Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells 308 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) VP Dustin Combs sold 308 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $44.36, for a total value of $13,662.88. Following the transaction, the vice president owned 3,786 shares of the company’s stock, valued at approximately $167,946.96. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dustin Combs also recently made the following trade(s):

  • On Thursday, September 10th, Dustin Combs sold 290 shares of Weyco Group stock. The shares were sold at an average price of $44.17, for a total value of $12,809.30.
  • On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The shares were sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Trading Down 1.0%

Shares of WEYS traded down $0.46 during trading hours on Monday, reaching $44.13. 12,649 shares of the company’s stock traded hands, compared to its average volume of 17,430. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $48.67. The stock has a market cap of $421.49 million, a PE ratio of 12.16 and a beta of 0.89. The firm’s 50 day simple moving average is $42.40 and its 200-day simple moving average is $37.24.

Weyco Group (NASDAQ:WEYSGet Free Report) last announced its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The business had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of Weyco Group during the 2nd quarter valued at $2,952,000. BlackRock Inc. bought a new stake in Weyco Group in the second quarter worth $18,215,000. Empowered Funds LLC purchased a new stake in Weyco Group during the second quarter valued at about $2,116,000. Deutsche Bank AG purchased a new stake in Weyco Group during the second quarter valued at about $235,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,133 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WEYS shares. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weyco Group presently has a consensus rating of “Buy”.

View Our Latest Stock Analysis on WEYS

Weyco Group Company Profile

(Get Free Report)

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men’s shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group’s brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.

See Also

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

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