Weyco Group (NASDAQ:WEYS) VP Sells $48,925.44 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 1,096 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $44.64, for a total transaction of $48,925.44. Following the completion of the sale, the vice president owned 4,384 shares of the company’s stock, valued at $195,701.76. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Weyco Group Trading Up 2.3%

Shares of WEYS stock traded up $1.02 during trading hours on Friday, reaching $45.86. 5,455 shares of the stock were exchanged, compared to its average volume of 16,955. The firm has a market capitalization of $437.96 million, a price-to-earnings ratio of 12.63 and a beta of 0.88. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67. The company’s 50-day moving average price is $41.03 and its 200-day moving average price is $36.21.

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. The company had revenue of $62.22 million for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%.

Weyco Group Announces Dividend

The firm also recently declared 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. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s dividend payout ratio is presently 30.85%.

Hedge Funds Weigh In On Weyco Group

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after acquiring an additional 5,294 shares in the last quarter. BlackRock Inc. purchased a new position in Weyco Group during the 2nd quarter worth $18,215,000. Vanguard Group Inc. increased its holdings in Weyco Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after purchasing an additional 2,792 shares during the period. Geode Capital Management LLC raised its position in Weyco Group by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after purchasing an additional 2,224 shares in the last quarter. Finally, State Street Corp raised its position in Weyco Group by 2.4% during the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock valued at $3,304,000 after purchasing an additional 2,381 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.