Key Points
- Director Tina Chang sold 3,000 Weyco Group shares at an average price of $45.07, generating $135,210. She continues to own 17,833 shares, with the transaction reducing her position by 14.4%.
- Weyco Group shares opened at $44.19, down 1.4%, while the company reported quarterly EPS of $1.39 on revenue of $62.22 million.
- The company declared a quarterly dividend of $0.28 per share, equivalent to an annualized $1.12 payout and a 2.5% yield; analysts tracked by MarketBeat maintain an average “Buy” rating.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) Director Tina Chang sold 3,000 shares of Weyco Group stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $45.07, for a total transaction of $135,210.00. Following the completion of the transaction, the director directly owned 17,833 shares of the company's stock, valued at approximately $803,733.31. This represents a 14.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Weyco Group Trading Down 1.4%
Shares of NASDAQ WEYS opened at $44.19 on Friday. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67. The company has a market cap of $422.01 million, a price-to-earnings ratio of 12.17 and a beta of 0.89. The stock's 50 day simple moving average is $41.72 and its 200 day simple moving average is $36.68.
Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.The firm had revenue of $62.22 million during the quarter.
Weyco Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 annualized dividend and a dividend yield of 2.5%. Weyco Group's dividend payout ratio is currently 30.85%.
Institutional Investors Weigh In On Weyco Group
A number of institutional investors have recently bought and sold shares of WEYS. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Weyco Group in the fourth quarter worth approximately $30,000. BNP Paribas Financial Markets raised its holdings in shares of 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 acquiring an additional 832 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Weyco Group during the fourth quarter valued at $55,000. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Weyco Group in the fourth quarter valued at about $72,000. 23.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on WEYS shares. Weiss Ratings raised Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Wall Street Zen raised Weyco Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Stock Analysis 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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