Key Points
- Weyco Group VP Allison Woss sold 2,511 shares for approximately $109,555, reducing her direct ownership by 22.47% to 8,663 shares.
- Weyco reported quarterly EPS of $1.39 on revenue of $62.22 million and declared a quarterly dividend of $0.28, equal to a 2.4% annualized yield.
- WEYS shares opened at $46.17, near their 52-week high of $46.50, while analyst sentiment remained at a consensus “Hold”; institutional investors own 23.59% of the stock.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Allison Woss sold 2,511 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $43.63, for a total value of $109,554.93. Following the sale, the vice president directly owned 8,663 shares in the company, valued at $377,966.69. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Weyco Group Stock Performance
NASDAQ WEYS opened at $46.17 on Friday. The firm has a market capitalization of $440.09 million, a P/E ratio of 12.72 and a beta of 0.88. The stock has a 50-day simple moving average of $38.31 and a two-hundred day simple moving average of $34.80. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $46.50.
Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The firm had revenue of $62.22 million for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.
Weyco Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group's dividend payout ratio is currently 30.85%.
Analysts Set New Price Targets
Several research firms have recently weighed in on WEYS. Wall Street Zen raised shares of Weyco Group from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Weyco Group from a "buy (b)" rating to a "hold (c+)" rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".
View Our Latest Stock Report on WEYS
Institutional Investors Weigh In On Weyco Group
Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Weyco Group in the 2nd quarter valued at about $18,215,000. Deutsche Bank AG purchased a new position in Weyco Group during the second quarter worth approximately $235,000. Bank of New York Mellon Corp purchased a new position in Weyco Group during the second quarter worth approximately $2,952,000. Empowered Funds LLC grew its holdings 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 period. Finally, Dimensional Fund Advisors LP grew its holdings in Weyco Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker's stock valued at $18,871,000 after purchasing an additional 5,294 shares during the period. 23.59% of the stock is currently owned by institutional investors and hedge funds.
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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