Linden Thomas Advisory Services LLC Trims Stock Position in Movado Group, Inc. (NYSE:MOV)

Linden Thomas Advisory Services LLC trimmed its stake in Movado Group, Inc. (NYSE:MOV) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,897 shares of the company’s stock after selling 857 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.21% of Movado Group worth $923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOV. nVerses Capital LLC purchased a new position in shares of Movado Group during the third quarter worth about $45,000. Point72 DIFC Ltd purchased a new position in Movado Group during the 3rd quarter worth approximately $78,000. FMR LLC grew its stake in Movado Group by 393.0% during the 3rd 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 last quarter. Ballentine Partners LLC acquired a new position in Movado Group during the third quarter worth approximately $187,000. Finally, Intech Investment Management LLC purchased a new stake in Movado Group in the third quarter valued at approximately $200,000. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Movado Group Stock Down 0.2 %

NYSE MOV opened at $19.46 on Friday. The firm has a market cap of $430.93 million, a P/E ratio of 18.72 and a beta of 1.03. Movado Group, Inc. has a 52-week low of $17.86 and a 52-week high of $29.45. The business’s 50-day moving average price is $19.85 and its 200 day moving average price is $20.92.

Movado Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 7.19%. Movado Group’s dividend payout ratio (DPR) is currently 134.62%.

Wall Street Analyst Weigh In

Separately, BWS Financial started coverage on shares of Movado Group in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.50 target price on the stock.

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.