Kevin Schiff Sells 1,191 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) VP Kevin Schiff sold 1,191 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $45.32, for a total transaction of $53,976.12. Following the completion of the sale, the vice president directly owned 27,733 shares in the company, valued at approximately $1,256,859.56. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Weyco Group Trading Up 1.4%

Weyco Group stock opened at $46.88 on Wednesday. The stock has a market cap of $446.77 million, a P/E ratio of 12.91 and a beta of 0.88. The company has a fifty day simple moving average of $38.75 and a 200-day simple moving average of $35.04. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67.

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

Weyco Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Institutional Investors Weigh In On Weyco Group

Several hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co acquired a new position in Weyco Group in the 4th quarter valued at $30,000. BNP Paribas Financial Markets lifted its stake in shares of Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Weyco Group in the 4th quarter worth $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $59,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Weyco Group in the fourth quarter valued at about $72,000. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WEYS. Weiss Ratings reissued a “hold (c+)” rating on shares of Weyco Group in a research report on Friday. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Analysis on WEYS

About Weyco Group

(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

Insider Buying and Selling by Quarter for Weyco Group (NASDAQ:WEYS)

Receive News & Ratings for Weyco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group and related companies with MarketBeat.com's FREE daily email newsletter.