Barclays PLC Grows Stock Holdings in Movado Group, Inc. (NYSE:MOV)

Barclays PLC grew its position in Movado Group, Inc. (NYSE:MOV) by 368.7% during the 3rd quarter, Holdings Channel reports. The fund owned 26,664 shares of the company’s stock after buying an additional 20,975 shares during the quarter. Barclays PLC’s holdings in Movado Group were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MOV. nVerses Capital LLC purchased a new position in Movado Group in the 3rd quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of Movado Group during the 3rd quarter worth $78,000. FMR LLC grew its holdings 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 purchasing an additional 5,899 shares during the period. Ballentine Partners LLC acquired a new position in shares of Movado Group during the 3rd quarter valued at $187,000. Finally, Intech Investment Management LLC acquired a new position in Movado Group during the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MOV shares. StockNews.com lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. BWS Financial started coverage on shares of Movado Group in a research note on Thursday. They set a “buy” rating and a $31.50 target price for the company.

Movado Group Stock Performance

MOV stock opened at $19.55 on Friday. Movado Group, Inc. has a 52 week low of $17.86 and a 52 week high of $30.14. The stock has a market cap of $432.90 million, a P/E ratio of 18.80 and a beta of 1.04. The firm has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $21.57.

Movado Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend was Monday, December 16th. Movado Group’s dividend payout ratio (DPR) is 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.