Dustin Combs Sells 290 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 290 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $44.17, for a total transaction of $12,809.30. Following the completion of the sale, the vice president directly owned 4,094 shares of the company’s stock, valued at approximately $180,831.98. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $48,925.44.

Weyco Group Price Performance

WEYS stock opened at $44.59 on Friday. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $48.67. The company has a market cap of $425.83 million, a P/E ratio of 12.28 and a beta of 0.89. The firm has a 50-day moving average of $42.40 and a 200 day moving average of $37.20.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The business 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 annualized dividend and a dividend yield of 2.5%. Weyco Group’s payout ratio is currently 30.85%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Weyco Group by 8.2% during the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after acquiring an additional 3,285 shares during the period. Geode Capital Management LLC boosted its stake in shares of Weyco Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after acquiring an additional 2,224 shares during the period. Rhumbline Advisers grew its position in shares of Weyco Group by 21.1% during the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock worth $364,000 after purchasing an additional 1,917 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Weyco Group during the second quarter worth about $204,000. Finally, Bridgeway Capital Management LLC lifted its holdings in Weyco Group by 4.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after purchasing an additional 4,186 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WEYS. Wall Street Zen upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Weyco Group Company Profile

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.