Movado Group, Inc. (NYSE:MOV) Stock Position Decreased by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in Movado Group, Inc. (NYSE:MOV - Free Report) by 69.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,518 shares of the company's stock after selling 211,594 shares during the quarter. Jane Street Group LLC owned 0.42% of Movado Group worth $1,840,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MOV. Arrowstreet Capital Limited Partnership increased its position 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 acquiring an additional 320,103 shares during the period. VELA Investment Management LLC increased its position in shares of Movado Group by 121.1% during the 4th quarter. VELA Investment Management LLC now owns 113,574 shares of the company's stock valued at $2,235,000 after purchasing an additional 62,214 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Movado Group during the 4th quarter valued at $804,000. AlphaQuest LLC increased its position in shares of Movado Group by 6,913.9% during the 4th quarter. AlphaQuest LLC now owns 39,909 shares of the company's stock valued at $785,000 after purchasing an additional 39,340 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Movado Group by 43.6% during the 4th quarter. Teacher Retirement System of Texas now owns 112,169 shares of the company's stock valued at $2,207,000 after purchasing an additional 34,070 shares during the period. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MOV shares. Wall Street Zen cut Movado Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. BWS Financial reiterated a "buy" rating and set a $31.50 price target on shares of Movado Group in a research report on Monday, April 21st.

Movado Group Stock Performance

Shares of MOV stock traded down $0.17 during mid-day trading on Friday, hitting $16.79. 182,738 shares of the stock traded hands, compared to its average volume of 207,894. Movado Group, Inc. has a twelve month low of $12.85 and a twelve month high of $27.31. The firm has a market cap of $373.36 million, a price-to-earnings ratio of 16.14 and a beta of 1.17. The company's 50-day simple moving average is $15.39 and its 200-day simple moving average is $18.12.

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

Movado Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders 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 8.34%. The ex-dividend date of this dividend was Tuesday, April 22nd. Movado Group's dividend payout ratio is presently 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.