9,094 Shares in Weyco Group, Inc. $WEYS Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Weyco Group, Inc. worth approximately $277,000, indicating continued investor interest in the textile maker.
• Weyco Group declared a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 3.5% and a payout ratio of 40.15%.
• Weyco Group's stock price opened at $30.87, with a market capitalization of $294.50 million and a price-to-earnings ratio of 11.48.

Nuveen LLC acquired a new position in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,094 shares of the textile maker's stock, valued at approximately $277,000. Nuveen LLC owned about 0.09% of Weyco Group at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of 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 acquiring an additional 775 shares during the last quarter. Deutsche Bank AG raised its position in shares of Weyco Group by 93.0% during the fourth 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 during the last quarter. Barclays PLC raised its position 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 worth $342,000 after acquiring an additional 1,103 shares during the last quarter. Bank of America Corp DE raised its position in shares of Weyco Group by 12.3% during the fourth quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock worth $450,000 after acquiring an additional 1,313 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Weyco Group by 34.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,051 shares of the textile maker's stock worth $527,000 after acquiring an additional 3,630 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors.

Weyco Group Stock Performance

Shares of WEYS traded up $0.87 during mid-day trading on Thursday, reaching $30.75. 8,333 shares of the company were exchanged, compared to its average volume of 12,931. Weyco Group, Inc. has a 52 week low of $25.51 and a 52 week high of $41.05. The stock has a market capitalization of $293.36 million, a PE ratio of 11.43 and a beta of 1.02. The business has a 50 day simple moving average of $30.90 and a two-hundred day simple moving average of $30.93.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.24 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 10.34% and a net margin of 9.20%.The company had revenue of $58.22 million during the quarter.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, August 18th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.08 annualized dividend and a yield of 3.5%. Weyco Group's dividend payout ratio (DPR) is currently 40.15%.

Weyco Group Company Profile

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.