Weyco Group (NASDAQ:WEYS) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Weyco Group, Inc. (NASDAQ:WEYS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.70 and traded as low as $29.35. Weyco Group shares last traded at $29.35, with a volume of 9,446 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weyco Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Weyco Group Stock Performance

The business has a 50 day simple moving average of $29.83 and a two-hundred day simple moving average of $30.70. The firm has a market capitalization of $280.00 million, a P/E ratio of 10.91 and a beta of 0.98.

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

Weyco Group Announces Dividend

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

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently bought and sold shares of WEYS. Tower Research Capital LLC TRC raised its position in shares of 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 worth $59,000 after acquiring an additional 1,133 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of Weyco Group in the 1st quarter worth approximately $201,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Weyco Group in the 2nd quarter worth approximately $204,000. IFG Advisory LLC bought a new position in shares of Weyco Group in the 2nd quarter worth approximately $219,000. Finally, Nuveen LLC bought a new position in shares of Weyco Group in the 1st quarter worth approximately $277,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

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.