Weyco Group (NASDAQ:WEYS) Insider Sells $47,300.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,100 shares of Weyco Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $47,300.00. Following the completion of the transaction, the insider owned 6,580 shares in the company, valued at approximately $282,940. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Weyco Group Stock Performance

Shares of WEYS opened at $45.80 on Friday. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $48.67. The company has a market capitalization of $436.47 million, a price-to-earnings ratio of 12.62 and a beta of 0.88. The firm has a 50-day simple moving average of $39.20 and a 200-day simple moving average of $35.25.

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

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 2.4%. Weyco Group’s payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WEYS shares. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Weyco Group in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Weyco Group currently has an average rating of “Hold”.

Institutional Trading of Weyco Group

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Weyco Group in the second quarter worth $18,215,000. Deutsche Bank AG purchased a new stake in shares of Weyco Group during the 2nd quarter worth $235,000. Bank of New York Mellon Corp purchased a new stake in shares of Weyco Group during the 2nd quarter worth $2,952,000. Empowered Funds LLC grew its stake in shares of Weyco Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock worth $1,724,000 after purchasing an additional 1,787 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Weyco Group by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after purchasing an additional 5,294 shares in the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

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.