Movado Group, Inc (MOV) Director Richard Cote Sells 1,600 Shares

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.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.18. The firm had revenue of $190.69 million during the quarter, compared to analysts’ expectations of $176.33 million. Movado Group had a net margin of 4.35% and a return on equity of 8.34%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. analysts forecast that Movado Group, Inc will post 1.74 EPS for the current year.

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.

Insider Buying and Selling by Quarter for Movado Group (NYSE:MOV)

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