Weyco Group, Inc. (NASDAQ:WEYS) VP Katherine Destinon Sells 1,600 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Katherine Destinon sold 1,600 shares of Weyco Group stock in a transaction on Friday, June 14th. The stock was sold at an average price of $29.50, for a total value of $47,200.00. Following the sale, the vice president now directly owns 3,789 shares of the company’s stock, valued at $111,775.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weyco Group Stock Up 0.5 %

Shares of Weyco Group stock opened at $30.20 on Tuesday. Weyco Group, Inc. has a 12 month low of $24.47 and a 12 month high of $33.70. The business has a fifty day simple moving average of $29.55 and a 200 day simple moving average of $30.62. The stock has a market cap of $286.90 million, a PE ratio of 9.84 and a beta of 0.74.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $0.69 EPS for the quarter. Weyco Group had a return on equity of 12.27% and a net margin of 9.69%. The business had revenue of $71.56 million during the quarter.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.44%. This is a boost from Weyco Group’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, May 16th. Weyco Group’s payout ratio is presently 33.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in Weyco Group by 5.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock valued at $713,000 after acquiring an additional 1,212 shares during the period. Vanguard Group Inc. grew its stake in Weyco Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock valued at $10,818,000 after acquiring an additional 2,799 shares during the period. Empowered Funds LLC grew its stake in Weyco Group by 21.5% in the first quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock valued at $1,019,000 after acquiring an additional 5,656 shares during the period. Janney Montgomery Scott LLC grew its stake in Weyco Group by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after acquiring an additional 1,810 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Weyco Group by 83.6% in the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock valued at $102,000 after acquiring an additional 1,456 shares during the period. 23.59% of the stock is owned by institutional investors and hedge funds.

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.