Key Points
- Weyco Group VP Kevin Schiff sold 1,191 shares at an average price of $45.32, generating $53,976.12 and reducing his direct holdings by 4.12% to 27,733 shares.
- Weyco reported quarterly revenue of $62.22 million and earnings of $1.39 per share, with a 12.39% net margin and 14.18% return on equity.
- The company declared a quarterly dividend of $0.28 per share, or $1.12 annualized, representing a 2.4% yield; analysts’ average rating remains “Hold.”
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Kevin Schiff sold 1,191 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $45.32, for a total transaction of $53,976.12. Following the sale, the vice president directly owned 27,733 shares of the company's stock, valued at $1,256,859.56. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Weyco Group Trading Up 0.1%
WEYS opened at $46.22 on Tuesday. The company's 50 day moving average is $38.52 and its 200 day moving average is $34.94. The company has a market cap of $440.48 million, a price-to-earnings ratio of 12.73 and a beta of 0.88. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.68.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.18%. The business had revenue of $62.22 million during the quarter.
Weyco Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid 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 30.85%.
Hedge Funds Weigh In On Weyco Group
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Weyco Group during the second quarter valued at about $18,215,000. Bank of New York Mellon Corp bought a new position in shares of Weyco Group during the 2nd quarter valued at approximately $2,952,000. Citadel Advisors LLC purchased a new stake in shares of Weyco Group in the third quarter valued at $380,000. Arrowstreet Capital Limited Partnership purchased a new stake in Weyco Group in the 2nd quarter worth about $204,000. Finally, Deutsche Bank AG purchased a new stake in shares of Weyco Group in the second quarter worth approximately $235,000. Hedge funds and other institutional investors own 23.59% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on WEYS. Weiss Ratings reissued a "hold (c+)" rating on shares of Weyco Group in a report on Friday. Wall Street Zen raised Weyco Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".
View Our Latest Report on WEYS
Weyco Group Company Profile
(
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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