Movado (NYSE:MOV) Director Richard Cote sold 28,693 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $38.39, for a total value of $1,101,524.27. Following the sale, the director now directly owns 249,498 shares in the company, valued at $9,578,228.22. The sale 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, April 17th, Richard Cote sold 45,000 shares of Movado stock. The stock was sold at an average price of $39.73, for a total value of $1,787,850.00.
  • On Monday, April 9th, Richard Cote sold 31,135 shares of Movado stock. The stock was sold at an average price of $38.34, for a total value of $1,193,715.90.
  • On Thursday, April 5th, Richard Cote sold 77,200 shares of Movado stock. The stock was sold at an average price of $38.00, for a total value of $2,933,600.00.
  • On Tuesday, March 27th, Richard Cote sold 1,600 shares of Movado stock. The stock was sold at an average price of $32.68, for a total value of $52,288.00.
  • On Tuesday, March 20th, Richard Cote sold 1,300 shares of Movado stock. The stock was sold at an average price of $32.00, for a total value of $41,600.00.
  • On Tuesday, March 13th, Richard Cote sold 1,200 shares of Movado stock. The stock was sold at an average price of $31.98, for a total value of $38,376.00.
  • On Tuesday, March 6th, Richard Cote sold 1,200 shares of Movado stock. The stock was sold at an average price of $31.27, for a total value of $37,524.00.
  • On Monday, February 26th, Richard Cote sold 1,000 shares of Movado stock. The stock was sold at an average price of $32.00, for a total value of $32,000.00.
  • On Tuesday, February 13th, Richard Cote sold 800 shares of Movado stock. The stock was sold at an average price of $30.85, for a total value of $24,680.00.
  • On Tuesday, February 6th, Richard Cote sold 500 shares of Movado stock. The stock was sold at an average price of $29.07, for a total value of $14,535.00.

Shares of NYSE:MOV opened at $39.90 on Friday. Movado has a 1 year low of $20.50 and a 1 year high of $42.25. The company has a market cap of $910.68, a price-to-earnings ratio of 19.95 and a beta of -0.16.

Movado (NYSE:MOV) last announced its earnings results on Thursday, March 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.26. Movado had a positive return on equity of 9.78% and a negative net margin of 2.68%. The business had revenue of $149.20 million during the quarter, compared to analyst estimates of $132.43 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities research analysts forecast that Movado will post 2.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Tuesday, April 10th. This is a positive change from Movado’s previous quarterly dividend of $0.13. Movado’s payout ratio is 40.00%.

MOV has been the topic of several analyst reports. Zacks Investment Research raised Movado from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, February 22nd. ValuEngine upgraded Movado from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Cowen restated a “hold” rating and set a $42.00 target price on shares of Movado in a research report on Monday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Several large investors have recently made changes to their positions in MOV. Nationwide Fund Advisors boosted its position in shares of Movado by 5.7% during the third quarter. Nationwide Fund Advisors now owns 34,966 shares of the company’s stock valued at $979,000 after buying an additional 1,884 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Movado by 75.4% during the third quarter. Russell Investments Group Ltd. now owns 57,920 shares of the company’s stock valued at $1,622,000 after buying an additional 24,896 shares during the period. Wells Fargo & Company MN boosted its position in shares of Movado by 38.1% during the third quarter. Wells Fargo & Company MN now owns 20,840 shares of the company’s stock valued at $583,000 after buying an additional 5,747 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Movado by 16.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 103,640 shares of the company’s stock valued at $2,902,000 after purchasing an additional 14,852 shares during the period. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Movado in the third quarter valued at approximately $249,000. Institutional investors and hedge funds own 66.02% of the company’s stock.

About Movado

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.

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

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