Jeffrey Douglass Sells 633 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 633 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $35.86, for a total value of $22,699.38. Following the transaction, the vice president owned 8,178 shares in the company, valued at $293,263.08. This represents a 7.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Weyco Group Stock Up 1.1%

Shares of Weyco Group stock traded up $0.40 on Tuesday, reaching $36.68. The company’s stock had a trading volume of 7,205 shares, compared to its average volume of 14,509. The company has a market capitalization of $349.56 million, a P/E ratio of 14.79 and a beta of 0.90. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $37.25. The stock has a 50-day moving average price of $34.53 and a 200-day moving average price of $32.73.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 9.63% and a net margin of 8.57%.The firm had revenue of $68.01 million for the quarter.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.1%. Weyco Group’s payout ratio is 45.16%.

Institutional Trading of Weyco Group

Large investors have recently bought and sold shares of the business. Empowered Funds LLC raised 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 acquiring an additional 1,787 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Weyco Group by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after purchasing an additional 5,294 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Weyco Group by 57.0% in the first quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker’s stock valued at $396,000 after purchasing an additional 4,486 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Weyco Group by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker’s stock valued at $3,078,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Weyco Group by 9.9% in the fourth quarter. Barclays PLC now owns 9,615 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WEYS shares. Wall Street Zen raised shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average 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.