Weyco Group (NASDAQ:WEYS) VP Dustin Combs Sells 1,096 Shares

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 1,096 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $44.64, for a total value of $48,925.44. Following the completion of the sale, the vice president owned 4,384 shares of the company’s stock, valued at approximately $195,701.76. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Weyco Group Stock Up 1.2%

NASDAQ WEYS opened at $45.39 on Friday. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $48.67. The business’s fifty day simple moving average is $41.19 and its 200-day simple moving average is $36.28. The firm has a market cap of $433.47 million, a PE ratio of 12.50 and a beta of 0.88.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The company 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings upgraded Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after buying an additional 5,294 shares in the last quarter. BlackRock Inc. acquired a new position in Weyco Group during the 2nd quarter worth approximately $18,215,000. Vanguard Group Inc. increased its position in shares of Weyco Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock valued at $11,019,000 after purchasing an additional 2,792 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Weyco Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after purchasing an additional 2,224 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Weyco Group by 2.4% in the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock valued at $3,304,000 after purchasing an additional 2,381 shares in the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

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.