Weyco Group (NASDAQ:WEYS) Stock: Insider Judy Anderson Sells 1,263 Shares

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,263 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $60.12, for a total transaction 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 $922,300.92. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $44.00, for a total value of $68,420.00.

Weyco Group Stock Performance

Weyco Group stock opened at $60.68 on Wednesday. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $68.39. The stock has a market cap of $579.55 million, a price-to-earnings ratio of 14.69 and a beta of 0.91. The stock’s 50 day simple moving average is $50.09 and its two-hundred day simple moving average is $39.54.

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

Weyco Group Dividend Announcement

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

Institutional Trading of Weyco Group

A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in shares of Weyco Group in the 3rd quarter worth approximately $49,000. Deutsche Bank AG bought a new position in Weyco Group during the 2nd quarter valued at approximately $235,000. Ritholtz Wealth Management raised its stake 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 buying an additional 2,755 shares during the last quarter. Associated Banc Corp purchased a new position in Weyco Group during the third quarter valued at $2,164,000. Finally, Empowered Funds LLC purchased a new position in Weyco Group during the second quarter valued at $2,116,000. 23.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WEYS shares. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. 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. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Weyco Group presently has an average rating of “Buy”.

Weyco Group Company Profile

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.