Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.80 and traded as high as $40.36. Weyco Group shares last traded at $39.20, with a volume of 15,516 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Research Report on WEYS
Weyco Group Stock Performance
Weyco Group (NASDAQ:WEYS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The textile maker reported $0.64 EPS for the quarter. The company had revenue of $68.00 million during the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%.
Weyco Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, May 19th were issued a $0.28 dividend. This is a boost from Weyco Group’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, May 19th. This represents a $1.12 annualized dividend and a yield of 2.9%. Weyco Group’s payout ratio is 45.16%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Weyco Group during the third quarter worth about $380,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Weyco Group during the 2nd quarter valued at about $204,000. Dimensional Fund Advisors LP lifted its stake in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after purchasing an additional 5,294 shares during the period. Ritholtz Wealth Management grew its stake in shares of Weyco Group by 57.0% in the 1st quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker’s stock valued at $396,000 after purchasing an additional 4,486 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in Weyco Group by 4.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock valued at $3,182,000 after buying an additional 4,186 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.
About Weyco Group
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.
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