Key Points
- Weyco Group CFO Judy Anderson sold 1,263 shares at an average price of $60.12, for about $75,932; she retained 15,341 shares after the sale.
- The company reported quarterly earnings of $1.19 per share on revenue of $77.02 million.
- Weyco announced a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a 1.8% yield.
Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 1,263 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $60.12, for a total value of $75,931.56. Following the transaction, the chief financial officer directly owned 15,341 shares in the company, valued at $922,300.92. This represents a 7.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Judy Anderson also recently made the following trade(s):
- On Monday, September 14th, Judy Anderson sold 1,555 shares of Weyco Group stock. The stock was sold at an average price of $44.00, for a total value of $68,420.00.
Weyco Group Trading Up 0.1%
Weyco Group stock opened at $60.76 on Tuesday. The firm has a market capitalization of $580.26 million, a price-to-earnings ratio of 15.64 and a beta of 0.91. The firm has a 50 day simple moving average of $49.78 and a 200 day simple moving average of $39.40. Weyco Group, Inc. has a 1-year low of $27.25 and a 1-year high of $68.39.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share for the quarter. The firm had revenue of $77.02 million for the quarter. Weyco Group had a return on equity of 16.11% and a net margin of 13.96%.
Weyco Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Tuesday, November 17th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, November 17th. Weyco Group's dividend payout ratio is currently 27.12%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Weyco Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".
View Our Latest Analysis on WEYS
Hedge Funds Weigh In On Weyco Group
Several hedge funds have recently made changes to their positions in WEYS. Ritholtz Wealth Management raised its holdings in Weyco Group by 13.6% in the 3rd quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker's stock worth $1,117,000 after purchasing an additional 2,755 shares in the last quarter. Associated Banc Corp purchased a new stake in shares of Weyco Group in the 3rd quarter worth approximately $2,164,000. Signaturefd LLC bought a new position in shares of Weyco Group during the third quarter valued at $49,000. Empowered Funds LLC purchased a new position in Weyco Group in the second quarter worth about $2,116,000. Finally, BlackRock Inc. purchased a new position in Weyco Group in the 2nd quarter worth approximately $18,215,000. 23.59% of the stock is owned by hedge funds and other institutional investors.
Weyco Group Company Profile
(
Get Free Report)
Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men's shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.
The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.
Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.
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