Weyco Group, Inc. (NASDAQ:WEYS) Stock Holdings Reduced by Annex Advisory Services LLC

Annex Advisory Services LLC lowered its holdings in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 32.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,204 shares of the textile maker's stock after selling 11,224 shares during the period. Annex Advisory Services LLC owned approximately 0.24% of Weyco Group worth $707,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Weyco Group by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock worth $152,000 after purchasing an additional 775 shares during the period. Martingale Asset Management L P bought a new stake in Weyco Group in the fourth quarter valued at approximately $218,000. LPL Financial LLC bought a new position in shares of Weyco Group during the fourth quarter valued at approximately $324,000. Deutsche Bank AG raised its position in shares of Weyco Group by 93.0% in the 4th quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker's stock worth $339,000 after acquiring an additional 4,348 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Weyco Group by 13.8% during the fourth quarter. Barclays PLC now owns 9,106 shares of the textile maker's stock valued at $342,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Weyco Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 9th.

Weyco Group Stock Up 0.7%

Shares of WEYS stock traded up $0.22 on Friday, hitting $31.91. The stock had a trading volume of 13,334 shares, compared to its average volume of 14,500. The company has a market cap of $305.67 million, a PE ratio of 10.57 and a beta of 0.92. Weyco Group, Inc. has a one year low of $25.51 and a one year high of $41.05. The business has a 50 day moving average price of $30.42 and a 200 day moving average price of $33.17.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $68.03 million during the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 16th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from Weyco Group's previous quarterly dividend of $0.26. Weyco Group's dividend payout ratio (DPR) is presently 35.53%.

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.