Weyco Group (NASDAQ:WEYS) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Weyco Group, Inc. (NASDAQ:WEYS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.63 and traded as low as $28.51. Weyco Group shares last traded at $28.84, with a volume of 7,654 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weyco Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Weyco Group Stock Up 1.0%

The stock has a market cap of $275.13 million, a price-to-earnings ratio of 10.72 and a beta of 0.98. The firm’s 50 day moving average is $29.89 and its two-hundred day moving average is $30.63.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%. The firm had revenue of $58.22 million for the quarter.

Weyco Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were paid a $0.27 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. Weyco Group’s dividend payout ratio (DPR) is presently 40.15%.

Institutional Investors Weigh In On Weyco Group

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Weyco Group by 48.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker’s stock valued at $728,000 after acquiring an additional 7,752 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyco Group by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker’s stock valued at $550,000 after acquiring an additional 903 shares in the last quarter. Nuveen LLC bought a new position in shares of Weyco Group in the first quarter valued at approximately $277,000. Empowered Funds LLC boosted its holdings in shares of Weyco Group by 8.2% in the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Weyco Group in the first quarter valued at approximately $466,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.