The stock of Movado Group, Inc (NYSE:MOV) is a huge mover today! About 385,865 shares traded hands or 313.45% up from the average. Movado Group, Inc (NYSE:MOV) has declined 10.84% since April 20, 2016 and is downtrending. It has underperformed by 15.39% the S&P500.
The move comes after 6 months positive chart setup for the $654.37M company. It was reported on Nov, 22 by Barchart.com. We have $30.63 PT which if reached, will make NYSE:MOV worth $39.26 million more.
According to Zacks Investment Research, “Movado Group, Inc. is a designer, manufacturer and distributor of quality watches with prominent brands sold in almost every price category comprising the watch industry. The company’s watch brands include Movado, Concord, and ESQ.”
Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.04, from 0.84 in 2016Q1. The ratio improved, as 25 funds sold all Movado Group, Inc shares owned while 54 reduced positions. 25 funds bought stakes while 41 increased positions. They now own 14.76 million shares or 3.36% less from 15.28 million shares in 2016Q1.
Teton has 15,000 shares for 0.03% of their US portfolio. Gotham Asset reported 79,969 shares or 0.02% of all its holdings. Dupont Management holds 0.01% of its portfolio in Movado Group, Inc (NYSE:MOV) for 17,802 shares. Iat Reinsurance Ltd owns 47,000 shares or 0.71% of their US portfolio. Fmr Limited Liability Corporation accumulated 585,357 shares or 0% of the stock. Springbok Mgmt Ltd Liability has 0.05% invested in the company for 15,200 shares. Citadel Advsrs Ltd Liability Com owns 18,797 shares or 0% of their US portfolio. California State Teachers Retirement Sys has 0% invested in the company for 32,266 shares. Schwab Charles Management Incorporated holds 0% or 136,156 shares in its portfolio. Contrarius Investment Ltd accumulated 0.3% or 163,151 shares. Boothbay Fund Mgmt Ltd last reported 11,217 shares in the company. Principal Fincl Group Incorporated last reported 116,269 shares in the company. Qs Investors Limited Liability Corporation owns 258 shares or 0% of their US portfolio. Bnp Paribas Arbitrage has 5,923 shares for 0% of their US portfolio. Wellington Mgmt Grp Llp accumulated 55,834 shares or 0% of the stock.
Insider Transactions: Since June 10, 2016, the stock had 1 buy, and 0 sales for $98,100 net activity. GRINBERG EFRAIM also bought $98,100 worth of Movado Group, Inc (NYSE:MOV) shares.
More notable recent Movado Group, Inc (NYSE:MOV) news were published by: Businesswire.com which released: “Movado Group, Inc. Announces Third Quarter Results” on November 22, 2016, also Fool.com with their article: “Movado Group, Inc. Cuts Guidance” published on August 29, 2016, Fool.com published: “Movado Group, Inc. Dials Back Expectations” on April 01, 2016. More interesting news about Movado Group, Inc (NYSE:MOV) were released by: Seekingalpha.com and their article: “Movado Group’s (MOV) CEO Efraim Grinberg on Q3 2017 Results – Earnings Call …” published on November 22, 2016 as well as Fool.com‘s news article titled: “Movado Group, Inc. Dials Up Some EPS Growth” with publication date: November 28, 2015.
MOV Company Profile
Movado Group, Inc., incorporated on November 2, 1967, designs, sources, markets and distributes watches. The Firm operates through two divisions: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. The Retail segment includes the Company’s retail outlet stores. The Firm divides its business into two geographic locations: the United States activities and International, which includes the results of all other Company operations. The Firm has international activities in Europe, the Americas (excluding the United States), the Middle East and Asia. The Company’s portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.
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