Universal Beteiligungs und Servicegesellschaft mbH Takes $403,000 Position in Movado Group, Inc. (NYSE:MOV)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Movado Group, Inc. (NYSE:MOV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,500 shares of the company's stock, valued at approximately $403,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Movado Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Movado Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 102,680 shares of the company's stock valued at $2,021,000 after acquiring an additional 4,958 shares during the period. Bank of New York Mellon Corp grew its holdings in Movado Group by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 219,502 shares of the company's stock valued at $4,320,000 after purchasing an additional 22,578 shares during the period. Proficio Capital Partners LLC purchased a new stake in Movado Group in the fourth quarter worth about $804,000. VELA Investment Management LLC increased its position in Movado Group by 121.1% in the fourth quarter. VELA Investment Management LLC now owns 113,574 shares of the company's stock worth $2,235,000 after buying an additional 62,214 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Movado Group by 131.7% in the fourth quarter. Victory Capital Management Inc. now owns 37,835 shares of the company's stock worth $745,000 after buying an additional 21,505 shares during the period. 72.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MOV. BWS Financial reiterated a "buy" rating and set a $31.50 price objective on shares of Movado Group in a research note on Monday. Wall Street Zen lowered shares of Movado Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th.

Movado Group Stock Performance

Shares of Movado Group stock traded down $0.50 during trading hours on Thursday, hitting $15.51. The company's stock had a trading volume of 199,241 shares, compared to its average volume of 210,537. The business has a 50 day moving average price of $15.19 and a two-hundred day moving average price of $17.95. The company has a market cap of $344.78 million, a PE ratio of 14.91 and a beta of 1.21. Movado Group, Inc. has a 12-month low of $12.85 and a 12-month high of $26.59.

Movado Group (NYSE:MOV - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.31). Movado Group had a net margin of 3.62% and a return on equity of 5.38%. The company had revenue of $131.77 million for the quarter, compared to analysts' expectations of $142.11 million. As a group, research analysts anticipate that Movado Group, Inc. will post 1.05 earnings per share for the current year.

Movado Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 9.03%. The ex-dividend date is Thursday, June 12th. Movado Group's payout ratio is currently 175.00%.

About Movado Group

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.