Damian Walton Sells 1,100 Shares of Weyco Group (NASDAQ:WEYS) Stock

Key Points

• Insider sale: Damian Walton sold 1,100 Weyco Group shares at $43.00 each for $47,300, reducing his ownership by 14.32% to 6,580 shares.
• Stock and financial performance: Weyco shares recently traded at $46.36, near their 52-week high of $48.67. The company reported quarterly EPS of $1.39 on revenue of $62.22 million.
• Dividend and analyst view: Weyco declared a quarterly dividend of $0.28 per share, representing a 2.4% annual yield. Analysts maintain a consensus “Hold” rating, while institutional investors own 23.59% of the stock.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) insider Damian Walton sold 1,100 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $47,300.00. Following the sale, the insider owned 6,580 shares of the company's stock, valued at approximately $282,940. The trade was a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Weyco Group Trading Up 0.3%

Shares of NASDAQ:WEYS traded up $0.14 during trading on Tuesday, reaching $46.36. 2,447 shares of the company traded hands, compared to its average volume of 16,481. The firm has a market capitalization of $441.90 million, a price-to-earnings ratio of 12.77 and a beta of 0.88. The business's fifty day moving average is $38.52 and its 200-day moving average is $34.94. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $48.67.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $62.22 million for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.

Weyco Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. Weyco Group's dividend payout ratio is 30.85%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker's stock valued at $18,871,000 after buying an additional 5,294 shares during the period. BlackRock Inc. purchased a new position in shares of Weyco Group during the 2nd quarter valued at approximately $18,215,000. Vanguard Group Inc. increased its stake in shares of Weyco Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker's stock worth $11,019,000 after purchasing an additional 2,792 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Weyco Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker's stock valued at $5,313,000 after purchasing an additional 2,224 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Weyco Group by 2.4% during the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker's stock worth $3,304,000 after purchasing an additional 2,381 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WEYS. Weiss Ratings reiterated a "hold (c+)" rating on shares of Weyco Group in a report on Friday. Wall Street Zen raised shares of Weyco Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company NASDAQ: WEYS based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men's dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.

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