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

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,100 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $43.00, for a total transaction of $47,300.00. Following the completion of the transaction, the insider owned 6,580 shares in the company, valued at approximately $282,940. This trade represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 52-week low of $27.25 and a 52-week high of $48.67. The stock has a market cap of $445.34 million, a PE ratio of 12.87 and a beta of 0.88. The business has a 50-day simple moving average of $39.00 and a 200-day simple moving average of $35.15.

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

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. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s dividend payout ratio is currently 30.85%.

Analyst Ratings Changes

WEYS has been the subject of a number of recent research reports. 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 research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co acquired a new stake in Weyco Group during the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets grew its stake in shares of Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Weyco Group during the fourth quarter worth $55,000. Tower Research Capital LLC TRC increased its position in shares of Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after acquiring 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 $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.