Weyco Group (NASDAQ:WEYS) CFO Judy Anderson Sells 1,555 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,555 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $44.00, for a total transaction of $68,420.00. Following the completion of the transaction, the chief financial officer directly owned 15,341 shares in the company, valued at $675,004. This trade represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Judy Anderson also recently made the following trade(s):

• On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The stock was sold at an average price of $43.27, for a total value of $112,588.54.

Weyco Group Trading Up 0.9%

WEYS opened at $44.54 on Wednesday. The stock has a market cap of $425.36 million, a price-to-earnings ratio of 12.27 and a beta of 0.89. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $48.67. The stock has a fifty day moving average price of $42.65 and a 200 day moving average price of $37.42.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.The company had revenue of $62.22 million for the quarter.

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 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 2.5%. Weyco Group’s payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Trading of Weyco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Weyco Group during the 2nd quarter valued at about $2,116,000. BlackRock Inc. acquired a new stake in Weyco Group in the 2nd quarter worth approximately $18,215,000. Deutsche Bank AG acquired a new stake in Weyco Group in the 2nd quarter worth approximately $235,000. Bank of New York Mellon Corp acquired a new stake in Weyco Group in the 2nd quarter worth approximately $2,952,000. Finally, Dimensional Fund Advisors LP boosted its position in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after purchasing an additional 5,294 shares during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

About Weyco Group

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men’s shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group’s brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.