Movado Group, Inc (MOV) Director Richard Cote Sells 500 Shares

Movado Group, Inc (NYSE:MOV) Director Richard Cote sold 500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $29.07, for a total value of $14,535.00. Following the transaction, the director now owns 393,796 shares in the company, valued at $11,447,649.72. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, January 30th, Richard Cote sold 1,600 shares of Movado Group stock. The stock was sold at an average price of $32.05, for a total value of $51,280.00.
  • On Tuesday, January 23rd, Richard Cote sold 1,600 shares of Movado Group stock. The stock was sold at an average price of $33.46, for a total value of $53,536.00.
  • On Tuesday, January 16th, Richard Cote sold 1,600 shares of Movado Group stock. The stock was sold at an average price of $32.49, for a total value of $51,984.00.
  • On Tuesday, January 9th, Richard Cote sold 1,600 shares of Movado Group stock. The shares were sold at an average price of $32.02, for a total value of $51,232.00.

Movado Group, Inc (NYSE MOV) opened at $30.35 on Wednesday. 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, Inc has a 12 month low of $20.50 and a 12 month high of $33.95. The stock has a market capitalization of $673.26, a P/E ratio of 17.26 and a beta of -0.02.

Movado Group (NYSE:MOV) last posted its earnings results on Tuesday, November 21st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.18. Movado Group had a return on equity of 8.34% and a net margin of 4.35%. The firm had revenue of $190.69 million for the quarter, compared to analysts’ expectations of $176.33 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts anticipate that Movado Group, Inc will post 1.74 EPS for the current fiscal year.

Several research analysts have recently commented on MOV shares. Zacks Investment Research lowered Movado Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. ValuEngine upgraded Movado Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Movado Group in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Movado Group presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Several institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of Movado Group by 5.6% during the fourth quarter. California Public Employees Retirement System now owns 65,131 shares of the company’s stock valued at $2,097,000 after buying an additional 3,427 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Movado Group during the fourth quarter valued at approximately $206,000. Aperio Group LLC purchased a new position in shares of Movado Group during the fourth quarter valued at approximately $204,000. Alambic Investment Management L.P. increased its stake in shares of Movado Group by 10.2% during the fourth quarter. Alambic Investment Management L.P. now owns 47,472 shares of the company’s stock valued at $1,529,000 after buying an additional 4,400 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Movado Group during the fourth quarter valued at approximately $1,606,000. 64.64% of the stock is currently owned by hedge funds and other institutional investors.

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Movado Group Company Profile

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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