Jeffrey Douglass Sells 633 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 633 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $35.86, for a total transaction of $22,699.38. Following the sale, the vice president directly owned 8,178 shares in the company, valued at $293,263.08. The trade was a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Weyco Group Stock Performance

NASDAQ:WEYS opened at $36.13 on Thursday. The firm’s fifty day moving average is $34.69 and its 200-day moving average is $32.81. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $37.25. The firm has a market cap of $344.32 million, a P/E ratio of 14.57 and a beta of 0.90.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data 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 company had revenue of $68.01 million for the quarter.

Weyco Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, May 19th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Weyco Group’s previous quarterly dividend of $0.27. Weyco Group’s payout ratio is currently 45.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WEYS shares. Wall Street Zen raised 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 note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group during the fourth quarter worth $30,000. BNP Paribas Financial Markets boosted its stake in Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after acquiring an additional 1,133 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Weyco Group during the fourth quarter worth $55,000. Finally, Los Angeles Capital Management LLC bought a new position in Weyco Group during the fourth quarter worth $72,000. 23.59% of the stock is owned by institutional investors.

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.