Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson Sells 2,893 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the sale, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. This trade represents a 18.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Weyco Group Price Performance

NASDAQ WEYS opened at $38.89 on Friday. The stock’s 50 day simple moving average is $34.45 and its 200-day simple moving average is $32.24. The company has a market cap of $369.07 million, a PE ratio of 12.88 and a beta of 0.71. Weyco Group, Inc. has a 1-year low of $27.05 and a 1-year high of $41.05.

Weyco Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be paid a $2.26 dividend. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a yield of 23.25%. The ex-dividend date of this dividend is Monday, November 18th. Weyco Group’s dividend payout ratio is currently 34.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Weyco Group in the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC grew its stake in Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 1,654 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Weyco Group by 34.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after acquiring an additional 511 shares during the last quarter. Barclays PLC lifted its stake in Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after purchasing an additional 5,803 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Weyco Group by 23.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after purchasing an additional 1,893 shares during the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.