Janus Henderson Group PLC Has $17.76 Million Position in Movado Group, Inc (MOV)

Janus Henderson Group PLC lowered its stake in Movado Group, Inc (NYSE:MOV) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,778 shares of the company’s stock after selling 5,509 shares during the quarter. Janus Henderson Group PLC owned approximately 1.83% of Movado Group worth $17,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers grew its stake in Movado Group by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 38,818 shares of the company’s stock valued at $1,875,000 after acquiring an additional 1,140 shares in the last quarter. North Star Investment Management Corp. grew its stake in Movado Group by 2.8% during the 3rd quarter. North Star Investment Management Corp. now owns 74,350 shares of the company’s stock valued at $3,115,000 after acquiring an additional 2,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in Movado Group by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 119,516 shares of the company’s stock valued at $4,589,000 after acquiring an additional 2,549 shares in the last quarter. Legal & General Group Plc grew its stake in Movado Group by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 31,197 shares of the company’s stock valued at $1,514,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in Movado Group by 16.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 23,600 shares of the company’s stock valued at $989,000 after acquiring an additional 3,400 shares in the last quarter. 69.76% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Richard D. Isserman sold 3,970 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.64, for a total value of $161,340.80. Following the completion of the sale, the director now owns 8,342 shares of the company’s stock, valued at approximately $339,018.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 30.56% of the company’s stock.

Shares of NYSE MOV opened at $33.20 on Friday. The company has a market capitalization of $892.86 million, a P/E ratio of 15.31 and a beta of -0.05. Movado Group, Inc has a 52 week low of $28.15 and a 52 week high of $53.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.53 and a quick ratio of 3.28.

Movado Group (NYSE:MOV) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The business had revenue of $208.90 million during the quarter, compared to analysts’ expectations of $205.40 million. Movado Group had a return on equity of 12.64% and a net margin of 1.63%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. As a group, equities analysts forecast that Movado Group, Inc will post 2.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Movado Group’s payout ratio is 40.00%.

Several equities analysts have weighed in on the company. Cowen raised Movado Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 8th. Zacks Investment Research raised Movado Group from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research note on Tuesday, September 4th. Finally, Sidoti raised Movado Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 22nd.

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About Movado Group

Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.

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Institutional Ownership by Quarter for Movado Group (NYSE:MOV)

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