Dustin Combs Sells 308 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 308 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $44.36, for a total transaction of $13,662.88. Following the transaction, the vice president owned 3,786 shares in the company, valued at $167,946.96. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Dustin Combs also recently made the following trade(s):

• On Thursday, September 10th, Dustin Combs sold 290 shares of Weyco Group stock. The shares were sold at an average price of $44.17, for a total transaction of $12,809.30.
• On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The shares were sold at an average price of $44.64, for a total transaction of $48,925.44.

Weyco Group Price Performance

WEYS opened at $44.54 on Wednesday. The company’s 50 day simple moving average is $42.65 and its two-hundred day simple moving average is $37.42. Weyco Group, Inc. has a 1-year low of $27.25 and a 1-year high of $48.67. The firm has a market capitalization of $425.36 million, a price-to-earnings ratio of 12.27 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS) last posted 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 14.04% and a net margin of 12.39%.The business had revenue of $62.22 million during the quarter.

Weyco Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s dividend payout ratio is presently 30.85%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Weyco Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEYS. Empowered Funds LLC increased its holdings in Weyco Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock valued at $1,724,000 after purchasing an additional 1,787 shares during the last quarter. IFG Advisory LLC grew its stake in shares of Weyco Group by 39.7% in the fourth quarter. IFG Advisory LLC now owns 10,517 shares of the textile maker’s stock valued at $322,000 after buying an additional 2,990 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Weyco Group by 57.0% in the 1st quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker’s stock valued at $396,000 after buying an additional 4,486 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 buying an additional 5,294 shares during the period. Finally, Deutsche Bank AG acquired a new position in Weyco Group during the 2nd quarter worth about $235,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

About Weyco Group

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men’s shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group’s brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.