Weyco Group (NASDAQ:WEYS) VP Jeffrey Douglass Sells 400 Shares

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 400 shares of Weyco Group stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $36.35, for a total value of $14,540.00. Following the completion of the sale, the vice president directly owned 7,778 shares in the company, valued at $282,730.30. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Weyco Group Stock Performance

NASDAQ:WEYS opened at $36.22 on Wednesday. The stock has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $32.77. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $37.25. The company has a market cap of $345.25 million, a PE ratio of 14.60 and a beta of 0.90.

Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, May 5th. The textile maker reported $0.64 EPS for the quarter. Weyco Group had a return on equity of 9.63% and a net margin of 8.57%.The firm had revenue of $68.01 million for the quarter.

Weyco Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, May 19th will be given a $0.28 dividend. This is a boost from Weyco Group’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, May 19th. Weyco Group’s payout ratio is presently 45.16%.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors have recently made changes to their positions in WEYS. Dimensional Fund Advisors LP boosted its stake in Weyco Group by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after purchasing an additional 5,294 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Weyco Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after buying an additional 2,792 shares in the last quarter. Geode Capital Management LLC increased its position in Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after acquiring an additional 2,224 shares during the period. State Street Corp boosted its holdings in Weyco Group by 2.4% in the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock valued at $3,304,000 after purchasing an additional 2,381 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Weyco Group by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker’s stock worth $3,078,000 after purchasing an additional 2,226 shares during the period. Institutional investors own 23.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on WEYS shares. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to 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.