Tina Chang Sells 3,000 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) Director Tina Chang sold 3,000 shares of Weyco Group stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $45.07, for a total value of $135,210.00. Following the completion of the sale, the director directly owned 17,833 shares of the company’s stock, valued at approximately $803,733.31. The trade was a 14.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Weyco Group Price Performance

Shares of NASDAQ:WEYS opened at $45.37 on Friday. The company has a market cap of $433.28 million, a P/E ratio of 12.50 and a beta of 0.89. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $48.67. The stock’s fifty day moving average price is $41.87 and its 200-day moving average price is $36.74.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The company had revenue of $62.22 million during the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.

Weyco Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 2.5%. Weyco Group’s dividend payout ratio is 30.85%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group in the fourth quarter worth approximately $30,000. BNP Paribas Financial Markets raised its holdings in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after purchasing an additional 832 shares during the period. Tower Research Capital LLC TRC lifted its position in Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Weyco Group during the fourth quarter valued at $55,000. Finally, Los Angeles Capital Management LLC bought a new stake in Weyco Group during the fourth quarter valued at about $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.