Annex Advisory Services LLC Cuts Stake in Weyco Group, Inc. (NASDAQ:WEYS)

Annex Advisory Services LLC lowered its position in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 0.24% of Weyco Group worth $707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WEYS. Allspring Global Investments Holdings LLC boosted its position in Weyco Group by 22,965.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker's stock valued at $606,000 after acquiring an additional 16,076 shares in the last quarter. Empowered Funds LLC boosted its position in Weyco Group by 10.7% during the fourth quarter. Empowered Funds LLC now owns 39,890 shares of the textile maker's stock valued at $1,498,000 after purchasing an additional 3,848 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Weyco Group in the fourth quarter valued at about $1,023,000. Deutsche Bank AG grew its stake in Weyco Group by 93.0% in the fourth quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker's stock valued at $339,000 after purchasing an additional 4,348 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Weyco Group by 0.8% in the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock worth $2,295,000 after purchasing an additional 463 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Weyco Group Price Performance

NASDAQ:WEYS traded down $0.24 during mid-day trading on Monday, hitting $31.67. The company's stock had a trading volume of 11,423 shares, compared to its average volume of 14,491. The business's fifty day moving average is $30.44 and its two-hundred day moving average is $33.10. The stock has a market cap of $303.37 million, a price-to-earnings ratio of 10.49 and a beta of 0.92. Weyco Group, Inc. has a 1 year low of $25.51 and a 1 year high of $41.05.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The textile maker reported $0.57 EPS for the quarter. The company 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.27 per share. This is a boost from Weyco Group's previous quarterly dividend of $0.26. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 3.41%. Weyco Group's dividend payout ratio (DPR) is 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.