Juncture Wealth Strategies LLC acquired a new stake in Movado Group, Inc (NYSE:MOV) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,955 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its position in Movado Group by 6.9% in the fourth quarter. State of Alaska Department of Revenue now owns 5,515 shares of the company’s stock valued at $174,000 after purchasing an additional 356 shares during the period. Texas Permanent School Fund lifted its position in Movado Group by 3.8% in the fourth quarter. Texas Permanent School Fund now owns 10,797 shares of the company’s stock valued at $341,000 after purchasing an additional 398 shares during the period. Hsbc Holdings PLC lifted its position in Movado Group by 1.9% in the fourth quarter. Hsbc Holdings PLC now owns 31,883 shares of the company’s stock valued at $1,008,000 after purchasing an additional 580 shares during the period. Strs Ohio lifted its position in Movado Group by 3.1% in the fourth quarter. Strs Ohio now owns 19,700 shares of the company’s stock valued at $622,000 after purchasing an additional 600 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Movado Group by 1.5% in the fourth quarter. Two Sigma Advisers LP now owns 48,900 shares of the company’s stock valued at $1,546,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 69.68% of the company’s stock.

MOV stock opened at $33.63 on Wednesday. Movado Group, Inc has a 12-month low of $28.76 and a 12-month high of $53.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.15 and a quick ratio of 2.69. The company has a market cap of $784.77 million, a PE ratio of 12.60 and a beta of 0.15.

Movado Group (NYSE:MOV) last posted its quarterly earnings results on Thursday, March 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. Movado Group had a net margin of 9.07% and a return on equity of 13.27%. The company had revenue of $199.40 million during the quarter, compared to the consensus estimate of $194.00 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. On average, analysts forecast that Movado Group, Inc will post 2.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. Movado Group’s payout ratio is 29.96%.

Separately, Zacks Investment Research downgraded shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th.

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Movado Group Company Profile

Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.

Further Reading: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Movado Group (NYSE:MOV)

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