AMS Capital Ltda Invests $1.19 Million in Movado Group, Inc (MOV)

AMS Capital Ltda acquired a new position in shares of Movado Group, Inc (NYSE:MOV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,411 shares of the company’s stock, valued at approximately $1,190,000. Movado Group accounts for approximately 1.0% of AMS Capital Ltda’s investment portfolio, making the stock its 24th biggest position. AMS Capital Ltda owned 0.12% of Movado Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers grew its stake in Movado Group by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 38,818 shares of the company’s stock valued at $1,875,000 after acquiring an additional 1,140 shares during the period. Cambria Investment Management L.P. grew its stake in Movado Group by 11.5% in the 2nd quarter. Cambria Investment Management L.P. now owns 11,665 shares of the company’s stock valued at $563,000 after acquiring an additional 1,206 shares during the period. North Star Investment Management Corp. grew its stake in Movado Group by 2.8% in the 3rd quarter. North Star Investment Management Corp. now owns 74,350 shares of the company’s stock valued at $3,115,000 after acquiring an additional 2,000 shares during the period. Principal Financial Group Inc. grew its stake in Movado Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 119,516 shares of the company’s stock valued at $4,589,000 after acquiring an additional 2,549 shares during the period. Finally, Legal & General Group Plc grew its stake in Movado Group by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 31,197 shares of the company’s stock valued at $1,514,000 after acquiring an additional 2,649 shares during the period. 67.46% of the stock is currently owned by institutional investors and hedge funds.

MOV stock traded up $0.62 during midday trading on Monday, reaching $38.67. The stock had a trading volume of 4,151 shares, compared to its average volume of 177,286. The firm has a market capitalization of $880.82 million, a P/E ratio of 19.59 and a beta of -0.16. Movado Group, Inc has a 52-week low of $26.09 and a 52-week high of $53.72.



Movado Group (NYSE:MOV) last announced its quarterly earnings data on Wednesday, August 29th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $144.10 million for the quarter, compared to analyst estimates of $137.50 million. Movado Group had a return on equity of 11.81% and a net margin of 0.12%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. As a group, equities research analysts predict that Movado Group, Inc will post 2.54 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Sidoti raised shares of Movado Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research cut shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine cut shares of Movado Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 4th. Finally, Cowen raised shares of Movado Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 8th.

In other Movado Group news, Director Richard D. Isserman sold 3,970 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.64, for a total value of $161,340.80. Following the transaction, the director now owns 8,342 shares in the company, valued at approximately $339,018.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen I. Sadove acquired 6,000 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was purchased at an average price of $42.81 per share, for a total transaction of $256,860.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $256,860. The disclosure for this purchase can be found here. Company insiders own 30.56% of the company’s stock.

Movado Group Company Profile

Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.

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Institutional Ownership by Quarter for Movado Group (NYSE:MOV)

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