Weyco Group, Inc. (NASDAQ:WEYS) COO John W. Florsheim sold 30,052 shares of Weyco Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $28.00, for a total value of $841,456.00. Following the completion of the sale, the chief operating officer now directly owns 278,764 shares of the company’s stock, valued at approximately $7,805,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Weyco Group, Inc. (NASDAQ:WEYS) opened at $28.04 on Thursday. Weyco Group, Inc. has a 1 year low of $23.75 and a 1 year high of $32.30. The stock has a market capitalization of $289.55, a PE ratio of 20.44 and a beta of 0.66.
Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Friday, October 27th. The textile maker reported $0.48 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 7.08% and a net margin of 5.81%. The firm had revenue of $76.91 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, December 1st. Weyco Group’s dividend payout ratio (DPR) is presently 55.35%.
A number of hedge funds have recently bought and sold shares of WEYS. American International Group Inc. grew its position in Weyco Group by 7.0% during the first quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock valued at $113,000 after acquiring an additional 261 shares during the period. Wells Fargo & Company MN grew its position in Weyco Group by 71.2% during the third quarter. Wells Fargo & Company MN now owns 6,691 shares of the textile maker’s stock valued at $191,000 after acquiring an additional 2,782 shares during the period. Ameriprise Financial Inc. purchased a new stake in Weyco Group during the second quarter valued at about $200,000. California Public Employees Retirement System purchased a new stake in Weyco Group during the first quarter valued at about $202,000. Finally, Alliancebernstein L.P. purchased a new stake in Weyco Group during the second quarter valued at about $212,000. 33.13% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. BidaskClub raised Weyco Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. TheStreet raised Weyco Group from a “c+” rating to a “b-” rating in a research report on Thursday, November 16th.
About Weyco Group
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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