Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 4,344 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $28.00, for a total transaction of $121,632.00. Following the transaction, the vice president now owns 3,765 shares of the company’s stock, valued at approximately $105,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Bernsteen also recently made the following trade(s):
- On Thursday, September 7th, Michael Bernsteen sold 250 shares of Weyco Group stock. The stock was sold at an average price of $27.91, for a total transaction of $6,977.50.
- On Thursday, August 17th, Michael Bernsteen sold 5,886 shares of Weyco Group stock. The stock was sold at an average price of $27.55, for a total transaction of $162,159.30.
Weyco Group, Inc. (NASDAQ WEYS) traded down 0.50% during mid-day trading on Tuesday, hitting $27.86. 8,338 shares of the stock traded hands. Weyco Group, Inc. has a 52 week low of $23.75 and a 52 week high of $32.30. The firm’s 50-day moving average price is $27.56 and its 200-day moving average price is $27.57. The firm has a market cap of $285.20 million, a P/E ratio of 17.99 and a beta of 0.70.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. The company had revenue of $57.45 million during the quarter. On average, equities analysts forecast that Weyco Group, Inc. will post $1.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, August 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, August 28th. Weyco Group’s dividend payout ratio (DPR) is presently 56.77%.
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WEYS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Weyco Group from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, TheStreet cut shares of Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd.
Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its holdings in shares of Weyco Group by 27.1% during the 4th quarter. Teachers Advisors LLC now owns 12,890 shares of the textile maker’s stock worth $403,000 after acquiring an additional 2,746 shares during the period. UBS Group AG lifted its stake in Weyco Group by 5.2% in the 1st quarter. UBS Group AG now owns 18,216 shares of the textile maker’s stock valued at $512,000 after purchasing an additional 894 shares during the last quarter. Swiss National Bank lifted its stake in Weyco Group by 18.2% in the 1st quarter. Swiss National Bank now owns 10,400 shares of the textile maker’s stock valued at $292,000 after purchasing an additional 1,600 shares during the last quarter. Martingale Asset Management L P lifted its stake in Weyco Group by 29.4% in the 1st quarter. Martingale Asset Management L P now owns 22,902 shares of the textile maker’s stock valued at $644,000 after purchasing an additional 5,201 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Weyco Group by 5.0% in the 1st quarter. Coldstream Capital Management Inc. now owns 16,843 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 803 shares during the last quarter. 32.92% of the stock is owned by institutional investors.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).
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