Insider Selling: Weyco Group (NASDAQ:WEYS) Director Sells $125,251.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) Director Frederick Stratton, Jr. sold 2,030 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was 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. The trade was a 83.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Weyco Group Stock Down 1.9%

Shares of Weyco Group stock opened at $59.77 on Friday. The stock’s fifty day moving average is $50.73 and its two-hundred day moving average is $39.84. The company has a market capitalization of $570.80 million, a PE ratio of 14.75 and a beta of 0.91. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $68.39.

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

Weyco Group Announces Dividend

The business 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 1.9%. The ex-dividend date of this dividend is Tuesday, November 17th. Weyco Group’s payout ratio is currently 27.12%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WEYS shares. Weiss Ratings raised 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 report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Weyco Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Weyco Group during the second quarter worth $2,952,000. BlackRock Inc. acquired a new stake in shares of Weyco Group in the 2nd quarter worth $18,215,000. Associated Banc Corp purchased a new position in Weyco Group during the 3rd quarter worth $2,164,000. Empowered Funds LLC acquired a new position in Weyco Group during the 2nd quarter valued at about $2,116,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Weyco Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after acquiring an additional 5,294 shares in the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.