Weyco Group (NASDAQ:WEYS) VP Kevin Schiff Sells 1,191 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Kevin Schiff sold 1,191 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $45.32, for a total value of $53,976.12. Following the completion of the sale, the vice president directly owned 27,733 shares of the company’s stock, valued at $1,256,859.56. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weyco Group Trading Up 0.1%

WEYS stock opened at $46.22 on Tuesday. The firm has a market capitalization of $440.48 million, a P/E ratio of 12.73 and a beta of 0.88. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $48.68. The firm has a 50 day moving average of $38.52 and a 200-day moving average of $34.94.

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

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.28 per share. 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 payout ratio is 30.85%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in 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 restated a “hold (c+)” rating on shares of Weyco Group in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Weyco Group

Hedge funds have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co purchased a new position in shares of Weyco Group during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets grew its position in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after purchasing an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Weyco Group in the 4th quarter worth approximately $55,000. Tower Research Capital LLC TRC raised its stake in 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 valued at $59,000 after buying an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Weyco Group in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.