Royce & Associates LP Reduces Stake in Movado Group, Inc.

Royce & Associates LP has filed an amendment to its Schedule 13G, reporting a reduction in its stake in Movado Group, Inc. As of September 30, 2025, Royce & Associates LP owns 1,238,420 shares, representing a 7.9% ownership in the company. This marks a decrease of 527,325 shares (29.86%) from its previous holdings. The filing indicates that various accounts managed by Royce & Associates LP have the right to receive dividends or direct the sale of shares. Notably, the Royce Small-Cap Special Equity Fund, managed by Royce & Associates LP, holds 1,151,500 shares, or 7.34% of the total shares outstanding. The filing also clarifies that Royce & Associates LP exercises voting and investment powers independently from its parent company, Franklin Resources, Inc., and other affiliates.