Movado Group, Inc. (NYSE:MOV) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of Movado Group, Inc. (NYSE:MOV - Free Report) by 69.3% during the 4th quarter, according to the company in its most recent disclosure with the 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 approximately 0.42% of Movado Group worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Movado Group by 202.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 478,342 shares of the company's stock worth $9,414,000 after acquiring an additional 320,103 shares in the last quarter. VELA Investment Management LLC boosted its position in Movado Group by 121.1% during the fourth quarter. VELA Investment Management LLC now owns 113,574 shares of the company's stock worth $2,235,000 after purchasing an additional 62,214 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Movado Group during the fourth quarter worth approximately $804,000. AlphaQuest LLC grew its holdings in Movado Group by 6,913.9% in the fourth 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 grew its holdings in Movado Group by 43.6% in the fourth 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. Hedge funds and other institutional investors own 72.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MOV shares. StockNews.com lowered 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 issued a $31.50 price target on shares of Movado Group in a report on Monday, April 21st.

Movado Group Price Performance

Movado Group stock traded down $0.35 during midday trading on Wednesday, reaching $16.80. The company had a trading volume of 233,210 shares, compared to its average volume of 206,912. Movado Group, Inc. has a 12-month low of $12.85 and a 12-month high of $27.31. The company has a market capitalization of $373.51 million, a P/E ratio of 16.15 and a beta of 1.17. The firm's fifty day simple moving average is $15.45 and its 200-day simple moving average is $18.16.

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

Movado Group Dividend Announcement

The firm also recently announced 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 8.33%. Movado Group's dividend payout ratio (DPR) is presently 160.92%.

Movado Group Company 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.