XTX Topco Ltd Buys Shares of 8,686 Movado Group, Inc. (NYSE:MOV)

XTX Topco Ltd purchased a new stake in shares of Movado Group, Inc. (NYSE:MOV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,686 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MOV. Innealta Capital LLC bought a new position in Movado Group during the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC lifted its holdings in Movado Group by 1,246.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,906 shares of the company’s stock worth $109,000 after purchasing an additional 3,616 shares during the last quarter. SG Americas Securities LLC bought a new stake in Movado Group during the second quarter worth approximately $122,000. EntryPoint Capital LLC grew its holdings in Movado Group by 54.1% during the first quarter. EntryPoint Capital LLC now owns 5,293 shares of the company’s stock valued at $148,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of Movado Group by 117.2% in the second quarter. Banque Cantonale Vaudoise now owns 5,581 shares of the company’s stock valued at $139,000 after purchasing an additional 3,011 shares during the period. Institutional investors own 72.08% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Movado Group news, SVP Michelle Kennedy sold 1,245 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $26.05, for a total value of $32,432.25. Following the completion of the transaction, the senior vice president now owns 12,202 shares of the company’s stock, valued at approximately $317,862.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.11% of the stock is owned by company insiders.

Movado Group Stock Up 1.8 %

Shares of NYSE:MOV opened at $18.97 on Monday. The company has a market cap of $421.32 million, a price-to-earnings ratio of 10.60 and a beta of 1.00. The business has a 50 day moving average price of $22.54 and a 200 day moving average price of $24.81. Movado Group, Inc. has a twelve month low of $17.86 and a twelve month high of $31.44.

Movado Group (NYSE:MOV) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $159.31 million during the quarter. Movado Group had a return on equity of 7.23% and a net margin of 5.45%. During the same quarter last year, the firm posted $0.38 EPS. Analysts anticipate that Movado Group, Inc. will post 0.95 EPS for the current year.

Movado Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.38%. The ex-dividend date is Monday, September 16th. Movado Group’s payout ratio is presently 78.21%.

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.