Jeffrey Douglass Sells 400 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 400 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $36.35, for a total value of $14,540.00. Following the completion of the sale, the vice president owned 7,778 shares of the company’s stock, valued at $282,730.30. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Weyco Group Trading Up 1.1%

WEYS stock traded up $0.40 during trading hours on Tuesday, hitting $36.68. 7,205 shares of the stock were exchanged, compared to its average volume of 14,509. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $37.25. The firm has a market capitalization of $349.56 million, a P/E ratio of 14.79 and a beta of 0.90. The company has a 50-day simple moving average of $34.53 and a two-hundred day simple moving average of $32.73.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, May 5th. The textile maker reported $0.64 EPS for the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%. The business had revenue of $68.01 million for the quarter.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, May 19th 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 3.1%. The ex-dividend date is Tuesday, May 19th. This is a boost from Weyco Group’s previous quarterly dividend of $0.27. Weyco Group’s dividend payout ratio (DPR) is currently 45.16%.

Institutional Trading of Weyco Group

A number of institutional investors and hedge funds have recently made changes to their positions in WEYS. Citadel Advisors LLC acquired a new stake in shares of Weyco Group during the 3rd quarter worth approximately $380,000. Arrowstreet Capital Limited Partnership acquired a new position in Weyco Group during the second quarter valued at approximately $204,000. Dimensional Fund Advisors LP lifted its stake in Weyco Group by 0.9% during 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. Ritholtz Wealth Management lifted its stake in Weyco Group by 57.0% during the first quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker’s stock worth $396,000 after purchasing an additional 4,486 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Weyco Group by 4.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock valued at $3,182,000 after purchasing an additional 4,186 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WEYS. Weiss Ratings lowered Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.