Key Points
- Weyco VP Dustin Combs sold 1,059 shares on November 26 at an average price of $30.09 for $31,865, reducing his position by 23.46% to 3,455 shares.
- The company declared a quarterly dividend of $0.27 per share (annualized $1.08), representing a 3.6% yield, payable January 9 with an ex-dividend date of November 17.
- Weyco (NASDAQ:WEYS) trades around $30 with a market cap of $286.5M, P/E of 11.16, a 52‑week range of $25.51–$38.24, and a consensus analyst rating of "Hold."
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 1,059 shares of Weyco Group stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $30.09, for a total transaction of $31,865.31. Following the transaction, the vice president owned 3,455 shares in the company, valued at $103,960.95. This represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Dustin Combs also recently made the following trade(s):
- On Thursday, September 11th, Dustin Combs sold 585 shares of Weyco Group stock. The stock was sold at an average price of $29.92, for a total value of $17,503.20.
Weyco Group Stock Performance
Shares of Weyco Group stock opened at $30.01 on Tuesday. The stock has a market cap of $286.54 million, a P/E ratio of 11.16 and a beta of 0.97. The stock's fifty day moving average is $29.87 and its 200 day moving average is $30.74. Weyco Group, Inc. has a one year low of $25.51 and a one year high of $38.24.
Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The textile maker reported $0.69 EPS for the quarter. Weyco Group had a return on equity of 10.34% and a net margin of 9.20%.The business had revenue of $73.12 million during the quarter.
Weyco Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. Weyco Group's dividend payout ratio (DPR) is presently 42.52%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Weyco Group in a report on Monday, November 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".
Read Our Latest Stock Report on WEYS
Institutional Trading of Weyco Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker's stock worth $48,000 after purchasing an additional 832 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock valued at $59,000 after buying an additional 1,133 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Weyco Group in the third quarter worth $105,000. Voya Investment Management LLC purchased a new position in shares of Weyco Group in the first quarter worth $201,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Weyco Group during the second quarter worth $204,000. Institutional investors own 23.59% of the company's stock.
About Weyco Group
(
Get Free Report)
Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
