Movado Group, Inc (NYSE:MOV) Director Richard Cote sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $32.49, for a total transaction of $51,984.00. Following the sale, the director now directly owns 396,296 shares of the company’s stock, valued at $12,875,657.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Richard Cote also recently made the following trade(s):
- On Tuesday, January 9th, Richard Cote sold 1,600 shares of Movado Group stock. The stock was sold at an average price of $32.02, for a total transaction of $51,232.00.
Shares of Movado Group, Inc (MOV) traded up $1.20 during midday trading on Friday, reaching $33.75. 96,833 shares of the company were exchanged, compared to its average volume of 103,321. The firm has a market capitalization of $774.23, a PE ratio of 32.77 and a beta of 0.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 4.80. Movado Group, Inc has a 52-week low of $20.50 and a 52-week high of $33.95.
A number of brokerages recently issued reports on MOV. ValuEngine upgraded shares of Movado Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. KeyCorp restated a “hold” rating on shares of Movado Group in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $30.33.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Magnetar Financial LLC acquired a new position in Movado Group during the third quarter valued at approximately $354,000. AHL Partners LLP acquired a new position in shares of Movado Group in the second quarter valued at approximately $403,000. Janus Henderson Group PLC acquired a new position in shares of Movado Group in the second quarter valued at approximately $13,810,000. Foundry Partners LLC boosted its holdings in shares of Movado Group by 7.5% in the third quarter. Foundry Partners LLC now owns 145,772 shares of the company’s stock valued at $4,082,000 after buying an additional 10,196 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Movado Group in the third quarter valued at approximately $307,000. Hedge funds and other institutional investors own 63.83% of the company’s stock.
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About Movado Group
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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