Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Jeffrey Douglass sold 400 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $36.35, for a total value of $14,540.00. Following the completion of the transaction, the vice president owned 7,778 shares in the company, valued at $282,730.30. The trade was a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Weyco Group Stock Down 0.2%
WEYS opened at $36.22 on Wednesday. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $37.25. The company has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $32.77. The stock has a market capitalization of $345.25 million, a price-to-earnings ratio of 14.60 and a beta of 0.90.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The textile maker reported $0.64 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%. The firm had revenue of $68.01 million for the quarter.
Weyco Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, May 19th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.12 annualized dividend and a dividend yield of 3.1%. This is a positive change from Weyco Group's previous quarterly dividend of $0.27. Weyco Group's dividend payout ratio (DPR) is 45.16%.
Institutional Trading of Weyco Group
Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in Weyco Group by 3.4% in the first quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker's stock valued at $1,724,000 after purchasing an additional 1,787 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Weyco Group by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker's stock valued at $18,871,000 after buying an additional 5,294 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Weyco Group by 57.0% during the 1st quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker's stock worth $396,000 after acquiring an additional 4,486 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Weyco Group by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker's stock worth $3,078,000 after buying an additional 2,226 shares in the last quarter. Finally, Barclays PLC raised its stake in Weyco Group by 9.9% in the fourth quarter. Barclays PLC now owns 9,615 shares of the textile maker's stock valued at $294,000 after purchasing an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 23.59% of the company's stock.
Wall Street Analyst Weigh In
WEYS has been the subject of a number of recent research reports. Wall Street Zen raised Weyco Group from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings cut Weyco Group from a "buy (b)" rating to a "hold (c+)" rating in a report on Monday, May 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Weyco Group currently has an average rating of "Hold".
Check Out Our Latest Stock Report on Weyco Group
About Weyco Group
(
Get Free Report)
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.
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