Total Wealth Planning & Management Inc. Makes New $822,000 Investment in Weyco Group, Inc. $WEYS

Key Points

• Total Wealth Planning & Management Inc. invested approximately $822,000 in Weyco Group, acquiring 24,788 shares and owning about 0.26% of the company as of their latest SEC filing.
• Weyco Group recently reported a quarterly earnings of $0.24 EPS with revenue of $58.22 million, and also paid a quarterly dividend of $0.27 per share with a yield of 3.8%.
• Institutional investors and hedge funds collectively own 23.59% of Weyco Group's stock, indicating significant interest from larger investors in this textile maker.

Total Wealth Planning & Management Inc. purchased a new position in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,788 shares of the textile maker's stock, valued at approximately $822,000. Total Wealth Planning & Management Inc. owned approximately 0.26% of Weyco Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Weyco Group by 48.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after buying an additional 7,752 shares in the last quarter. Nuveen LLC acquired a new position in shares of Weyco Group in the 1st quarter valued at $277,000. Bank of America Corp DE boosted its holdings in shares of Weyco Group by 12.3% in the 4th quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock valued at $450,000 after buying an additional 1,313 shares in the last quarter. Strs Ohio acquired a new position in shares of Weyco Group in the 1st quarter valued at $466,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyco Group by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker's stock valued at $550,000 after buying an additional 903 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Weyco Group in a report on Wednesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

Weyco Group Stock Performance

Shares of Weyco Group stock opened at $28.79 on Friday. The company has a market cap of $274.66 million, a P/E ratio of 10.70 and a beta of 0.98. Weyco Group, Inc. has a one year low of $25.51 and a one year high of $41.05. The firm has a fifty day moving average of $29.96 and a two-hundred day moving average of $30.70.

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

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. Weyco Group's dividend payout ratio is presently 40.15%.

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.

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