Weyco Group, Inc. (WEYS) VP Michael Bernsteen Sells 4,344 Shares of Stock
Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 4,344 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $28.00, for a total value of $121,632.00. Following the transaction, the vice president now owns 3,765 shares in the company, valued at approximately $105,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael Bernsteen also recently made the following trade(s):
- On Thursday, September 7th, Michael Bernsteen sold 250 shares of Weyco Group stock. The stock was sold at an average price of $27.91, for a total value of $6,977.50.
- On Thursday, August 17th, Michael Bernsteen sold 5,886 shares of Weyco Group stock. The stock was sold at an average price of $27.55, for a total value of $162,159.30.
Shares of Weyco Group, Inc. (NASDAQ WEYS) opened at 27.86 on Wednesday. The firm has a market cap of $285.20 million, a P/E ratio of 17.99 and a beta of 0.70. Weyco Group, Inc. has a 12 month low of $23.75 and a 12 month high of $32.30. The stock’s 50 day moving average price is $27.56 and its 200-day moving average price is $27.57.
Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, August 8th. The textile maker reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. The firm had revenue of $57.45 million during the quarter. Equities research analysts anticipate that Weyco Group, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, August 28th. Weyco Group’s dividend payout ratio is presently 56.77%.
Several research analysts recently commented on WEYS shares. Zacks Investment Research upgraded Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered Weyco Group from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, TheStreet lowered Weyco Group from a “b” rating to a “c+” rating in a report on Thursday, August 3rd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its holdings in Weyco Group by 27.1% during the 4th quarter. Teachers Advisors LLC now owns 12,890 shares of the textile maker’s stock worth $403,000 after acquiring an additional 2,746 shares during the period. UBS Group AG boosted its position in shares of Weyco Group by 5.2% during the first quarter. UBS Group AG now owns 18,216 shares of the textile maker’s stock worth $512,000 after purchasing an additional 894 shares in the last quarter. Swiss National Bank boosted its position in shares of Weyco Group by 18.2% during the first quarter. Swiss National Bank now owns 10,400 shares of the textile maker’s stock worth $292,000 after purchasing an additional 1,600 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Weyco Group by 29.4% during the first quarter. Martingale Asset Management L P now owns 22,902 shares of the textile maker’s stock worth $644,000 after purchasing an additional 5,201 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Weyco Group by 5.0% during the first quarter. Coldstream Capital Management Inc. now owns 16,843 shares of the textile maker’s stock worth $473,000 after purchasing an additional 803 shares in the last quarter. 32.92% of the stock is owned by hedge funds and other institutional investors.
About Weyco Group
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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