Weyco Group (NASDAQ:WEYS) VP Jeffrey Douglass Sells 633 Shares

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 633 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $35.86, for a total value of $22,699.38. Following the completion of the transaction, the vice president directly owned 8,178 shares in the company, valued at $293,263.08. The trade was a 7.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weyco Group Stock Performance

Shares of WEYS stock opened at $36.22 on Wednesday. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $37.25. The stock’s fifty day moving average is $34.61 and its 200-day moving average is $32.77. The stock has a market capitalization of $345.25 million, a PE ratio of 14.60 and a beta of 0.90.

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

Weyco Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a boost from Weyco Group’s previous quarterly dividend of $0.27. Weyco Group’s dividend payout ratio (DPR) is 45.16%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Weyco Group

Hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co bought a new position in shares of Weyco Group in the 4th quarter valued at $30,000. BNP Paribas Financial Markets increased 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. Tower Research Capital LLC TRC raised its position in Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Weyco Group during the fourth quarter valued at about $55,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Weyco Group in the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

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.