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

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

Weyco Group Trading Down 0.2%

NASDAQ:WEYS opened at $36.13 on Thursday. The company’s 50-day moving average is $34.69 and its two-hundred day moving average is $32.81. The firm has a market cap of $344.32 million, a price-to-earnings ratio of 14.57 and a beta of 0.90. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $37.25.

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

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 given a $0.28 dividend. This is a boost from Weyco Group’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, May 19th. Weyco Group’s dividend payout ratio (DPR) is presently 45.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings cut Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Weyco Group currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WEYS. CANADA LIFE ASSURANCE Co purchased a new position in shares of Weyco Group during the 4th quarter worth about $30,000. BNP Paribas Financial Markets lifted its holdings in shares of Weyco Group by 107.1% during the 3rd 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 during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Weyco Group during the 4th quarter worth about $55,000. Tower Research Capital LLC TRC lifted its holdings in shares of Weyco Group by 172.5% during the 2nd 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 during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Weyco Group during the 4th quarter worth about $72,000. 23.59% of the stock is currently owned by hedge funds and other 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.