UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Under the Securities Exchange Act of 1934)
(Amendment No. 2)*
MOVADO GROUP INC
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
624580106
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(Cusip Number)
December 31, 2003
______________________________________
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant
to which this schedule is filed:
[X] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing of this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in
a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act, but shall be subject to all
other provisions of the Act (however, see the Notes.)
[Continued on the following page(s)]
Page 1 of 4 Pages
CUSIP No. 624580106 Page 2 of 4 Pages
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
David L. Babson & Company Inc.
04-1054788
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2. Check the appropriate box if a member of a group
(a)( )
(b)( X )
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3. SEC use only
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4. Citizenship or place of organization
Massachusetts
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Number of shares beneficially owned by each reporting person with
5. Sole Voting Power
420,950.51
___________________
6. Shared Voting Power
301,000
__________________________
7. Sole Dispositive Power
721,950.51
_______________________________
8. Shared Dispositive Power
0
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9. Aggregate amount beneficially owned by each reporting person
721,950.51
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10. Check if the aggregate amount in row (9) excludes certain shares*
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11. Percent of class represented by amount in row 9.
8.29%
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12. Type of Reporting person
IA
Page 3 of 4 Pages Cusip #: 624580106
SCHEDULE 13G
ITEM 1(A): NAME OF ISSUER:
MOVADO GROUP INC
1(B): ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
125 Chubb Avenue
Lyndhurst, NJ 07071
ITEM 2(A): NAME OF PERSON FILING:
David L. Babson & Company Inc. ("DLB")
ITEM 2(B): ADDRESS OF PRINCIPAL BUSINESS OFFICE:
One Memorial Drive
Cambridge, Massachusetts 02142-1300
ITEM 2(C): CITIZENSHIP:
See Item 4 of Cover Page
ITEM 2(D): TITLE OF CLASS OF SECURITIES:
See Cover Page
ITEM 2(E): CUSIP NUMBER:
See Cover Page
ITEM 3: TYPE OF REPORTING PERSON:
If this statement is filed pursuant to Sections 240.13d-1 (b)
or 240.13d-2 (b) or (c), check whether the filing person is a:
(e) [x] An investment adviser in accordance with
Section 240.13d-1 (b) (1) (ii) (E)
ITEM 4: OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED: DLB, in its capacity as
investment adviser, may be deemed the beneficial owner of 721,950.51
shares of common stock of the Issuer.
(b) PERCENT OF CLASS: 8.29%
(c) For information on voting and dispositive power with respect to the
above-listed shares, see Items 5 - 8 of Cover Page.
Page 4 of 4 Pages Cusip #:624580106
ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
N/A
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
N/A
ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
Not Applicable
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9: NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10: CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or
effect.
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Date: February 3, 2004
Signature: --//Sandra L. Doyle//--
Name/Title: SANDRA L. DOYLE
Compliance Officer
Re: SCHEDULE 13G ON BEHALF OF MOVADO GROUP INC FOR THE YEAR
ENDING DECEMBER 31, 2003
February 3, 2004
Securities and Exchange Commission
Operations Center
Attn: Stop 0-7
6432 General Green Way
Alexandria, VA 22312-2413
Re: SCHEDULE 13G ON BEHALF OF MOVADO GROUP INC FOR THE YEAR
ENDING DECEMBER 31, 2003
Dear Sir or Madam:
David L. Babson & Company Inc. is filing today an amendment to Schedule
13G through the EDGAR system, as required by Section 240.13d-1 (b) to
reflect a change in beneficial ownership of the outstanding stock of
the above-mentioned issuer.
Please note that the shares as to which this Schedule is filed are
owned by various investment advisory clients of David L. Babson &
Company Inc., which may have been deemed a beneficial owner of the shares
only by virtue of the direct or indirect investment discretion it
possessed pursuant to the provisions of investment advisory agreements
with such clients.
A copy of the Schedule 13G is being sent to the issuer as required
by Rule 13d-7.
Comments or questions concerning the above may be directed to the
undersigned at (617) 761-3815.
Sincerely,
// Sandra L. Doyle //
SANDRA L. DOYLE
Compliance Officer