Weyco Group (NASDAQ:WEYS) CFO Sells $68,420.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,555 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $44.00, for a total transaction of $68,420.00. Following the transaction, the chief financial officer directly owned 15,341 shares of the company’s stock, valued at $675,004. This represents a 9.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Judy Anderson also recently made the following trade(s):

• On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The shares were sold at an average price of $43.27, for a total transaction of $112,588.54.

Weyco Group Stock Up 1.5%

Shares of WEYS opened at $44.49 on Friday. The stock has a market cap of $424.88 million, a P/E ratio of 12.26 and a beta of 0.89. The business’s 50 day moving average price is $42.91 and its 200-day moving average price is $37.59. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $48.67.

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

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WEYS. Bank of New York Mellon Corp bought a new stake in Weyco Group in the 2nd quarter worth about $2,952,000. BlackRock Inc. bought a new position in Weyco Group during the 2nd quarter valued at about $18,215,000. Empowered Funds LLC purchased a new stake in shares of Weyco Group during the 2nd quarter valued at about $2,116,000. Deutsche Bank AG purchased a new stake in shares of Weyco Group during the 2nd quarter valued at about $235,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Weyco Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after acquiring an additional 5,294 shares during the period. 23.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on WEYS shares. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

About Weyco Group

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men’s shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group’s brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.