SCHEDULE: Royce & Associates Updates Movado Group Stake

Royce & Associates LP has filed an amended Schedule 13G, reporting a 6.71% beneficial ownership stake in Movado Group, Inc. common stock.

Summary

• Royce & Associates LP, an investment adviser, beneficially owns 1,052,461 shares of Movado Group, Inc. common stock.
• This ownership represents 6.71% of the total class of securities outstanding.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 1,052,461 shares.
• The filing is an Amendment No. 17 to a previously filed Schedule 13G.
• One specific account managed by Royce & Associates, LP, the Royce Small-Cap Special Equity Fund, holds 1,005,000 shares, representing 6.41% of the total shares outstanding.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of beneficial ownership by an investment adviser, not a performance report or strategic announcement.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Movado Group, Inc.'s future performance or operations.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide information related to broader industry trends or competitive analysis for Movado Group, Inc. It reflects an investment adviser's position in the company.

Stakeholder Impact

• Shareholders: Provides transparency on institutional ownership and the composition of the shareholder base.

Key Dates

Keywords

Movado Group, Royce & Associates, Schedule 13G, beneficial ownership, common stock, investment adviser, institutional ownership