Key Points
- Weyco Group VP Dustin Combs sold 1,096 shares at an average price of $44.64, generating proceeds of $48,925.44 and reducing his direct ownership by 20% to 4,384 shares.
- WEYS shares opened at $45.39, near their 12-month high of $48.67. The company reported quarterly EPS of $1.39 on revenue of $62.22 million and maintains a $0.28 quarterly dividend, equivalent to a 2.5% yield.
- Analyst sentiment remains positive, with the stock holding a consensus “Buy” rating; institutional investors and hedge funds own 23.59% of outstanding shares.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 1,096 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $44.64, for a total value of $48,925.44. Following the completion of the transaction, the vice president directly owned 4,384 shares of the company's stock, valued at $195,701.76. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Weyco Group Trading Up 1.2%
WEYS stock opened at $45.39 on Friday. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $48.67. The company's 50 day moving average is $41.19 and its two-hundred day moving average is $36.28. The stock has a market cap of $433.47 million, a P/E ratio of 12.50 and a beta of 0.88.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly 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 net margin of 12.39% and a return on equity of 14.04%.
Weyco Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.12 annualized dividend and a yield of 2.5%. Weyco Group's payout ratio is 30.85%.
Hedge Funds Weigh In On Weyco Group
Institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Weyco Group during the fourth quarter worth about $30,000. BNP Paribas Financial Markets raised its holdings in Weyco Group by 107.1% during the third 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. Northwestern Mutual Wealth Management Co. acquired a new stake in Weyco Group in the fourth quarter valued at about $55,000. Tower Research Capital LLC TRC lifted its position in Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock valued at $59,000 after purchasing an additional 1,133 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Weyco Group in the 4th quarter valued at approximately $72,000. 23.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WEYS shares. Wall Street Zen raised shares of Weyco Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".
Check Out Our Latest Research Report on Weyco Group
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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