Key Points
- Weyco Group VP Dustin Combs sold 290 shares at an average price of $44.17, generating $12,809.30 and reducing his holdings by 6.61% to 4,094 shares. He also sold 1,096 shares in late August.
- Weyco reported quarterly revenue of $62.22 million and earnings of $1.39 per share, with a 12.39% net margin and 14.04% return on equity.
- The company declared a quarterly dividend of $0.28 per share, or $1.12 annualized, representing a 2.5% yield; analysts tracked in the article give WEYS an overall “Buy” rating.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 290 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $44.17, for a total transaction of $12,809.30. Following the completion of the transaction, the vice president owned 4,094 shares of the company's stock, valued at $180,831.98. This represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dustin Combs also recently made the following trade(s):
- On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The shares were sold at an average price of $44.64, for a total transaction of $48,925.44.
Weyco Group Trading Down 0.6%
WEYS stock opened at $44.61 on Friday. The company's 50-day moving average price is $42.30 and its 200 day moving average price is $37.14. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $48.67. The company has a market cap of $426.03 million, a P/E ratio of 12.29 and a beta of 0.89.
Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The company had revenue of $62.22 million during the quarter.
Weyco Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be issued a $0.28 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.5%. Weyco Group's dividend payout ratio is currently 30.85%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co acquired a new position in shares of Weyco Group during the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets grew its holdings in Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker's stock valued at $48,000 after buying an additional 832 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Weyco Group during the fourth quarter worth $55,000. Tower Research Capital LLC TRC increased its position in Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock worth $59,000 after buying an additional 1,133 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Weyco Group in the fourth quarter worth $72,000. 23.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WEYS has been the subject of several research reports. Wall Street Zen raised Weyco Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Weiss Ratings raised 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 data from MarketBeat.com, the company presently has an average rating of "Buy".
Get Our Latest Stock Analysis on WEYS
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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