Weyco Group, Inc. (NASDAQ:WEYS) Director Frederick P. Stratton, Jr. sold 1,400 shares of Weyco Group stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $27.87, for a total value of $39,018.00. Following the sale, the director now directly owns 125,410 shares in the company, valued at $3,495,176.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Weyco Group, Inc. (NASDAQ:WEYS) opened at 27.86 on Wednesday. Weyco Group, Inc. has a 12-month low of $23.75 and a 12-month high of $32.30. The stock has a market capitalization of $285.20 million, a price-to-earnings ratio of 17.99 and a beta of 0.70. The stock’s 50 day moving average is $27.56 and its 200 day moving average is $27.57.
Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 8th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $57.45 million for the quarter. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. Equities analysts predict that Weyco Group, Inc. will post $1.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 3.16%. Weyco Group’s dividend payout ratio (DPR) is 56.77%.
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Several research firms have weighed in on WEYS. Zacks Investment Research raised Weyco Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, TheStreet cut Weyco Group from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in Weyco Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,548 shares of the textile maker’s stock valued at $545,000 after acquiring an additional 114 shares in the last quarter. American International Group Inc. boosted its stake in Weyco Group by 7.0% in the first quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock valued at $113,000 after acquiring an additional 261 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Weyco Group by 6.2% in the first quarter. Nationwide Fund Advisors now owns 5,839 shares of the textile maker’s stock valued at $164,000 after acquiring an additional 343 shares in the last quarter. Bessemer Group Inc. boosted its stake in Weyco Group by 3.9% in the second quarter. Bessemer Group Inc. now owns 10,600 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 400 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in Weyco Group by 2.2% in the second quarter. Martingale Asset Management L P now owns 23,402 shares of the textile maker’s stock valued at $653,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 32.92% of the company’s stock.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).
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