Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells $22,699.38 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Jeffrey Douglass sold 633 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $35.86, for a total transaction of $22,699.38. Following the completion of the transaction, the vice president owned 8,178 shares in the company, valued at $293,263.08. The trade was a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Weyco Group Price Performance

Weyco Group stock opened at $37.30 on Friday. The firm has a market cap of $355.47 million, a price-to-earnings ratio of 15.04 and a beta of 0.90. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $37.80. The firm has a fifty day moving average price of $34.78 and a two-hundred day moving average price of $32.86.

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

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, May 19th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.27. Weyco Group’s dividend payout ratio is currently 45.16%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co acquired a new stake in Weyco Group during the fourth quarter worth about $30,000. BNP Paribas Financial Markets raised its holdings in Weyco Group by 107.1% in the 3rd 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Weyco Group by 172.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after acquiring an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Weyco Group in the 4th quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Weyco Group during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.