Key Points
- Weyco Group VP Dustin Combs sold 308 shares at an average price of $44.36, totaling $13,662.88. He retained 3,786 shares after the transaction, following additional sales of 290 and 1,096 shares in recent weeks.
- Weyco reported quarterly earnings of $1.39 per share on revenue of $62.22 million, with a 12.39% net margin and 14.04% return on equity.
- The company declared a quarterly dividend of $0.28, equivalent to $1.12 annually and a 2.5% yield. Institutional investors own 23.59% of the stock, while analyst coverage gives WEYS an overall “Buy” rating.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 308 shares of Weyco Group stock in a transaction on Friday, September 11th. The shares were sold at an average price of $44.36, for a total transaction of $13,662.88. Following the completion of the sale, the vice president directly owned 3,786 shares of the company's stock, valued at approximately $167,946.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Dustin Combs also recently made the following trade(s):
- On Thursday, September 10th, Dustin Combs sold 290 shares of Weyco Group stock. The stock was sold at an average price of $44.17, for a total transaction of $12,809.30.
- 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 Price Performance
Shares of NASDAQ WEYS opened at $44.13 on Tuesday. The company has a 50-day moving average price of $42.51 and a 200-day moving average price of $37.33. The stock has a market capitalization of $421.44 million, a P/E ratio of 12.16 and a beta of 0.89. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $48.67.
Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share 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 for the quarter.
Weyco Group Announces Dividend
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. The ex-dividend date of this dividend 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 30.85%.
Institutional Investors Weigh In On Weyco Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Weyco Group during the 2nd quarter worth approximately $2,952,000. BlackRock Inc. purchased a new stake in shares of Weyco Group during the second quarter valued at approximately $18,215,000. Empowered Funds LLC purchased a new stake in shares of Weyco Group during the second quarter valued at approximately $2,116,000. California State Teachers Retirement System lifted its holdings in Weyco Group by 901.2% during the second quarter. California State Teachers Retirement System now owns 3,304 shares of the textile maker's stock worth $130,000 after acquiring an additional 2,974 shares during the period. Finally, Deutsche Bank AG bought a new stake in Weyco Group during the second quarter worth $235,000. Hedge funds and other institutional investors own 23.59% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on WEYS. Wall Street Zen raised Weyco Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Weiss Ratings raised Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".
View Our Latest Report on Weyco Group
About Weyco Group
(
Get Free Report)
Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men's shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.
Weyco Group's brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
