Weyco Group (NASDAQ:WEYS) VP Sells $13,662.88 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 308 shares of Weyco Group stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $44.36, for a total value of $13,662.88. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Price Performance

Shares of WEYS opened at $43.83 on Thursday. The stock has a market capitalization of $418.58 million, a PE ratio of 12.07 and a beta of 0.89. The business’s fifty day moving average price is $42.77 and its 200 day moving average price is $37.50. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67.

Weyco Group (NASDAQ:WEYS) last issued 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 company had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

The firm also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. 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 upgraded Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Trading of Weyco Group

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC increased its stake in Weyco Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock valued at $1,724,000 after buying an additional 1,787 shares during the period. IFG Advisory LLC lifted its stake in shares of Weyco Group by 39.7% in the 4th quarter. IFG Advisory LLC now owns 10,517 shares of the textile maker’s stock worth $322,000 after acquiring an additional 2,990 shares during the period. 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 worth $396,000 after acquiring an additional 4,486 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Weyco Group by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after acquiring an additional 5,294 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Weyco Group in the second quarter valued at approximately $235,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

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.