Kevin Schiff Sells 1,191 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Kevin Schiff sold 1,191 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $45.32, for a total transaction of $53,976.12. Following the completion of the transaction, the vice president directly owned 27,733 shares of the company’s stock, valued at approximately $1,256,859.56. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weyco Group Stock Up 0.8%

Weyco Group stock traded up $0.37 during trading hours on Monday, hitting $46.54. The stock had a trading volume of 9,269 shares, compared to its average volume of 16,339. The stock’s 50-day moving average price is $38.31 and its 200-day moving average price is $34.82. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $48.68. The stock has a market capitalization of $443.53 million, a P/E ratio of 12.82 and a beta of 0.88.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The company 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s dividend payout ratio (DPR) is 30.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WEYS. Deutsche Bank AG acquired a new position in Weyco Group during the second quarter valued at approximately $235,000. Bank of New York Mellon Corp bought a new stake in shares of Weyco Group in the second quarter valued at about $2,952,000. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC bought a new stake in Weyco Group in the 4th quarter valued at about $72,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Weyco Group during the fourth quarter worth approximately $55,000. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEYS has been the topic of several research reports. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Weyco Group currently has an average rating of “Hold”.

About Weyco Group

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.