Movado Group, Inc. (NYSE:MOV) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 839.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,500 shares of the company's stock after acquiring an additional 81,764 shares during the period. Deutsche Bank AG owned about 0.41% of Movado Group worth $1,801,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in Movado Group by 202.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 478,342 shares of the company's stock valued at $9,414,000 after purchasing an additional 320,103 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Movado Group by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 257,578 shares of the company's stock valued at $5,069,000 after buying an additional 93,388 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Movado Group by 19.3% during the 4th quarter. Ameriprise Financial Inc. now owns 549,455 shares of the company's stock worth $10,813,000 after buying an additional 88,778 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Movado Group by 43.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 218,433 shares of the company's stock worth $4,299,000 after buying an additional 66,511 shares in the last quarter. Finally, VELA Investment Management LLC grew its stake in Movado Group by 121.1% in the 4th quarter. VELA Investment Management LLC now owns 113,574 shares of the company's stock valued at $2,235,000 after acquiring an additional 62,214 shares during the last quarter. Hedge funds and other institutional investors own 72.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Movado Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. BWS Financial reissued a "buy" rating and set a $31.50 price objective on shares of Movado Group in a research note on Monday, April 21st.

Movado Group Trading Up 3.6%

Shares of NYSE MOV traded up $0.61 during trading on Tuesday, reaching $17.40. The company had a trading volume of 162,893 shares, compared to its average volume of 208,188. The stock has a market capitalization of $386.92 million, a PE ratio of 16.73 and a beta of 1.17. Movado Group, Inc. has a twelve month low of $12.85 and a twelve month high of $27.31. The stock has a 50-day moving average price of $15.37 and a two-hundred day moving average price of $18.07.

Movado Group (NYSE:MOV - Get Free Report) last released its 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 net margin of 3.62% and a return on equity of 5.38%. The company had revenue of $181.48 million for the quarter, compared to analyst estimates of $180.62 million. On average, sell-side analysts predict that Movado Group, Inc. will post 1.05 EPS for the current year.

Movado Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 8.05%. The ex-dividend date was Tuesday, April 22nd. Movado Group's payout ratio is 160.92%.

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.