Weyco Group (NASDAQ:WEYS) CFO Judy Anderson Sells 2,602 Shares of 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 transaction, the chief financial officer directly owned 14,418 shares in the company, valued at $623,866.86. This represents a 15.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weyco Group Stock Performance

Shares of Weyco Group stock opened at $46.17 on Friday. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $46.50. The stock’s 50-day simple moving average is $38.31 and its 200 day simple moving average is $34.80. The stock has a market capitalization of $440.09 million, a P/E ratio of 12.72 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 earnings per share for the quarter. The firm had revenue of $62.22 million during the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.18%.

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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WEYS. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Institutional Trading of Weyco Group

Several institutional investors and hedge funds have recently bought and sold shares of WEYS. CANADA LIFE ASSURANCE Co purchased a new position in shares of Weyco Group during the 4th quarter valued at $30,000. BNP Paribas Financial Markets increased 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 worth $48,000 after purchasing 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 $55,000. Tower Research Capital LLC TRC boosted its stake in Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,133 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Weyco Group during the fourth quarter worth about $72,000. 23.59% of the stock is currently owned by hedge funds and other 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.