Weyco Group (NASDAQ:WEYS) VP Sells $109,554.93 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 2,511 shares of Weyco Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $43.63, for a total transaction of $109,554.93. Following the completion of the transaction, the vice president directly owned 8,663 shares in the company, valued at $377,966.69. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Weyco Group Price Performance

WEYS traded up $1.26 during trading on Friday, hitting $45.17. 27,914 shares of the stock traded hands, compared to its average volume of 16,306. The business has a 50 day moving average price of $38.10 and a 200 day moving average price of $34.72. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $46.50. The company has a market cap of $430.47 million, a price-to-earnings ratio of 12.44 and a beta of 0.88.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.The firm had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.5%. Weyco Group’s dividend payout ratio is 45.16%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of 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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Weyco Group

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of Weyco Group during the second quarter worth $2,952,000. CANADA LIFE ASSURANCE Co acquired a new position in Weyco Group during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Weyco Group in the 4th quarter valued at about $72,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Weyco Group in the fourth quarter valued at about $55,000. Finally, BNP Paribas Financial Markets raised its position in shares of Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

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.