Royce & Associates LP Buys 18,545 Shares of Movado Group, Inc. (NYSE:MOV)

Royce & Associates LP lifted its stake in Movado Group, Inc. (NYSE:MOV) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,475,354 shares of the company’s stock after buying an additional 18,545 shares during the quarter. Royce & Associates LP owned about 6.66% of Movado Group worth $29,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MOV. Point72 DIFC Ltd bought a new position in shares of Movado Group in the third quarter worth about $78,000. FMR LLC raised its stake in Movado Group by 393.0% during the 3rd quarter. FMR LLC now owns 7,400 shares of the company’s stock valued at $138,000 after purchasing an additional 5,899 shares during the period. Intech Investment Management LLC bought a new stake in Movado Group during the 3rd quarter valued at approximately $200,000. Aigen Investment Management LP bought a new stake in Movado Group during the 4th quarter valued at approximately $201,000. Finally, Quantbot Technologies LP bought a new stake in Movado Group during the 3rd quarter valued at approximately $244,000. Institutional investors own 72.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Movado Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. BWS Financial started coverage on Movado Group in a report on Thursday, January 2nd. They set a “buy” rating and a $31.50 price target for the company.

Movado Group Stock Up 0.8 %

MOV opened at $17.55 on Friday. The business has a fifty day moving average of $19.22 and a 200 day moving average of $19.57. Movado Group, Inc. has a 52-week low of $17.24 and a 52-week high of $28.26. The stock has a market cap of $388.50 million, a P/E ratio of 16.87 and a beta of 0.96.

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.