Weyco Group (NASDAQ:WEYS) Director Sells $135,210.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) Director Tina Chang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $45.07, for a total value of $135,210.00. Following the completion of the sale, the director directly owned 17,833 shares of the company’s stock, valued at $803,733.31. This represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Weyco Group Price Performance

Weyco Group stock opened at $45.37 on Friday. Weyco Group, Inc. has a 1-year low of $27.25 and a 1-year high of $48.67. The company has a market cap of $433.28 million, a PE ratio of 12.50 and a beta of 0.89. The stock’s 50 day moving average price is $41.87 and its 200 day moving average price is $36.74.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid 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 dividend yield of 2.5%. Weyco Group’s dividend payout ratio is 30.85%.

Wall Street Analyst Weigh In

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

Institutional Trading of Weyco Group

A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Weyco Group by 7.8% in the third quarter. Russell Investments Group Ltd. now owns 7,802 shares of the textile maker’s stock valued at $235,000 after purchasing an additional 563 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after buying an additional 832 shares during the last quarter. Barclays PLC boosted its position in shares of Weyco Group by 9.9% in the 4th quarter. Barclays PLC now owns 9,615 shares of the textile maker’s stock worth $294,000 after buying an additional 869 shares in the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Weyco Group in the 4th quarter worth about $30,000. Finally, Tower Research Capital LLC TRC grew its stake in Weyco Group by 172.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,133 shares during the last quarter. 23.59% of the stock is currently 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.