Insider Selling: Weyco Group (NASDAQ:WEYS) Director Sells 2,030 Shares of Stock

by · The Markets Daily

Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) Director Frederick Stratton, Jr. sold 2,030 shares of Weyco Group stock in a transaction on Friday, November 6th. The shares were sold at an average price of $61.70, for a total value of $125,251.00. Following the sale, the director directly owned 415 shares of the company’s stock, valued at approximately $25,605.50. The trade was a 83.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Weyco Group Trading Down 0.1%

NASDAQ WEYS traded down $0.08 on Tuesday, reaching $60.68. The stock had a trading volume of 46,362 shares, compared to its average volume of 21,860. Weyco Group, Inc. has a 1 year low of $27.25 and a 1 year high of $68.39. The business has a 50 day moving average price of $49.78 and a 200 day moving average price of $39.40. The company has a market capitalization of $579.49 million, a price-to-earnings ratio of 14.69 and a beta of 0.91.

Weyco Group (NASDAQ:WEYS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share for the quarter. The company had revenue of $77.02 million during the quarter. Weyco Group had a return on equity of 16.11% and a net margin of 13.96%.

Weyco Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Tuesday, November 17th will be issued a $0.28 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Weyco Group’s dividend payout ratio is currently 27.12%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Weyco Group has an average rating of “Buy”.

Read Our Latest Report on WEYS

Institutional Trading of Weyco Group

Large investors have recently made changes to their positions in the stock. Signaturefd LLC acquired a new position in shares of Weyco Group during the 3rd quarter valued at about $49,000. Deutsche Bank AG acquired a new stake in Weyco Group in the 2nd quarter worth approximately $235,000. Ritholtz Wealth Management lifted its holdings in Weyco Group by 13.6% in the 3rd quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker’s stock worth $1,117,000 after purchasing an additional 2,755 shares during the last quarter. Associated Banc Corp bought a new stake in Weyco Group during the third quarter worth approximately $2,164,000. Finally, Empowered Funds LLC bought a new stake in Weyco Group during the second quarter worth approximately $2,116,000. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

(Get Free Report)

Weyco Group, Inc. is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets. The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

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