Inceptionr LLC Invests $460,000 in Movado Group, Inc. (NYSE:MOV)

Inceptionr LLC purchased a new position in shares of Movado Group, Inc. (NYSE:MOV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,379 shares of the company’s stock, valued at approximately $460,000. Inceptionr LLC owned about 0.11% of Movado Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MOV. Crossmark Global Holdings Inc. raised its stake in shares of Movado Group by 57.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,303 shares of the company’s stock worth $248,000 after buying an additional 4,828 shares during the last quarter. Versor Investments LP raised its stake in shares of Movado Group by 24.3% during the 3rd quarter. Versor Investments LP now owns 17,881 shares of the company’s stock worth $333,000 after buying an additional 3,500 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Movado Group by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 16,330 shares of the company’s stock worth $304,000 after buying an additional 1,301 shares during the last quarter. Royce & Associates LP raised its stake in shares of Movado Group by 1.6% during the 3rd quarter. Royce & Associates LP now owns 1,456,809 shares of the company’s stock worth $27,097,000 after buying an additional 22,414 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Movado Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 97,722 shares of the company’s stock worth $1,818,000 after purchasing an additional 4,958 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

Movado Group Trading Down 0.2 %

Movado Group stock opened at $18.34 on Friday. The stock has a market cap of $406.10 million, a PE ratio of 17.63 and a beta of 0.96. The stock has a 50-day moving average price of $19.41 and a 200 day moving average price of $19.80. Movado Group, Inc. has a 52 week low of $17.83 and a 52 week high of $28.26.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MOV. 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. StockNews.com cut Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

About Movado Group

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.