Movado Group, Inc. (NYSE:MOV) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in Movado Group, Inc. (NYSE:MOV - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,578 shares of the company's stock after purchasing an additional 93,388 shares during the period. D. E. Shaw & Co. Inc. owned about 1.16% of Movado Group worth $5,069,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MOV. KLP Kapitalforvaltning AS purchased a new stake in shares of Movado Group during the fourth quarter worth $47,000. Aigen Investment Management LP purchased a new stake in shares of Movado Group during the fourth quarter worth $201,000. Wells Fargo & Company MN lifted its position in shares of Movado Group by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,372 shares of the company's stock worth $283,000 after acquiring an additional 2,234 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Movado Group during the fourth quarter worth $284,000. Finally, Inceptionr LLC purchased a new stake in shares of Movado Group in the fourth quarter worth about $460,000. Hedge funds and other institutional investors own 72.08% of the company's stock.

Movado Group Trading Up 0.4%

MOV traded up $0.07 during trading hours on Tuesday, hitting $17.12. The company's stock had a trading volume of 146,985 shares, compared to its average volume of 206,387. The stock has a market cap of $380.70 million, a price-to-earnings ratio of 16.46 and a beta of 1.17. The business's 50-day moving average price is $15.46 and its 200-day moving average price is $18.16. Movado Group, Inc. has a 12 month low of $12.85 and a 12 month high of $27.75.

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

Movado Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 8.18%. Movado Group's dividend payout ratio (DPR) is currently 160.92%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MOV. BWS Financial reiterated a "buy" rating and issued a $31.50 price objective on shares of Movado Group in a research report on Monday, April 21st. StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

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.