Numerai GP LLC Acquires New Stake in Movado Group, Inc. (NYSE:MOV)

Numerai GP LLC purchased a new stake in Movado Group, Inc. (NYSE:MOV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 161,889 shares of the company's stock, valued at approximately $3,186,000. Movado Group makes up about 0.9% of Numerai GP LLC's holdings, making the stock its 10th biggest position. Numerai GP LLC owned approximately 0.73% of Movado Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Movado Group by 202.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 478,342 shares of the company's stock worth $9,414,000 after purchasing an additional 320,103 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Movado Group by 174.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 307,790 shares of the company's stock worth $6,057,000 after acquiring an additional 195,465 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Movado Group by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 257,578 shares of the company's stock worth $5,069,000 after acquiring an additional 93,388 shares during the last quarter. Ameriprise Financial Inc. increased its position in Movado Group by 19.3% in the 4th quarter. Ameriprise Financial Inc. now owns 549,455 shares of the company's stock valued at $10,813,000 after acquiring an additional 88,778 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Movado Group by 839.8% during the fourth quarter. Deutsche Bank AG now owns 91,500 shares of the company's stock worth $1,801,000 after purchasing an additional 81,764 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

Movado Group Trading Up 1.5%

Shares of MOV stock traded up $0.26 on Friday, reaching $17.35. The company had a trading volume of 179,487 shares, compared to its average volume of 206,113. The stock has a market cap of $385.81 million, a PE ratio of 16.68 and a beta of 1.17. The company has a 50-day moving average of $15.49 and a 200-day moving average of $18.19. Movado Group, Inc. has a 12 month low of $12.85 and a 12 month high of $27.75.

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

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 8.07%. Movado Group's dividend payout ratio (DPR) is currently 160.92%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MOV. 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. StockNews.com downgraded Movado Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

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.