Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 20,500 Movado Group, Inc. (NYSE:MOV)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Movado Group, Inc. (NYSE:MOV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,500 shares of the company's stock, valued at approximately $403,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Movado Group at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MOV. KLP Kapitalforvaltning AS acquired a new stake in shares of Movado Group in the fourth quarter valued at $47,000. Aigen Investment Management LP acquired a new position in shares of Movado Group during the 4th quarter worth about $201,000. Two Sigma Advisers LP grew its position in shares of Movado Group by 24.0% during the 4th quarter. Two Sigma Advisers LP now owns 12,400 shares of the company's stock worth $244,000 after buying an additional 2,400 shares during the period. Wells Fargo & Company MN grew its position in shares of Movado Group by 18.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,372 shares of the company's stock worth $283,000 after buying an additional 2,234 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Movado Group in the 4th quarter valued at approximately $284,000. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Movado Group Stock Performance

MOV traded up $0.16 during trading hours on Friday, reaching $15.62. The company's stock had a trading volume of 186,718 shares, compared to its average volume of 211,376. Movado Group, Inc. has a 52 week low of $12.85 and a 52 week high of $26.59. The company's 50-day moving average is $15.15 and its 200-day moving average is $17.90. The firm has a market cap of $347.34 million, a PE ratio of 15.02 and a beta of 1.21.

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

Movado Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend is Thursday, June 12th. Movado Group's dividend payout ratio (DPR) is currently 175.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MOV. Wall Street Zen lowered Movado Group from a "hold" rating to a "sell" rating in a research report on Friday. BWS Financial reiterated a "buy" rating and issued a $31.50 price objective on shares of Movado Group in a research report on Monday, June 2nd.

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.