Judy Anderson Sells 2,602 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,602 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $43.27, for a total value of $112,588.54. Following the completion of the transaction, the chief financial officer directly owned 14,418 shares in the company, valued at approximately $623,866.86. The trade was a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weyco Group Price Performance

Shares of WEYS stock opened at $46.17 on Friday. The firm has a market capitalization of $440.00 million, a price-to-earnings ratio of 12.72 and a beta of 0.88. The business has a fifty day moving average of $38.31 and a 200 day moving average of $34.80. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $46.50.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. The business had revenue of $62.22 million for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.

Weyco Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.28 per share. 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 2.4%. Weyco Group’s payout ratio is 30.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Weyco Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co purchased a new position in shares of Weyco Group during the 4th quarter valued at about $30,000. BNP Paribas Financial Markets lifted its holdings in shares of Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after buying an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Weyco Group in the fourth quarter worth about $55,000. Tower Research Capital LLC TRC boosted its stake in shares of Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after buying an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Weyco Group during the fourth quarter worth about $72,000. 23.59% of the stock is owned by institutional investors and hedge funds.

About Weyco Group

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.