Allspring Global Investments Holdings LLC Has $728,000 Stock Position in Weyco Group, Inc. (NASDAQ:WEYS)

Allspring Global Investments Holdings LLC lifted its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 48.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,898 shares of the textile maker's stock after purchasing an additional 7,752 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.25% of Weyco Group worth $728,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WEYS. Segall Bryant & Hamill LLC acquired a new position in shares of Weyco Group in the 4th quarter valued at about $1,023,000. Dimensional Fund Advisors LP boosted its holdings in shares of Weyco Group by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker's stock worth $21,654,000 after purchasing an additional 9,208 shares during the period. LPL Financial LLC purchased a new position in Weyco Group during the fourth quarter valued at approximately $324,000. JPMorgan Chase & Co. grew its position in Weyco Group by 60.3% during the fourth quarter. JPMorgan Chase & Co. now owns 19,099 shares of the textile maker's stock valued at $717,000 after purchasing an additional 7,187 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in Weyco Group in the 4th quarter valued at approximately $218,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Weyco Group Price Performance

WEYS traded down $0.92 during trading on Friday, reaching $32.81. 5,225 shares of the stock traded hands, compared to its average volume of 14,606. The stock's 50-day simple moving average is $32.08 and its two-hundred day simple moving average is $32.59. Weyco Group, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $41.05. The stock has a market cap of $314.32 million, a price-to-earnings ratio of 10.79 and a beta of 0.92.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 11.65% and a net margin of 10.19%. The business had revenue of $68.03 million during the quarter.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 16th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.29%. This is an increase from Weyco Group's previous quarterly dividend of $0.26. The ex-dividend date was Friday, May 16th. Weyco Group's payout ratio is currently 35.53%.

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.