Landscape Capital Management L.L.C. Grows Stake in Movado Group, Inc. (NYSE:MOV)

Landscape Capital Management L.L.C. boosted its stake in Movado Group, Inc. (NYSE:MOV) by 50.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,377 shares of the company’s stock after buying an additional 14,221 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Movado Group were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MOV. Quadrature Capital Ltd lifted its position in shares of Movado Group by 7.8% in the first quarter. Quadrature Capital Ltd now owns 12,183 shares of the company’s stock valued at $340,000 after acquiring an additional 880 shares in the last quarter. PEAK6 Investments LLC lifted its holdings in Movado Group by 158.5% in the 1st quarter. PEAK6 Investments LLC now owns 18,954 shares of the company’s stock valued at $529,000 after purchasing an additional 11,623 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Movado Group by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,719 shares of the company’s stock worth $495,000 after purchasing an additional 779 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Movado Group during the first quarter worth $221,000. Finally, Ancora Advisors LLC raised its position in shares of Movado Group by 13.2% in the first quarter. Ancora Advisors LLC now owns 48,825 shares of the company’s stock valued at $1,364,000 after buying an additional 5,696 shares during the last quarter. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Movado Group Stock Up 2.8 %

MOV stock opened at $19.61 on Friday. Movado Group, Inc. has a 52-week low of $17.86 and a 52-week high of $31.44. The stock has a market cap of $435.77 million, a price-to-earnings ratio of 12.33 and a beta of 0.99. The business has a fifty day moving average of $19.14 and a two-hundred day moving average of $22.81.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Movado Group had a return on equity of 7.23% and a net margin of 5.45%. The business had revenue of $159.31 million for the quarter. During the same period last year, the firm earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Movado Group, Inc. will post 0.95 EPS for the current year.

Movado Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.35 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 7.14%. Movado Group’s dividend payout ratio is currently 88.05%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.