Weyco Group, Inc. (WEYS) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC cut its position in Weyco Group, Inc. (NASDAQ:WEYS) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,053 shares of the textile maker’s stock after selling 2,490 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.17% of Weyco Group worth $503,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. American International Group Inc. grew its stake in Weyco Group by 7.0% in the 1st quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock valued at $113,000 after buying an additional 261 shares during the last quarter. California Public Employees Retirement System acquired a new position in Weyco Group in the 1st quarter valued at $202,000. Alliancebernstein L.P. acquired a new position in Weyco Group in the 2nd quarter valued at $212,000. Janney Montgomery Scott LLC acquired a new position in Weyco Group in the 2nd quarter valued at $231,000. Finally, Strs Ohio acquired a new position in Weyco Group in the 2nd quarter valued at $264,000. Institutional investors and hedge funds own 32.82% of the company’s stock.
Shares of Weyco Group, Inc. (WEYS) opened at $28.39 on Friday. Weyco Group, Inc. has a 1-year low of $23.75 and a 1-year high of $32.30. The firm has a market cap of $288.26, a price-to-earnings ratio of 19.83 and a beta of 0.66.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Friday, October 27th. The textile maker reported $0.48 earnings per share for the quarter. The firm had revenue of $76.91 million during the quarter. Weyco Group had a net margin of 5.81% and a return on equity of 7.08%.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, December 1st. Weyco Group’s payout ratio is 55.00%.
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A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Weyco Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. TheStreet raised shares of Weyco Group from a “c+” rating to a “b-” rating in a report on Thursday.
In other news, VP Brian Flannery sold 7,145 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $27.95, for a total transaction of $199,702.75. Following the completion of the transaction, the vice president now directly owns 24,295 shares of the company’s stock, valued at approximately $679,045.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cory L. Nettles sold 1,297 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.00, for a total transaction of $36,316.00. Following the transaction, the director now directly owns 6,250 shares of the company’s stock, valued at $175,000. The disclosure for this sale can be found here. Insiders have sold a total of 16,708 shares of company stock valued at $466,959 over the last ninety days. 42.81% of the stock is owned by insiders.
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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