Weyco Group (NASDAQ:WEYS) VP Sells $53,976.12 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Kevin Schiff sold 1,191 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $45.32, for a total value of $53,976.12. Following the completion of the sale, the vice president directly owned 27,733 shares in the company, valued at approximately $1,256,859.56. This represents a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Weyco Group Stock Down 0.3%

Shares of WEYS stock opened at $46.73 on Thursday. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67. The company has a market capitalization of $445.34 million, a P/E ratio of 12.87 and a beta of 0.88. The firm has a 50-day moving average price of $39.00 and a 200 day moving average price of $35.15.

Weyco Group (NASDAQ:WEYS) last released its quarterly 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s dividend payout ratio (DPR) is currently 30.85%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEYS. CANADA LIFE ASSURANCE Co acquired a new stake in Weyco Group in the 4th quarter valued at about $30,000. BNP Paribas Financial Markets raised its stake in Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after buying an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Weyco Group in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its stake in Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,133 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Weyco Group in the fourth quarter valued at approximately $72,000. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Weyco Group in a report on Friday, August 7th. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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.