Dustin Combs Sells 1,096 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 1,096 shares of Weyco Group stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $44.64, for a total value of $48,925.44. Following the sale, the vice president owned 4,384 shares of the company’s stock, valued at approximately $195,701.76. This trade represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Weyco Group Trading Up 1.2%

Shares of NASDAQ WEYS opened at $45.39 on Friday. The business has a 50-day moving average of $41.19 and a 200-day moving average of $36.28. The firm has a market capitalization of $433.47 million, a price-to-earnings ratio of 12.50 and a beta of 0.88. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $48.67.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The business had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 annualized dividend and a dividend yield of 2.5%. Weyco Group’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

WEYS has been the topic of a number of research analyst reports. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Trading of Weyco Group

Several hedge funds have recently added to or reduced their stakes in WEYS. Empowered Funds LLC boosted its position in Weyco Group by 8.2% during the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,285 shares during the period. Geode Capital Management LLC increased its holdings in shares of Weyco Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after buying an additional 2,224 shares during the period. Rhumbline Advisers lifted its stake in shares of Weyco Group by 21.1% in the 2nd quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock valued at $364,000 after acquiring an additional 1,917 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Weyco Group in the 2nd quarter valued at about $204,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Weyco Group by 4.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock valued at $3,182,000 after acquiring an additional 4,186 shares during the period. 23.59% of the stock is owned by institutional investors.

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.