Movado (MOV) Director Richard Cote Sells 77,200 Shares

Movado (NYSE:MOV) Director Richard Cote sold 77,200 shares of the company’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $38.00, for a total value of $2,933,600.00. Following the transaction, the director now directly owns 22,929 shares in the company, valued at $871,302. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Richard Cote also recently made the following trade(s):

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  • On Tuesday, March 27th, Richard Cote sold 1,600 shares of Movado stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $29.07, for a total value of $14,535.00.
  • On Tuesday, January 30th, Richard Cote sold 1,600 shares of Movado stock. The shares were sold at an average price of $32.05, for a total value of $51,280.00.
  • On Tuesday, January 23rd, Richard Cote sold 1,600 shares of Movado stock. The shares were sold at an average price of $33.46, for a total value of $53,536.00.
  • On Tuesday, January 16th, Richard Cote sold 1,600 shares of Movado stock. The shares were sold at an average price of $32.49, for a total value of $51,984.00.

Movado stock opened at $38.55 on Friday. The firm has a market cap of $896.91, a P/E ratio of 19.55 and a beta of -0.16. Movado has a one year low of $20.50 and a one year high of $42.25.

Movado (NYSE:MOV) last posted its quarterly earnings data on Thursday, March 29th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.26. The company had revenue of $149.20 million during the quarter, compared to analysts’ expectations of $132.43 million. Movado had a positive return on equity of 9.78% and a negative net margin of 2.68%. Movado’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities analysts forecast that Movado will post 2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, April 10th. This is a boost from Movado’s previous quarterly dividend of $0.13. Movado’s dividend payout ratio is 26.00%.

A number of analysts recently commented on the company. ValuEngine upgraded Movado from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Movado from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, March 14th.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Movado by 4.5% during the fourth quarter. BlackRock Inc. now owns 2,052,460 shares of the company’s stock valued at $66,090,000 after acquiring an additional 89,273 shares during the last quarter. Royce & Associates LP increased its position in Movado by 15.3% during the fourth quarter. Royce & Associates LP now owns 510,826 shares of the company’s stock valued at $16,449,000 after acquiring an additional 67,677 shares during the last quarter. LSV Asset Management increased its position in Movado by 2.9% in the fourth quarter. LSV Asset Management now owns 230,672 shares of the company’s stock worth $7,427,000 after buying an additional 6,600 shares in the last quarter. Acadian Asset Management LLC increased its position in Movado by 69.0% in the fourth quarter. Acadian Asset Management LLC now owns 163,060 shares of the company’s stock worth $5,251,000 after buying an additional 66,580 shares in the last quarter. Finally, Foundry Partners LLC increased its position in Movado by 3.2% in the fourth quarter. Foundry Partners LLC now owns 150,505 shares of the company’s stock worth $4,846,000 after buying an additional 4,733 shares in the last quarter. Institutional investors own 66.06% of the company’s stock.

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Movado Company Profile

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 Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands.

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

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