Insider Selling: Weyco Group (NASDAQ:WEYS) Insider Sells 1,100 Shares

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,100 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $47,300.00. Following the completion of the transaction, the insider directly owned 6,580 shares in the company, valued at $282,940. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Weyco Group Stock Up 0.3%

NASDAQ WEYS traded up $0.14 during trading hours on Tuesday, hitting $46.36. 2,447 shares of the stock were exchanged, compared to its average volume of 16,481. The stock has a 50-day moving average of $38.52 and a 200 day moving average of $34.94. The company has a market cap of $441.90 million, a price-to-earnings ratio of 12.77 and a beta of 0.88. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.67.

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

Weyco Group Dividend Announcement

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

Hedge Funds Weigh In On Weyco Group

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in Weyco Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,285 shares during the period. Geode Capital Management LLC raised its position in shares of Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after buying an additional 2,224 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Weyco Group by 21.1% in the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock valued at $364,000 after buying an additional 1,917 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Weyco Group during the second quarter worth about $204,000. Finally, Bridgeway Capital Management LLC grew its position in Weyco Group by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after buying an additional 4,186 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WEYS shares. Wall Street Zen raised shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Weyco Group in a report on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average 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.