Public Employees Retirement System of Ohio Has $619,000 Stake in Movado Group, Inc. (NYSE:MOV)

Public Employees Retirement System of Ohio increased its position in Movado Group, Inc. (NYSE:MOV - Free Report) by 194.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,437 shares of the company's stock after acquiring an additional 20,744 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.14% of Movado Group worth $619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Movado Group in the fourth quarter worth $804,000. Millennium Management LLC raised its stake in Movado Group by 10.2% during the 4th quarter. Millennium Management LLC now owns 443,179 shares of the company's stock valued at $8,722,000 after purchasing an additional 41,063 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Movado Group by 11.5% in the 4th 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. Victory Capital Management Inc. grew its position in Movado Group by 131.7% in the 4th quarter. Victory Capital Management Inc. now owns 37,835 shares of the company's stock worth $745,000 after purchasing an additional 21,505 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of Movado Group by 47.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 62,551 shares of the company's stock worth $1,231,000 after purchasing an additional 20,174 shares during the period. Institutional investors and hedge funds own 72.08% of the company's stock.

Analyst Ratings Changes

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

Movado Group Price Performance

Shares of NYSE MOV traded up $0.16 during trading hours on Friday, reaching $15.62. The stock had a trading volume of 186,718 shares, compared to its average volume of 211,376. The company has a market cap of $347.34 million, a price-to-earnings ratio of 15.02 and a beta of 1.21. Movado Group, Inc. has a twelve month low of $12.85 and a twelve month high of $26.59. The business's fifty day moving average is $15.15 and its two-hundred day moving average is $17.88.

Movado Group (NYSE:MOV - Get Free Report) last announced its quarterly 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). Movado Group had a net margin of 3.62% and a return on equity of 5.38%. The business had revenue of $131.77 million during the quarter, compared to the consensus estimate of $142.11 million. Sell-side analysts forecast that Movado Group, Inc. will post 1.05 earnings per share for the current fiscal year.

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 8.96%. The ex-dividend date of this dividend is Thursday, June 12th. Movado Group's dividend payout ratio (DPR) is presently 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.