Total Wealth Planning & Management Inc. Invests $822,000 in Weyco Group, Inc. $WEYS

Total Wealth Planning & Management Inc. purchased a new position in shares of Weyco Group, Inc. (NASDAQ:WEYS) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 24,788 shares of the textile maker’s stock, valued at approximately $822,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Weyco Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock worth $1,316,000 after purchasing an additional 3,285 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Weyco Group by 48.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker’s stock worth $728,000 after purchasing an additional 7,752 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Weyco Group by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker’s stock worth $550,000 after purchasing an additional 903 shares during the period. Strs Ohio acquired a new position in shares of Weyco Group during the 1st quarter worth $466,000. Finally, Bank of America Corp DE grew its stake in shares of Weyco Group by 12.3% during the 4th quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker’s stock worth $450,000 after purchasing an additional 1,313 shares during the period. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weyco Group in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Weyco Group Trading Down 0.4%

Shares of NASDAQ WEYS opened at $28.79 on Friday. Weyco Group, Inc. has a 52 week low of $25.51 and a 52 week high of $41.05. The stock has a market cap of $274.66 million, a price-to-earnings ratio of 10.70 and a beta of 0.98. The company’s 50-day moving average price is $29.96 and its 200 day moving average price is $30.70.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%. The company had revenue of $58.22 million for the quarter.

Weyco Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 18th. Weyco Group’s dividend payout ratio (DPR) is currently 40.15%.

About Weyco Group

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.