Weyco Group (NASDAQ:WEYS) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Weyco Group, Inc. (NASDAQ:WEYS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.45 and traded as high as $34.79. Weyco Group shares last traded at $34.23, with a volume of 5,916 shares.

Weyco Group Stock Down 1.0 %

The stock has a fifty day simple moving average of $33.59 and a 200 day simple moving average of $31.45. The firm has a market capitalization of $325.19 million, a P/E ratio of 11.15 and a beta of 0.71.

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

Weyco Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, August 19th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Monday, August 19th. Weyco Group’s dividend payout ratio (DPR) is presently 33.88%.

Insider Activity at Weyco Group

In other Weyco Group news, insider Damian Walton sold 1,340 shares of Weyco Group stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.50, for a total value of $43,550.00. Following the sale, the insider now directly owns 7,030 shares in the company, valued at approximately $228,475. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 3,078 shares of company stock valued at $102,351. Corporate insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Weyco Group

Institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Weyco Group during the 2nd quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC raised its stake in Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,654 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Weyco Group by 83.6% during the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 1,456 shares in the last quarter. Denali Advisors LLC grew its stake in shares of Weyco Group by 88.0% in the 1st quarter. Denali Advisors LLC now owns 4,700 shares of the textile maker’s stock worth $150,000 after buying an additional 2,200 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Weyco Group by 23.4% in the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after buying an additional 1,893 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.