Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) CFO Judy Anderson sold 1,555 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $44.00, for a total value of $68,420.00. Following the completion of the sale, the chief financial officer directly owned 15,341 shares of the company’s stock, valued at $675,004. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Judy Anderson also recently made the following trade(s):
- On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The stock was sold at an average price of $43.27, for a total value of $112,588.54.
Weyco Group Stock Down 0.1%
NASDAQ:WEYS traded down $0.06 on Tuesday, hitting $44.07. The stock had a trading volume of 5,260 shares, compared to its average volume of 17,450. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $48.67. The business’s fifty day moving average is $42.51 and its 200 day moving average is $37.33. The company has a market cap of $420.87 million, a PE ratio of 12.14 and a beta of 0.89.
Weyco Group Announces Dividend
The business also recently declared 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. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a yield of 2.5%. Weyco Group’s payout ratio is 30.85%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Weyco Group by 3.4% in the first quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock valued at $1,724,000 after purchasing an additional 1,787 shares in the last quarter. IFG Advisory LLC lifted its stake in Weyco Group by 39.7% in the fourth quarter. IFG Advisory LLC now owns 10,517 shares of the textile maker’s stock worth $322,000 after purchasing an additional 2,990 shares during the last quarter. Ritholtz Wealth Management lifted 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 acquiring an additional 4,486 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Weyco Group by 0.9% in 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 last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Weyco Group in the second quarter valued at about $235,000. 23.59% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on WEYS. Wall Street Zen raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
View Our Latest Research Report on WEYS
Weyco Group Company Profile
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.
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