Movado Group, Inc (NYSE:MOV) Director Richard Cote sold 1,600 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.49, for a total transaction of $51,984.00. Following the sale, the director now directly owns 396,296 shares in the company, valued at $12,875,657.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Richard Cote also recently made the following trade(s):

  • On Tuesday, January 9th, Richard Cote sold 1,600 shares of Movado Group stock. The stock was sold at an average price of $32.02, for a total transaction of $51,232.00.

Movado Group, Inc (MOV) opened at $32.55 on Thursday. The firm has a market cap of $744.37, a PE ratio of 31.60 and a beta of 0.20. Movado Group, Inc has a 52 week low of $20.50 and a 52 week high of $33.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 4.80.

Movado Group (NYSE:MOV) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. The company had revenue of $190.69 million for the quarter, compared to analyst estimates of $176.33 million. Movado Group had a net margin of 4.35% and a return on equity of 8.34%. Movado Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. research analysts predict that Movado Group, Inc will post 1.74 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new position in shares of Movado Group during the 3rd quarter worth about $101,000. PNC Financial Services Group Inc. grew its stake in Movado Group by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,855 shares of the company’s stock valued at $122,000 after buying an additional 78 shares during the last quarter. QS Investors LLC grew its stake in Movado Group by 0.5% in the 2nd quarter. QS Investors LLC now owns 5,748 shares of the company’s stock valued at $145,000 after buying an additional 27 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Movado Group by 13.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,617 shares of the company’s stock valued at $167,000 after buying an additional 776 shares during the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new position in Movado Group in the 3rd quarter valued at about $210,000. Institutional investors own 63.83% of the company’s stock.

MOV has been the topic of several analyst reports. KeyCorp reissued a “hold” rating on shares of Movado Group in a research report on Wednesday, October 11th. ValuEngine raised shares of Movado Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.33.

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About Movado Group

Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.

Insider Buying and Selling by Quarter for Movado Group (NYSE:MOV)

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