Weyco Group (NASDAQ:WEYS) VP Sells $14,540.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 400 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $36.35, for a total value of $14,540.00. Following the completion of the sale, the vice president directly owned 7,778 shares in the company, valued at $282,730.30. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weyco Group Trading Up 1.1%

NASDAQ WEYS traded up $0.40 during trading on Tuesday, hitting $36.68. 7,205 shares of the company’s stock were exchanged, compared to its average volume of 14,509. The company has a market cap of $349.56 million, a PE ratio of 14.79 and a beta of 0.90. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $37.25. The stock’s 50 day moving average price is $34.53 and its two-hundred day moving average price is $32.73.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share for the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%. The company had revenue of $68.01 million for the quarter.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, May 19th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, May 19th. This is an increase from Weyco Group’s previous quarterly dividend of $0.27. Weyco Group’s dividend payout ratio is 45.16%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Weyco Group by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after buying an additional 5,294 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in shares of Weyco Group during the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in Weyco Group in the 4th quarter worth approximately $72,000. Northwestern Mutual Wealth Management Co. purchased a new position in Weyco Group in the 4th quarter worth approximately $55,000. Finally, BNP Paribas Financial Markets lifted its holdings in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after purchasing an additional 832 shares in the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WEYS has been the subject of several research analyst reports. Weiss Ratings lowered shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.