Michael Bernsteen Sells 4,344 Shares of Weyco Group, Inc. (WEYS) Stock
Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 4,344 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $28.00, for a total value of $121,632.00. Following the sale, the vice president now directly owns 3,765 shares of the company’s stock, valued at approximately $105,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Michael Bernsteen also recently made the following trade(s):
- On Thursday, September 7th, Michael Bernsteen sold 250 shares of Weyco Group stock. The stock was sold at an average price of $27.91, for a total value of $6,977.50.
- On Thursday, August 17th, Michael Bernsteen sold 5,886 shares of Weyco Group stock. The stock was sold at an average price of $27.55, for a total value of $162,159.30.
Shares of Weyco Group, Inc. (NASDAQ:WEYS) opened at 27.99 on Thursday. The firm has a market cap of $286.53 million, a PE ratio of 18.07 and a beta of 0.70. The company’s 50-day moving average price is $27.57 and its 200 day moving average price is $27.57. Weyco Group, Inc. has a 1-year low of $23.75 and a 1-year high of $32.30.
Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Weyco Group had a return on equity of 6.93% and a net margin of 5.65%. The company had revenue of $57.45 million during the quarter. On average, analysts predict that Weyco Group, Inc. will post $1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, August 30th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.15%. Weyco Group’s dividend payout ratio is presently 56.77%.
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A number of large investors have recently made changes to their positions in WEYS. Teachers Advisors LLC increased its holdings in Weyco Group by 27.1% during the 4th quarter. Teachers Advisors LLC now owns 12,890 shares of the textile maker’s stock valued at $403,000 after purchasing an additional 2,746 shares during the period. Nationwide Fund Advisors increased its holdings in Weyco Group by 6.2% during the 1st quarter. Nationwide Fund Advisors now owns 5,839 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 343 shares during the period. Bank of New York Mellon Corp increased its holdings in Weyco Group by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 91,079 shares of the textile maker’s stock valued at $2,558,000 after purchasing an additional 3,348 shares during the period. Swiss National Bank increased its holdings in Weyco Group by 18.2% during the 1st quarter. Swiss National Bank now owns 10,400 shares of the textile maker’s stock valued at $292,000 after purchasing an additional 1,600 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Weyco Group by 1.7% during the 1st quarter. Baird Financial Group Inc. now owns 43,566 shares of the textile maker’s stock valued at $1,223,000 after purchasing an additional 713 shares during the period. Institutional investors own 32.92% of the company’s stock.
WEYS has been the subject of several recent analyst reports. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet cut Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
About Weyco Group
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 (Florsheim Europe).
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