Key Points
- CFO Judy Anderson sold 1,555 Weyco Group shares at an average price of $44, generating $68,420 and reducing her ownership by 9.2% to 15,341 shares.
- Weyco Group reported quarterly EPS of $1.39 on revenue of $62.22 million and announced a quarterly dividend of $0.28 per share, equal to a 2.5% yield.
- The stock was trading near $44.54, with a market capitalization of approximately $425 million; analysts maintained a favorable outlook, with the stock carrying a consensus “Buy” rating.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 1,555 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $44.00, for a total transaction of $68,420.00. Following the completion of the transaction, the chief financial officer owned 15,341 shares in the company, valued at $675,004. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Judy Anderson also recently made the following trade(s):
- On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The stock was sold at an average price of $43.27, for a total transaction of $112,588.54.
Weyco Group Price Performance
Weyco Group stock opened at $44.54 on Wednesday. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $48.67. The firm has a fifty day moving average price of $42.65 and a two-hundred day moving average price of $37.42. The firm has a market cap of $425.36 million, a price-to-earnings ratio of 12.27 and a beta of 0.89.
Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $62.22 million for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.
Weyco Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 annualized dividend and a yield of 2.5%. Weyco Group's dividend payout ratio is presently 30.85%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker's stock worth $18,871,000 after buying an additional 5,294 shares in the last quarter. BlackRock Inc. bought a new position in Weyco Group during the second quarter valued at about $18,215,000. Bank of New York Mellon Corp acquired a new position in Weyco Group in the 2nd quarter valued at approximately $2,952,000. Empowered Funds LLC acquired a new position in Weyco Group in the 2nd quarter valued at approximately $2,116,000. Finally, Ritholtz Wealth Management lifted its position in shares of Weyco Group by 57.0% in the 1st quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker's stock worth $396,000 after acquiring an additional 4,486 shares during the period. Institutional investors and hedge funds own 23.59% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on WEYS. Weiss Ratings raised Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Wall Street Zen raised Weyco Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".
Get Our Latest Analysis on WEYS
Weyco Group Company Profile
(
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.
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