Weyco Group (NASDAQ:WEYS) VP Allison Woss Sells 2,511 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 2,511 shares of Weyco Group stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $43.63, for a total transaction of $109,554.93. Following the sale, the vice president owned 8,663 shares of the company’s stock, valued at $377,966.69. The trade was a 22.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weyco Group Price Performance

Weyco Group stock opened at $46.17 on Friday. The stock has a market cap of $440.09 million, a price-to-earnings ratio of 12.72 and a beta of 0.88. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $46.50. The firm has a 50-day moving average of $38.31 and a two-hundred day moving average of $34.80.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The business had revenue of $62.22 million for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.18%.

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 yield of 2.4%. Weyco Group’s dividend payout ratio is 30.85%.

Institutional Trading of Weyco Group

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Weyco Group during the 2nd quarter valued at $18,215,000. Deutsche Bank AG acquired a new position in shares of Weyco Group during the second quarter valued at about $235,000. Bank of New York Mellon Corp purchased a new position in shares of Weyco Group in the second quarter worth $2,952,000. Empowered Funds LLC raised its stake in Weyco Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock worth $1,724,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Weyco Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after purchasing an additional 5,294 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Weyco Group has an average rating of “Hold”.

Weyco Group Company Profile

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.