Tina Chang Sells 3,000 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) Director Tina Chang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $45.07, for a total value of $135,210.00. Following the transaction, the director directly owned 17,833 shares of the company’s stock, valued at $803,733.31. The trade was a 14.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Weyco Group Stock Performance

WEYS traded down $0.81 on Thursday, reaching $44.01. The company had a trading volume of 3,401 shares, compared to its average volume of 17,170. The business has a 50 day simple moving average of $41.60 and a 200 day simple moving average of $36.59. The company has a market cap of $420.30 million, a price-to-earnings ratio of 12.12 and a beta of 0.89. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $48.67.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The business had revenue of $62.22 million during the quarter.

Weyco Group Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co bought a new position in shares of Weyco Group during the 4th quarter valued at $30,000. BNP Paribas Financial Markets lifted its stake in 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Weyco Group during the fourth quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its position 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 stake in Weyco Group during the fourth quarter valued at about $72,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weyco Group has a consensus rating of “Buy”.

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.