTX Topco Ltd increased its position in shares of Movado Group by 135.6% in the third quarter. XTX Topco Ltd now owns 20,462 shares of the company's stock valued at $381,000 after acquiring an additional 11,776 shares during the period. Barclays PLC raised its stake in shares of Movado Group by 368.7% during the third quarter. Barclays PLC now owns 26,664 shares of the company's stock valued at $496,000 after acquiring an additional 20,975 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Movado Group by 1.7% during the third 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 during the period. 72.08% of the stock is currently owned by institutional investors.

Movado Group Stock Down 2.3 %

Shares of NYSE MOV traded down $0.32 during trading on Friday, reaching $13.32. 483,352 shares of the company traded hands, compared to its average volume of 198,892. Movado Group, Inc. has a 52-week low of $12.85 and a 52-week high of $27.80. The firm has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $18.75. The stock has a market capitalization of $294.83 million, a PE ratio of 12.80 and a beta of 0.92.

Movado Group (NYSE:MOV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. Movado Group had a return on equity of 5.38% and a net margin of 3.62%. The business had revenue of $181.48 million during the quarter, compared to the consensus estimate of $180.62 million. As a group, research analysts predict that Movado Group, Inc. will post 1.05 EPS for the current year.

Movado Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 10.51%. Movado Group's dividend payout ratio (DPR) is presently 160.92%.

Analysts Set New Price Targets

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

Movado Group Company 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.