Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells 290 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 290 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $44.17, for a total value of $12,809.30. Following the completion of the transaction, the vice president owned 4,094 shares of the company’s stock, valued at $180,831.98. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dustin Combs also recently made the following trade(s):

• On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The stock was sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Trading Down 0.6%

Shares of WEYS traded down $0.29 during midday trading on Thursday, hitting $44.61. The stock had a trading volume of 25,700 shares, compared to its average volume of 17,443. The business has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $37.06. The firm has a market cap of $426.03 million, a P/E ratio of 12.29 and a beta of 0.89. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $48.67.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share for the quarter. The firm had revenue of $62.22 million for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%.

Weyco Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s dividend payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports 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 raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Weyco Group presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Weyco Group

A number of hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets increased its stake in shares of Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after purchasing an additional 832 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after purchasing an additional 1,133 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Weyco Group during the 4th quarter valued at $55,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Weyco Group in the 4th quarter valued at $72,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

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.