Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells $109,554.93 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 2,511 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $43.63, for a total transaction of $109,554.93. Following the completion of the transaction, the vice president directly owned 8,663 shares in the company, valued at approximately $377,966.69. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Weyco Group Trading Up 2.9%

Shares of NASDAQ:WEYS traded up $1.26 during trading on Friday, reaching $45.17. 27,914 shares of the stock were exchanged, compared to its average volume of 16,306. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $46.50. The firm has a market cap of $430.47 million, a PE ratio of 12.44 and a beta of 0.88. The stock has a 50-day moving average price of $38.10 and a 200-day moving average price of $34.72.

Weyco Group (NASDAQ:WEYS) 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 return on equity of 14.18% and a net margin of 12.39%.The company 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. Stockholders of record on Tuesday, August 18th will be given a $0.28 dividend. 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 presently 45.16%.

Institutional Trading of Weyco Group

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position 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 period. Vanguard Group Inc. lifted its position in Weyco Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after purchasing an additional 2,792 shares during the period. Geode Capital Management LLC grew its stake in Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after buying an additional 2,224 shares in the last quarter. State Street Corp grew its stake in Weyco Group by 2.4% during the fourth quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock worth $3,304,000 after buying an additional 2,381 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Weyco Group by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker’s stock valued at $3,078,000 after buying an additional 2,226 shares during the period. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEYS has been the subject of several analyst reports. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Weyco Group currently has an average rating of “Hold”.

About Weyco Group

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.