New York State Teachers Retirement System Has $1.01 Million Stake in Movado Group, Inc. (NYSE:MOV)

New York State Teachers Retirement System trimmed its stake in Movado Group, Inc. (NYSE:MOV) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,636 shares of the company’s stock after selling 923 shares during the period. New York State Teachers Retirement System owned about 0.15% of Movado Group worth $1,014,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Movado Group by 0.8% during the 3rd quarter. BlackRock Inc. now owns 2,524,571 shares of the company’s stock worth $71,142,000 after acquiring an additional 21,110 shares during the period. Dimensional Fund Advisors LP grew its holdings in Movado Group by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,286,810 shares of the company’s stock worth $37,021,000 after acquiring an additional 25,264 shares during the period. Vanguard Group Inc. grew its holdings in Movado Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,219,892 shares of the company’s stock worth $47,638,000 after acquiring an additional 7,313 shares during the period. Pacer Advisors Inc. boosted its position in shares of Movado Group by 62.6% during the 4th quarter. Pacer Advisors Inc. now owns 610,588 shares of the company’s stock worth $18,409,000 after purchasing an additional 235,039 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Movado Group by 0.4% during the 2nd quarter. State Street Corp now owns 578,247 shares of the company’s stock worth $15,514,000 after purchasing an additional 2,414 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $41.00 price objective on shares of Movado Group in a research report on Wednesday, March 27th.

Movado Group Price Performance

MOV stock opened at $24.86 on Friday. The stock has a market capitalization of $550.15 million, a PE ratio of 12.07 and a beta of 1.13. The company’s 50-day moving average is $27.43 and its 200-day moving average is $28.19. Movado Group, Inc. has a 1 year low of $23.94 and a 1 year high of $31.44.

Movado Group (NYSE:MOV) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.55 earnings per share (EPS) for the quarter. Movado Group had a net margin of 6.94% and a return on equity of 9.56%. The company had revenue of $179.62 million for the quarter. On average, analysts anticipate that Movado Group, Inc. will post 1.25 earnings per share for the current fiscal year.

Movado Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.40 annualized dividend and a yield of 5.63%. Movado Group’s payout ratio is 67.96%.

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.