Weyco Group (NASDAQ:WEYS) CFO Sells $112,588.54 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,602 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $43.27, for a total transaction of $112,588.54. Following the completion of the sale, the chief financial officer owned 14,418 shares in the company, valued at $623,866.86. The trade was a 15.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Weyco Group Stock Performance

WEYS opened at $46.17 on Monday. The business’s 50 day moving average is $38.31 and its 200-day moving average is $34.82. The stock has a market cap of $440.00 million, a PE ratio of 12.72 and a beta of 0.88. Weyco Group, Inc. has a twelve month low of $27.25 and a twelve month high of $46.50.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.The business had revenue of $62.22 million during the quarter.

Weyco Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. Weyco Group’s dividend payout ratio is presently 30.85%.

Hedge Funds Weigh In On Weyco Group

Hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group in the fourth quarter valued at $30,000. BNP Paribas Financial Markets grew its holdings 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 during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Weyco Group in the fourth quarter worth about $55,000. Tower Research Capital LLC TRC raised its position in Weyco Group by 172.5% in 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. Finally, Los Angeles Capital Management LLC acquired a new stake in Weyco Group in the 4th quarter valued at about $72,000. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WEYS shares. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut 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 data from MarketBeat, the company has a consensus rating of “Hold”.

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.