Weyco Group (NASDAQ:WEYS) CFO Judy Anderson Sells 2,602 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) CFO Judy Anderson sold 2,602 shares of Weyco Group stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $43.27, for a total transaction of $112,588.54. Following the completion of the sale, the chief financial officer owned 14,418 shares in the company, valued at approximately $623,866.86. This trade represents a 15.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Weyco Group Price Performance

WEYS stock traded up $1.26 during trading on Friday, hitting $45.17. The stock had a trading volume of 27,914 shares, compared to its average volume of 16,306. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $46.50. The company’s 50-day moving average price is $38.10 and its two-hundred day moving average price is $34.72. The stock has a market capitalization of $430.47 million, a P/E ratio of 12.44 and a beta of 0.88.

Weyco Group (NASDAQ:WEYSGet Free Report) last released its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.The business had revenue of $62.22 million for the quarter.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s payout ratio is 45.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Weyco Group during the 4th quarter valued at about $30,000. BNP Paribas Financial Markets lifted its holdings in Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 832 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Weyco Group in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC grew its position in Weyco Group by 172.5% in the second 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 during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Weyco Group during the fourth quarter worth $72,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Wall Street Analysts Forecast Growth

WEYS has been the subject of a number of recent research reports. Weiss Ratings cut 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 shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Get Our Latest Stock Report on WEYS

Weyco Group Company Profile

(Get Free Report)

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.

Further Reading

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