Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $54.02 and last traded at $53.77, with a volume of 3,261 shares traded. The stock had previously closed at $52.46.
Wall Street Analyst Weigh In
A number of research firms recently commented on WEYS. Wall Street Zen upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Weyco Group Stock Performance
The firm has a 50 day moving average price of $48.08 and a two-hundred day moving average price of $38.55. The company has a market cap of $516.04 million, a P/E ratio of 14.88 and a beta of 0.89.
Weyco Group (NASDAQ:WEYS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $62.22 million during the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%.
Weyco Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Weyco Group’s dividend payout ratio is presently 30.85%.
Insiders Place Their Bets
In related news, Director Tina Chang sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $45.07, for a total value of $135,210.00. Following the completion of the transaction, the director directly owned 17,833 shares in the company, valued at $803,733.31. The trade was a 14.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dustin Combs sold 1,096 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $44.64, for a total value of $48,925.44. Following the sale, the vice president owned 4,384 shares of the company’s stock, valued at approximately $195,701.76. This trade represents a 20.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,953 shares of company stock valued at $616,534. Company insiders own 36.40% of the company’s stock.
Institutional Trading of Weyco Group
A number of large investors have recently made changes to their positions in WEYS. Associated Banc Corp purchased a new position in shares of Weyco Group during the third quarter valued at approximately $2,164,000. Signaturefd LLC purchased a new stake in Weyco Group during the 3rd quarter valued at about $49,000. Empowered Funds LLC purchased a new position in Weyco Group during the second quarter valued at approximately $2,116,000. BlackRock Inc. acquired a new position in shares of Weyco Group during the 2nd quarter worth approximately $18,215,000. Finally, Deutsche Bank AG purchased a new stake in shares of Weyco Group during the second quarter worth approximately $235,000. 23.59% of the stock is currently owned by institutional investors.
Weyco Group Company Profile
Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.
The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.
Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.
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