Weyco Group (NASDAQ:WEYS) VP Sells $48,925.44 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 1,096 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $44.64, for a total transaction of $48,925.44. Following the transaction, the vice president owned 4,384 shares in the company, valued at approximately $195,701.76. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $45.39 on Monday. The firm has a market cap of $433.47 million, a price-to-earnings ratio of 12.50 and a beta of 0.88. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $48.67. The business has a fifty day simple moving average of $41.19 and a 200 day simple moving average of $36.31.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.The firm had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

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 issued a $0.28 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a yield of 2.5%. Weyco Group’s dividend payout ratio is currently 30.85%.

Analysts Set New Price Targets

Several analysts have commented on WEYS shares. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of Weyco Group

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Weyco Group by 7.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,802 shares of the textile maker’s stock valued at $235,000 after buying an additional 563 shares in the last quarter. BNP Paribas Financial Markets raised 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 valued at $48,000 after acquiring an additional 832 shares during the last quarter. Barclays PLC raised its position in Weyco Group by 9.9% in the 4th quarter. Barclays PLC now owns 9,615 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 869 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Weyco Group during the 4th quarter worth about $30,000. Finally, Tower Research Capital LLC TRC lifted 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 purchasing an additional 1,133 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

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.