Weyco Group (NASDAQ:WEYS) VP Sells $22,699.38 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 633 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $35.86, for a total transaction of $22,699.38. Following the transaction, the vice president owned 8,178 shares of the company’s stock, valued at $293,263.08. This trade represents a 7.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Weyco Group Price Performance

Shares of Weyco Group stock traded up $0.40 on Tuesday, reaching $36.68. The company had a trading volume of 7,205 shares, compared to its average volume of 14,509. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $37.25. The firm has a market cap of $349.56 million, a price-to-earnings ratio of 14.79 and a beta of 0.90. The firm’s 50-day moving average price is $34.53 and its two-hundred day moving average price is $32.73.

Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%. The firm had revenue of $68.01 million during the quarter.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.28 per share. This is a positive change from Weyco Group’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, May 19th. This represents a $1.12 annualized dividend and a yield of 3.1%. Weyco Group’s dividend payout ratio (DPR) is presently 45.16%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Weyco Group

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new stake in Weyco Group in the third quarter valued at $380,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Weyco Group in the 2nd quarter valued at about $204,000. Dimensional Fund Advisors LP boosted 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 buying an additional 5,294 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Weyco Group by 57.0% during the first quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker’s stock worth $396,000 after acquiring an additional 4,486 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Weyco Group by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock valued at $3,182,000 after acquiring an additional 4,186 shares in the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.

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.