Movado Group, Inc. (NYSE: MOV) is -20.86% lower on its value in year-to-date trading and has touched a low of $23.08 and a high of $31.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MOV stock was last observed hovering at around $24.21 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $23.86, the stock is -0.78% and -3.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -1.45% at the moment leaves the stock -11.17% off its SMA200. MOV registered -11.00% loss for a year compared to 6-month loss of -17.18%.
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The stock witnessed a -4.83% gain in the last 1 month and extending the period to 3 months gives it a -9.96%, and is -3.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.98% over the week and 2.34% over the month.
Movado Group, Inc. (MOV) has around 1548 employees, a market worth around $529.93M and $664.37M in sales. Current P/E ratio is 13.37. Profit margin for the company is 6.09%. Distance from 52-week low is 3.38% and -24.11% from its 52-week high. The company has generated returns on investments over the last 12 months (6.96%).
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Movado Group, Inc. (MOV) Top Institutional Holders
219.0 institutions hold shares in Movado Group, Inc. (MOV), with institutional investors hold 103.52% of the company’s shares. The shares outstanding are 15.68M, and float is at 15.09M with Short Float at 5.28%. Institutions hold 100.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.47 million shares valued at $61.31 million. The investor’s holdings represent 11.083% of the MOV Shares outstanding. As of 2024-06-30, the second largest holder is ROYCE & ASSOCIATES LP with 1.43 million shares valued at $$35.66 million to account for 6.4458 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.21 million shares representing 5.4517% and valued at over $30.16 million, while VANGUARD GROUP INC holds 5.1172 of the shares totaling 1.14 million with a market value of $28.31 million.
Movado Group, Inc. (MOV) Insider Activity
The most recent transaction is an insider sale by Kennedy Michelle,the company’sSVP, Human Resources. SEC filings show that Kennedy Michelle sold 1,245 shares of the company’s common stock on Jul 17 ’24 at a price of $26.05 per share for a total of $32432.0. Following the sale, the insider now owns 12202.0 shares.
Movado Group, Inc. disclosed in a document filed with the SEC on Dec 22 ’23 that DEMARSILIS SALLIE A (Chief Financial Officer) sold a total of 31,630 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $30.62 per share for $0.97 million. Following the transaction, the insider now directly holds 66600.0 shares of the MOV stock.
Still, SEC filings show that on Dec 21 ’23, DEMARSILIS SALLIE A (Chief Financial Officer) disposed off 13,210 shares at an average price of $30.84 for $0.41 million. The insider now directly holds 66,600 shares of Movado Group, Inc. (MOV).
