California State Teachers Retirement System Sells 300 Shares of Weyco Group Inc. (WEYS)
California State Teachers Retirement System lowered its stake in Weyco Group Inc. (NASDAQ:WEYS) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 13,623 shares of the company’s stock after selling 300 shares during the period. California State Teachers Retirement System owned about 0.13% of Weyco Group worth $378,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in WEYS. Bank of New York Mellon Corp increased its stake in shares of Weyco Group by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 77,740 shares of the company’s stock worth $2,160,000 after buying an additional 3,024 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Weyco Group by 1.4% in the first quarter. Geode Capital Management LLC now owns 39,308 shares of the company’s stock worth $1,046,000 after buying an additional 548 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Weyco Group during the first quarter worth approximately $140,000. Bank of Montreal Can purchased a new stake in shares of Weyco Group during the second quarter worth approximately $316,000. Finally, Renaissance Technologies LLC increased its stake in shares of Weyco Group by 4.3% in the first quarter. Renaissance Technologies LLC now owns 31,500 shares of the company’s stock worth $839,000 after buying an additional 1,300 shares in the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.
Weyco Group Inc. (NASDAQ:WEYS) traded up 0.3047% on Friday, hitting $26.7011. 3,790 shares of the company were exchanged. The stock has a market cap of $281.40 million, a PE ratio of 17.5897 and a beta of 0.54. The firm has a 50 day moving average of $26.42 and a 200-day moving average of $27.03. Weyco Group Inc. has a 52-week low of $22.94 and a 52-week high of $29.18.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $56.90 million for the quarter, compared to analyst estimates of $63.98 million. Weyco Group had a net margin of 5.16% and a return on equity of 8.16%. On average, equities analysts expect that Weyco Group Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $0.84 dividend on an annualized basis and a yield of 3.16%. Weyco Group’s dividend payout ratio (DPR) is 56.00%.
A number of research firms recently commented on WEYS. Zacks Investment Research raised shares of Weyco Group from a “sell” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, July 5th. TheStreet downgraded shares of Weyco Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Weyco Group in a research report on Saturday, August 6th.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe.
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