Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.54 and traded as high as $36.85. Weyco Group shares last traded at $36.69, with a volume of 8,953 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.
View Our Latest Research Report on WEYS
Weyco Group Stock Up 0.6 %
Weyco Group (NASDAQ:WEYS – Get Free Report) last announced its earnings results on Tuesday, November 5th. The textile maker reported $0.84 earnings per share for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The business had revenue of $74.33 million for the quarter.
Weyco Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th were paid a $2.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $9.04 annualized dividend and a dividend yield of 24.64%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s dividend payout ratio is currently 34.44%.
Insider Buying and Selling
In related news, CFO Judy Anderson sold 2,893 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the transaction, the chief financial officer now owns 13,100 shares of the company’s stock, valued at $497,538. This trade represents a 18.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Allison Woss sold 1,463 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the completion of the transaction, the vice president now directly owns 7,623 shares in the company, valued at $288,225.63. This represents a 16.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,685 shares of company stock valued at $214,730 in the last 90 days. Company insiders own 38.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in WEYS. BNP Paribas Financial Markets grew its holdings in Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after acquiring an additional 511 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Weyco Group by 394.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after acquiring an additional 2,000 shares in the last quarter. Barclays PLC grew its holdings in Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after acquiring an additional 5,803 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Weyco Group by 23.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after acquiring an additional 1,893 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Weyco Group by 72.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after acquiring an additional 4,990 shares in 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.
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