Weyco Group (NASDAQ:WEYS) Stock: Insider Frederick Stratton, Jr. Sells 2,030 Shares

Weyco Group, Inc. (NASDAQ:WEYS) Director Frederick Stratton, Jr. sold 2,030 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $61.70, for a total value of $125,251.00. Following the completion of the sale, the director owned 415 shares in the company, valued at approximately $25,605.50. This trade represents a 83.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Weyco Group Price Performance

WEYS stock opened at $60.90 on Thursday. The stock has a market capitalization of $581.60 million, a P/E ratio of 14.69 and a beta of 0.91. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $68.39. The business has a 50-day moving average of $50.43 and a 200-day moving average of $39.69.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $77.02 million for the quarter. Weyco Group had a return on equity of 15.83% and a net margin of 13.96%.

Weyco Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, November 17th. Weyco Group’s dividend payout ratio (DPR) is currently 27.12%.

Institutional Trading of Weyco Group

A number of hedge funds and other institutional investors have recently modified their holdings of WEYS. Ritholtz Wealth Management boosted its position in Weyco Group by 13.6% during the third quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker’s stock valued at $1,117,000 after purchasing an additional 2,755 shares during the last quarter. Associated Banc Corp acquired a new position in shares of Weyco Group during the 3rd quarter worth approximately $2,164,000. Signaturefd LLC acquired a new position in shares of Weyco Group during the 3rd quarter worth approximately $49,000. Empowered Funds LLC acquired a new position in shares of Weyco Group during the 2nd quarter worth approximately $2,116,000. Finally, BlackRock Inc. bought a new stake in shares of Weyco Group during the 2nd quarter worth approximately $18,215,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analysts Set New Price Targets

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

About Weyco Group

Weyco Group is a footwear company that designs, markets and distributes shoes under brands including Florsheim, Nunn Bush, Stacy Adams, BOGS and Rafters. Its products include dress and casual shoes, boots and other footwear for men, women and children. The company sells through wholesale customers and its own e-commerce and retail channels. Its footwear is marketed primarily in North America, with international operations and distribution in markets including Australia and South Africa. Weyco’s roots date to 1892, when the Weyenberg family began manufacturing shoes in Milwaukee, Wisconsin.