Richard Cote Sells 1,600 Shares of Movado Group, Inc (MOV) Stock
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.
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.
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