Charles Schwab Investment Management Inc. Has $3.22 Million Stock Position in Movado Group, Inc. (NYSE:MOV)

Charles Schwab Investment Management Inc. trimmed its holdings in Movado Group, Inc. (NYSE:MOV) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,373 shares of the company’s stock after selling 33,333 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Movado Group worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Movado Group during the third quarter valued at approximately $78,000. FMR LLC lifted its position in shares of 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 period. Intech Investment Management LLC acquired a new stake in Movado Group in the 3rd quarter valued at $200,000. Quantbot Technologies LP bought a new stake in Movado Group in the third quarter valued at $244,000. Finally, ClearAlpha Technologies LP acquired a new position in Movado Group during the third quarter worth $257,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BWS Financial started coverage on shares of Movado Group in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.50 price target on the stock. StockNews.com lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Movado Group Stock Performance

NYSE:MOV opened at $17.86 on Friday. The stock’s 50-day simple moving average is $18.98 and its 200 day simple moving average is $19.30. Movado Group, Inc. has a 52-week low of $17.24 and a 52-week high of $28.26. The company has a market cap of $395.43 million, a P/E ratio of 17.17 and a beta of 0.96.

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.