Movado Group (NYSE:MOV) Rating Lowered to “Hold” at StockNews.com

Movado Group (NYSE:MOV) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, BWS Financial began coverage on Movado Group in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.50 price objective for the company.

Movado Group Stock Down 1.8 %

Shares of NYSE:MOV opened at $19.50 on Thursday. The firm has a market cap of $431.73 million, a P/E ratio of 18.75 and a beta of 1.00. Movado Group has a 12-month low of $17.86 and a 12-month high of $29.25. The business has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $20.34.

Institutional Trading of Movado Group

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Movado Group by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,395 shares of the company’s stock valued at $500,000 after purchasing an additional 848 shares during the period. Teton Advisors Inc. increased its holdings in Movado Group by 68.7% in the fourth quarter. Teton Advisors Inc. now owns 49,100 shares of the company’s stock worth $966,000 after purchasing an additional 20,000 shares in the last quarter. Barclays PLC lifted its stake in Movado Group by 5.3% in the fourth quarter. Barclays PLC now owns 28,080 shares of the company’s stock valued at $552,000 after buying an additional 1,416 shares during the period. Russell Investments Group Ltd. lifted its stake in Movado Group by 40.8% in the fourth quarter. Russell Investments Group Ltd. now owns 38,573 shares of the company’s stock valued at $759,000 after buying an additional 11,187 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Movado Group during the 4th quarter worth approximately $284,000. 72.08% of the stock is currently owned by institutional investors and hedge funds.

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.