Weyco Group (NASDAQ:WEYS) CFO Sells $75,931.56 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,263 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $60.12, for a total value of $75,931.56. Following the sale, the chief financial officer owned 15,341 shares in the company, valued at $922,300.92. The trade was a 7.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $44.00, for a total value of $68,420.00.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $60.90 on Thursday. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $68.39. The firm has a market cap of $581.60 million, a PE ratio of 14.69 and a beta of 0.91. The business has a fifty day moving average of $50.43 and a 200-day moving average of $39.69.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $77.02 million during the quarter. Weyco Group had a return on equity of 15.83% and a net margin of 13.96%.

Weyco Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Tuesday, November 17th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 17th. Weyco Group’s dividend payout ratio (DPR) is presently 27.12%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. 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. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management raised its position in shares of Weyco Group by 13.6% during the third quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker’s stock worth $1,117,000 after acquiring an additional 2,755 shares during the last quarter. Associated Banc Corp bought a new position in Weyco Group in the third quarter valued at about $2,164,000. Signaturefd LLC bought a new position in Weyco Group in the third quarter valued at about $49,000. Empowered Funds LLC bought a new position in Weyco Group in the second quarter valued at about $2,116,000. Finally, BlackRock Inc. bought a new position in Weyco Group in the second quarter valued at about $18,215,000. 23.59% of the stock is currently owned by institutional investors.

About Weyco Group

Weyco Group is a footwear company that designs, markets and distributes shoes under brands including Florsheim, Nunn Bush, Stacy Adams, BOGS and Rafters. Its products include dress and casual shoes, boots and other footwear for men, women and children. The company sells through wholesale customers and its own e-commerce and retail channels. Its footwear is marketed primarily in North America, with international operations and distribution in markets including Australia and South Africa. Weyco’s roots date to 1892, when the Weyenberg family began manufacturing shoes in Milwaukee, Wisconsin.