SG Americas Securities LLC Decreases Holdings in Movado Group, Inc. (NYSE:MOV)

SG Americas Securities LLC trimmed its stake in shares of Movado Group, Inc. (NYSE:MOV) by 61.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,125 shares of the company’s stock after selling 8,020 shares during the period. SG Americas Securities LLC’s holdings in Movado Group were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Confluence Investment Management LLC raised its position in shares of Movado Group by 60.6% in the fourth quarter. Confluence Investment Management LLC now owns 176,057 shares of the company’s stock valued at $3,465,000 after buying an additional 66,422 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Movado Group by 4.4% in the third quarter. Sanctuary Advisors LLC now owns 60,148 shares of the company’s stock valued at $1,179,000 after buying an additional 2,551 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Movado Group in the third quarter valued at about $364,000. Barclays PLC raised its position in shares of Movado Group by 368.7% in the third quarter. Barclays PLC now owns 26,664 shares of the company’s stock valued at $496,000 after buying an additional 20,975 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Movado Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 355,152 shares of the company’s stock valued at $6,607,000 after buying an additional 5,990 shares during the last quarter. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MOV shares. BWS Financial started coverage on shares of Movado Group in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.50 target price for the company. StockNews.com cut shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Thursday.

Movado Group Trading Down 1.5 %

Movado Group stock opened at $19.70 on Thursday. Movado Group, Inc. has a 12-month low of $17.86 and a 12-month high of $29.25. The stock has a market cap of $436.16 million, a P/E ratio of 18.94 and a beta of 1.00. The company has a 50-day moving average price of $19.73 and a 200 day moving average price of $20.39.

Movado Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend was Monday, December 16th. Movado Group’s dividend payout ratio is presently 134.62%.

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.