Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Update

Weyco Group, Inc. (NASDAQ:WEYS) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 65,241 shares, a decline of 21.1% from the March 31st total of 82,636 shares. Based on an average daily volume of 13,099 shares, the short-interest ratio is presently 5.0 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Trading of Weyco Group

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of Weyco Group by 7.8% in the third quarter. Russell Investments Group Ltd. now owns 7,802 shares of the textile maker’s stock valued at $235,000 after purchasing an additional 563 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 832 shares in the last quarter. Barclays PLC lifted its holdings in shares of Weyco Group by 9.9% in the fourth quarter. Barclays PLC now owns 9,615 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 869 shares in the last quarter. IFG Advisory LLC lifted its holdings in shares of Weyco Group by 14.1% in the third quarter. IFG Advisory LLC now owns 7,527 shares of the textile maker’s stock valued at $226,000 after purchasing an additional 932 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new stake in shares of Weyco Group in the fourth quarter valued at about $30,000. 23.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Weyco Group from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Weyco Group has a consensus rating of “Buy”.

Weyco Group Trading Up 0.2%

WEYS stock opened at $33.04 on Friday. The business’s 50-day moving average price is $33.01 and its two-hundred day moving average price is $31.66. The firm has a market cap of $314.90 million, a PE ratio of 13.71 and a beta of 0.89. Weyco Group has a 1-year low of $27.25 and a 1-year high of $35.18.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, March 3rd. The textile maker reported $0.91 earnings per share for the quarter. The firm had revenue of $76.80 million for the quarter. Weyco Group had a return on equity of 9.35% and a net margin of 8.36%.

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, March 13th. This represents a $1.08 annualized dividend and a yield of 3.3%. Weyco Group’s payout ratio is currently 44.81%.

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.