Allison Woss Sells 2,511 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 2,511 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $43.63, for a total value of $109,554.93. Following the completion of the transaction, the vice president directly owned 8,663 shares of the company’s stock, valued at $377,966.69. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weyco Group Price Performance

WEYS opened at $46.17 on Friday. The stock’s 50 day moving average price is $38.31 and its 200 day moving average price is $34.80. The stock has a market cap of $440.00 million, a P/E ratio of 12.72 and a beta of 0.88. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $46.50.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.The company had revenue of $62.22 million during the quarter.

Weyco Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Hedge Funds Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Weyco Group in the 4th quarter worth $55,000. BNP Paribas Financial Markets lifted its holdings in shares of Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after buying an additional 832 shares during the period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group in the fourth quarter valued at $30,000. Finally, Bank of New York Mellon Corp bought a new position in Weyco Group during the second quarter valued at about $2,952,000. 23.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WEYS shares. Weiss Ratings lowered shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Weyco Group Company Profile

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.