Weyco Group (NASDAQ:WEYS) VP Dustin Combs Sells 308 Shares of 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 shares were sold at an average price of $44.36, for a total value of $13,662.88. Following the completion of the transaction, the vice president directly owned 3,786 shares of the company’s stock, valued at approximately $167,946.96. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

Weyco Group Trading Down 1.0%

WEYS stock opened at $44.13 on Tuesday. The stock has a market cap of $421.44 million, a PE ratio of 12.16 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 has a 50-day moving average price of $42.51 and a two-hundred day moving average price of $37.33.

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

Weyco Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WEYS shares. Wall Street Zen raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Weyco Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in shares of Weyco Group during the second quarter worth $2,952,000. BlackRock Inc. bought a new position in shares of Weyco Group during the second quarter worth about $18,215,000. Empowered Funds LLC bought a new position in Weyco Group during the 2nd quarter worth approximately $2,116,000. California State Teachers Retirement System lifted its holdings in Weyco Group by 901.2% in the second quarter. California State Teachers Retirement System now owns 3,304 shares of the textile maker’s stock valued at $130,000 after buying an additional 2,974 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Weyco Group in the 2nd quarter valued at about $235,000. 23.59% of the stock is owned by institutional investors.

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.