4,167 Shares in Movado Group, Inc. (NYSE:MOV) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new stake in shares of Movado Group, Inc. (NYSE:MOV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,167 shares of the company’s stock, valued at approximately $78,000.

Several other large investors have also recently made changes to their positions in MOV. Innealta Capital LLC bought a new position in shares of Movado Group during the 2nd quarter valued at $25,000. nVerses Capital LLC bought a new position in shares of Movado Group during the third quarter valued at about $45,000. SG Americas Securities LLC bought a new position in shares of Movado Group during the second quarter valued at about $122,000. FMR LLC increased its holdings in shares of Movado Group by 393.0% in the third quarter. FMR LLC now owns 7,400 shares of the company’s stock worth $138,000 after buying an additional 5,899 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Movado Group by 117.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 5,581 shares of the company’s stock valued at $139,000 after acquiring an additional 3,011 shares during the last quarter. 72.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Movado Group Stock Up 0.3 %

Shares of Movado Group stock opened at $20.86 on Monday. The company’s fifty day simple moving average is $19.40 and its two-hundred day simple moving average is $22.31. Movado Group, Inc. has a 12-month low of $17.86 and a 12-month high of $31.44. The firm has a market cap of $463.51 million, a PE ratio of 20.06 and a beta of 1.04.

Movado Group (NYSE:MOV) last announced its earnings results on Thursday, September 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Movado Group had a net margin of 5.45% and a return on equity of 7.23%. The company had revenue of $159.31 million for the quarter. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, sell-side analysts expect that Movado Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Movado Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Monday, December 16th. Movado Group’s dividend payout ratio is presently 134.62%.

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.