Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells $14,540.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 400 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $36.35, for a total transaction of $14,540.00. Following the sale, the vice president owned 7,778 shares of the company’s stock, valued at $282,730.30. This trade represents a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weyco Group Stock Up 3.2%

Shares of WEYS stock opened at $37.30 on Friday. The company has a market capitalization of $355.47 million, a P/E ratio of 15.04 and a beta of 0.90. Weyco Group, Inc. has a 12-month low of $27.25 and a 12-month high of $37.80. The firm has a 50-day moving average price of $34.78 and a 200 day moving average price of $32.86.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, May 5th. The textile maker reported $0.64 earnings per share for the quarter. The firm had revenue of $68.00 million for the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%.

Weyco Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, May 19th will be paid a $0.28 dividend. This is an increase from Weyco Group’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Weyco Group’s payout ratio is presently 45.16%.

Analyst Ratings Changes

Several research analysts recently issued reports on WEYS shares. Wall Street Zen upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group in the 4th quarter valued at $30,000. BNP Paribas Financial Markets lifted its stake in shares of Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Weyco Group during the fourth quarter valued at $55,000. Tower Research Capital LLC TRC boosted its holdings in 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 valued at $59,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Weyco Group in the fourth quarter valued at about $72,000. 23.59% of the stock is currently owned by institutional investors.

Weyco Group Company Profile

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.