Movado Group Inc (NYSE:MOV) Institutional Investors Sentiment Change

April 16, 2018 - By Michael Collier

Sentiment for Movado Group Inc (NYSE:MOV)

Movado Group Inc (NYSE:MOV) institutional sentiment decreased to 1.26 in 2017 Q4. Its down -0.37, from 1.63 in 2017Q3. The ratio worsened, as 77 investment professionals increased and started new positions, while 61 reduced and sold their stock positions in Movado Group Inc. The investment professionals in our partner’s database reported: 14.64 million shares, up from 14.43 million shares in 2017Q3. Also, the number of investment professionals holding Movado Group Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 51 Increased: 43 New Position: 34.

Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company has market cap of $911.83 million. The firm operates in two divisions, Wholesale and Retail. It currently has negative earnings. The firm offers its watches under the Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands.

The stock increased 0.89% or $0.35 during the last trading session, reaching $39.75. About 29,294 shares traded. Movado Group, Inc. (NYSE:MOV) has risen 36.40% since April 16, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Alphaone Investment Services Llc holds 1.67% of its portfolio in Movado Group, Inc. for 171,543 shares. Matarin Capital Management Llc owns 147,995 shares or 0.37% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.33% invested in the company for 84,350 shares. The Ohio-based Bowling Portfolio Management Llc has invested 0.31% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 437,926 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 19 sales for $10.73 million activity.

Movado Group, Inc. (NYSE:MOV) Ratings Coverage

Ratings analysis reveals 0 of Movado Group’s analysts are positive. Out of 2 Wall Street analysts rating Movado Group, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $32.0 while the high is $4200. The stock’s average target of $42 is 5.66% above today’s ($39.75) share price. MOV was included in 3 notes of analysts from November 21, 2017. Cowen & Co maintained it with “Hold” rating and $4200 target in Monday, April 9 report. The firm has “Hold” rating given on Tuesday, November 21 by KeyBanc Capital Markets. Cowen & Co maintained Movado Group, Inc. (NYSE:MOV) rating on Tuesday, November 21. Cowen & Co has “Hold” rating and $32.0 target.

Movado Group, Inc. (NYSE:MOV) Institutional Positions Chart

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