Weyco Group (NASDAQ:WEYS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Weyco Group, Inc. (NASDAQ:WEYS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.08 and traded as high as $33.83. Weyco Group shares last traded at $32.98, with a volume of 8,032 shares.

Weyco Group Stock Up 1.9 %

The company has a market cap of $319.20 million, a PE ratio of 10.94 and a beta of 0.71. The business’s fifty day moving average is $33.11 and its 200-day moving average is $31.12.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.59 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The company had revenue of $63.93 million for the quarter.

Weyco Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, August 19th. Weyco Group’s payout ratio is 33.88%.

Insiders Place Their Bets

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00. Following the sale, the insider now owns 7,030 shares in the company, valued at approximately $228,475. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,078 shares of company stock worth $102,351. Company insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Annex Advisory Services LLC increased its position in Weyco Group by 7.8% in the first quarter. Annex Advisory Services LLC now owns 17,101 shares of the textile maker’s stock worth $545,000 after purchasing an additional 1,244 shares during the last quarter. Denali Advisors LLC increased its position in Weyco Group by 88.0% in the first quarter. Denali Advisors LLC now owns 4,700 shares of the textile maker’s stock worth $150,000 after purchasing an additional 2,200 shares during the last quarter. BNP Paribas Financial Markets increased its position 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 worth $102,000 after purchasing an additional 1,456 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Weyco Group by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock worth $699,000 after buying an additional 1,810 shares during the period. Finally, Empowered Funds LLC boosted its stake in Weyco Group by 21.5% during the first quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock worth $1,019,000 after buying an additional 5,656 shares during the period. Institutional investors own 23.59% of the company’s stock.

Weyco Group Company Profile

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.