WINTON GROUP Ltd Takes Position in Movado Group, Inc (NYSE:MOV)

WINTON GROUP Ltd bought a new stake in Movado Group, Inc (NYSE:MOV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,500 shares of the company’s stock, valued at approximately $338,000. WINTON GROUP Ltd owned approximately 0.05% of Movado Group as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Comerica Bank lifted its stake in shares of Movado Group by 2.5% in the first quarter. Comerica Bank now owns 16,285 shares of the company’s stock valued at $557,000 after purchasing an additional 391 shares during the period. Texas Permanent School Fund lifted its stake in shares of Movado Group by 3.8% in the first quarter. Texas Permanent School Fund now owns 11,203 shares of the company’s stock valued at $408,000 after purchasing an additional 406 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Movado Group by 1.5% in the fourth quarter. Two Sigma Advisers LP now owns 48,900 shares of the company’s stock valued at $1,546,000 after purchasing an additional 700 shares during the period. United Services Automobile Association lifted its stake in shares of Movado Group by 15.4% in the fourth quarter. United Services Automobile Association now owns 6,733 shares of the company’s stock valued at $213,000 after purchasing an additional 896 shares during the period. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of Movado Group by 54.5% in the first quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock valued at $136,000 after purchasing an additional 1,200 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MOV traded down $0.14 during midday trading on Friday, hitting $24.90. The company had a trading volume of 523 shares, compared to its average volume of 115,791. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.99 and a quick ratio of 2.40. Movado Group, Inc has a twelve month low of $24.48 and a twelve month high of $52.10. The firm has a 50-day simple moving average of $26.42. The firm has a market cap of $598.79 million, a price-to-earnings ratio of 9.38 and a beta of 0.44.

Movado Group (NYSE:MOV) last announced its earnings results on Thursday, May 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The business had revenue of $146.55 million for the quarter, compared to analyst estimates of $148.70 million. Movado Group had a return on equity of 12.43% and a net margin of 8.22%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. Research analysts forecast that Movado Group, Inc will post 2.75 earnings per share for the current fiscal year.

MOV has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Movado Group from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet cut shares of Movado Group from a “b-” rating to a “c+” rating in a research note on Monday, June 10th.

Movado Group Profile

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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