ClearAlpha Technologies LP Acquires Shares of 13,791 Movado Group, Inc. (NYSE:MOV)

ClearAlpha Technologies LP acquired a new position in shares of Movado Group, Inc. (NYSE:MOV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,791 shares of the company’s stock, valued at approximately $257,000. ClearAlpha Technologies LP owned approximately 0.06% of Movado Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of Movado Group by 3.9% during the second quarter. Pacer Advisors Inc. now owns 1,014,073 shares of the company’s stock worth $25,210,000 after purchasing an additional 38,038 shares during the last quarter. VELA Investment Management LLC bought a new position in Movado Group during the 3rd quarter worth approximately $955,000. American Century Companies Inc. grew its position in shares of Movado Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 335,533 shares of the company’s stock worth $8,341,000 after acquiring an additional 43,316 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Movado Group by 57.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,303 shares of the company’s stock worth $248,000 after acquiring an additional 4,828 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Movado Group by 59.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,247 shares of the company’s stock valued at $628,000 after acquiring an additional 9,457 shares during the last quarter. Institutional investors own 72.08% of the company’s stock.

Movado Group Stock Performance

NYSE MOV opened at $20.91 on Tuesday. The firm has a market capitalization of $464.62 million, a PE ratio of 13.15 and a beta of 1.04. Movado Group, Inc. has a one year low of $17.86 and a one year high of $31.44. The company has a 50-day simple moving average of $19.20 and a 200-day simple moving average of $22.53.

Movado Group (NYSE:MOV) last announced its quarterly earnings results 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 company had revenue of $159.31 million for the quarter. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts forecast that Movado Group, Inc. will post 0.95 earnings per share for the current year.

Movado Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.35 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 6.70%. Movado Group’s dividend payout ratio (DPR) is 88.05%.

Analyst Ratings Changes

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

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.