Weyco Group (NASDAQ:WEYS) VP Sells $109,554.93 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 2,511 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $43.63, for a total value of $109,554.93. Following the completion of the sale, the vice president owned 8,663 shares of the company’s stock, valued at approximately $377,966.69. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Weyco Group Price Performance

Shares of WEYS stock opened at $46.17 on Monday. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $46.50. The company has a market cap of $440.00 million, a PE ratio of 12.72 and a beta of 0.88. The business’s 50 day moving average is $38.31 and its two-hundred day moving average is $34.82.

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

Weyco Group Dividend Announcement

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

Hedge Funds Weigh In On Weyco Group

Several large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co acquired a new stake in Weyco Group in the 4th quarter worth $30,000. BNP Paribas Financial Markets raised its position in shares of Weyco Group by 107.1% during 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 last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Weyco Group during the fourth quarter valued at about $55,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 bought a new stake in shares of Weyco Group in the fourth quarter valued at about $72,000. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WEYS shares. Weiss Ratings downgraded Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen raised 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, the stock currently has an average rating of “Hold”.

About Weyco Group

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.