Weyco Group (NASDAQ:WEYS) CFO Sells $75,931.56 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,263 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $60.12, for a total value of $75,931.56. Following the completion of the sale, the chief financial officer owned 15,341 shares of the company’s stock, valued at approximately $922,300.92. The trade was a 7.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Judy Anderson also recently made the following trade(s):

• On Monday, September 14th, Judy Anderson sold 1,555 shares of Weyco Group stock. The stock was sold at an average price of $44.00, for a total value of $68,420.00.

Weyco Group Stock Performance

Shares of NASDAQ WEYS traded up $0.07 during trading on Monday, hitting $60.76. 32,846 shares of the company were exchanged, compared to its average volume of 21,746. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $68.39. The company has a fifty day moving average price of $49.47 and a 200-day moving average price of $39.25. The firm has a market capitalization of $580.26 million, a PE ratio of 14.71 and a beta of 0.91.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 13.96% and a return on equity of 16.11%. The firm had revenue of $77.02 million during the quarter.

Weyco Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Tuesday, November 17th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 17th. Weyco Group’s payout ratio is presently 27.12%.

Institutional Trading of Weyco Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of Weyco Group in the third quarter valued at $49,000. Deutsche Bank AG purchased a new stake in shares of Weyco Group in the 2nd quarter valued at $235,000. Ritholtz Wealth Management lifted its stake in Weyco Group by 13.6% during the 3rd quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker’s stock worth $1,117,000 after acquiring an additional 2,755 shares in the last quarter. Empowered Funds LLC lifted its stake in Weyco Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock worth $1,724,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Associated Banc Corp purchased a new position in Weyco Group during the 3rd quarter valued at about $2,164,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Analyst Ratings Changes

WEYS has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy”.

About Weyco Group

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.