Weyco Group (NASDAQ:WEYS) Insider Damian Walton Sells 1,100 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $43.00, for a total value of $47,300.00. Following the transaction, the insider owned 6,580 shares of the company’s stock, valued at approximately $282,940. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Weyco Group Price Performance

Shares of WEYS stock opened at $46.88 on Wednesday. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67. The firm has a market capitalization of $446.77 million, a price-to-earnings ratio of 12.91 and a beta of 0.88. The business has a 50 day simple moving average of $38.75 and a 200 day simple moving average of $35.04.

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

Weyco Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s dividend payout ratio (DPR) is 30.85%.

Hedge Funds Weigh In On Weyco Group

Several hedge funds have recently modified their holdings of WEYS. Empowered Funds LLC lifted its holdings in shares of Weyco Group by 8.2% in the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,285 shares during the period. Geode Capital Management LLC grew its holdings in Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after acquiring an additional 2,224 shares during the period. Rhumbline Advisers grew its holdings in Weyco Group by 21.1% during the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock worth $364,000 after acquiring an additional 1,917 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Weyco Group in the second quarter worth about $204,000. Finally, Bridgeway Capital Management LLC raised its position in Weyco Group by 4.6% in the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after acquiring an additional 4,186 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEYS has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Weyco Group in a report on Friday. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus 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.