Landscape Capital Management L.L.C. Increases Holdings in Movado Group, Inc. (NYSE:MOV)

Landscape Capital Management L.L.C. increased its position in shares of Movado Group, Inc. (NYSE:MOV) by 50.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,377 shares of the company’s stock after purchasing an additional 14,221 shares during the quarter. Landscape Capital Management L.L.C. owned 0.19% of Movado Group worth $788,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Movado Group during the 2nd quarter valued at approximately $25,000. nVerses Capital LLC acquired a new position in Movado Group during the third quarter valued at $45,000. SG Americas Securities LLC purchased a new stake in Movado Group in the second quarter valued at $122,000. Banque Cantonale Vaudoise grew its position in Movado Group by 117.2% during the 2nd quarter. Banque Cantonale Vaudoise now owns 5,581 shares of the company’s stock worth $139,000 after purchasing an additional 3,011 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Movado Group during the 3rd quarter valued at about $187,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Movado Group Price Performance

MOV opened at $19.61 on Friday. The firm has a fifty day moving average price of $19.14 and a 200 day moving average price of $22.81. Movado Group, Inc. has a 1 year low of $17.86 and a 1 year high of $31.44. The stock has a market cap of $435.77 million, a P/E ratio of 12.33 and a beta of 0.99.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Movado Group had a return on equity of 7.23% and a net margin of 5.45%. The firm had revenue of $159.31 million during the quarter. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts expect that Movado Group, Inc. will post 0.95 EPS for the current year.

Movado Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend was Monday, September 16th. Movado Group’s dividend payout ratio (DPR) is presently 88.05%.

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.