Richard Cote Sells 1,200 Shares of Movado (NYSE:MOV) Stock

Movado (NYSE:MOV) Director Richard Cote sold 1,200 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $31.98, for a total value of $38,376.00. Following the sale, the director now owns 389,896 shares of the company’s stock, valued at $12,468,874.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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  • 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 transaction 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 transaction 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 transaction of $41,600.00.
  • 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 transaction 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 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.
  • On Tuesday, January 30th, Richard Cote sold 1,600 shares of Movado stock. The stock was 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 stock was sold at an average price of $33.46, for a total transaction of $53,536.00.
  • On Tuesday, January 16th, Richard Cote sold 1,600 shares of Movado stock. The stock was sold at an average price of $32.49, for a total transaction of $51,984.00.

NYSE MOV traded down $0.55 during trading hours on Friday, hitting $38.55. The company’s stock had a trading volume of 149,948 shares, compared to its average volume of 238,361. Movado has a 52 week low of $20.50 and a 52 week high of $42.25. The stock has a market cap of $896.91, a price-to-earnings ratio of 19.28 and a beta of -0.16.

Movado (NYSE:MOV) last posted its earnings results on Thursday, March 29th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.26. Movado had a negative net margin of 2.68% and a positive return on equity of 9.78%. The firm had revenue of $149.20 million for the quarter, compared to analysts’ expectations of $132.43 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. equities analysts predict that Movado will post 2.23 EPS for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new stake in shares of Movado during the 3rd quarter worth approximately $412,000. California Public Employees Retirement System increased its stake in shares of Movado by 5.6% during the 4th quarter. California Public Employees Retirement System now owns 65,131 shares of the company’s stock worth $2,097,000 after purchasing an additional 3,427 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Movado during the 3rd quarter worth approximately $354,000. Schwab Charles Investment Management Inc. increased its stake in shares of Movado by 21.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 126,240 shares of the company’s stock worth $4,065,000 after purchasing an additional 22,600 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Movado during the 3rd quarter worth approximately $307,000. 66.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on MOV. Zacks Investment Research cut shares of Movado from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. ValuEngine raised shares of Movado from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

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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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