Weyco Group (NASDAQ:WEYS) VP Dustin Combs Sells 290 Shares

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 290 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $44.17, for a total transaction of $12,809.30. Following the completion of the transaction, the vice president owned 4,094 shares of the company’s stock, valued at $180,831.98. This represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dustin Combs also recently made the following trade(s):

• On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The stock was sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Price Performance

Shares of Weyco Group stock opened at $44.61 on Friday. The firm’s fifty day simple moving average is $42.30 and its 200-day simple moving average is $37.14. The stock has a market capitalization of $426.03 million, a price-to-earnings ratio of 12.29 and a beta of 0.89. Weyco Group, Inc. has a 12 month low of $27.25 and a 12 month high of $48.67.

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

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid 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 is 30.85%.

Institutional Investors Weigh In On Weyco Group

Hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co acquired a new position in Weyco Group during the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its stake 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 buying an additional 832 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Weyco Group by 172.5% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Weyco Group in the fourth quarter valued at approximately $55,000. Finally, Los Angeles Capital Management LLC acquired a new position in Weyco Group during the fourth quarter worth $72,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on WEYS shares. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.