Weyco Group (NASDAQ:WEYS) Director Tina Chang Sells 3,000 Shares

Weyco Group, Inc. (NASDAQ:WEYS) Director Tina Chang sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $45.07, for a total transaction of $135,210.00. Following the transaction, the director directly owned 17,833 shares in the company, valued at $803,733.31. The trade was a 14.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Weyco Group Price Performance

Shares of NASDAQ:WEYS opened at $44.19 on Friday. The business has a 50-day moving average of $41.72 and a two-hundred day moving average of $36.68. The firm has a market capitalization of $422.01 million, a PE ratio of 12.17 and a beta of 0.89. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $48.67.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The company had revenue of $62.22 million during the quarter.

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 annualized dividend and a dividend yield of 2.5%. Weyco Group’s payout ratio is presently 30.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WEYS. Empowered Funds LLC increased its stake in Weyco Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock worth $1,316,000 after buying an additional 3,285 shares during the period. Geode Capital Management LLC boosted its position in Weyco Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after buying an additional 2,224 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Weyco Group by 21.1% during the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock valued at $364,000 after acquiring an additional 1,917 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Weyco Group during the second quarter worth about $204,000. Finally, Bridgeway Capital Management LLC increased its position in shares of Weyco Group by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after acquiring an additional 4,186 shares during the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WEYS. Weiss Ratings upgraded Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Weyco Group has a consensus rating of “Buy”.

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.