Insider Selling: Weyco Group (NASDAQ:WEYS) CFO Sells 1,263 Shares of Stock

Key Points

• Weyco Group CFO Judy Anderson sold 1,263 shares at an average $60.12, totaling about $75,932. After the sale, she held 15,341 shares, a 7.61% reduction in her ownership.
• Weyco reported quarterly EPS of $1.19 on $77.02 million in revenue and declared a quarterly dividend of $0.28 per share, equivalent to a 1.8% annual yield.
• Shares traded at $60.76, near the stock’s $68.39 one-year high; the article reports a consensus analyst rating of Buy.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 1,263 shares of the firm's stock in a transaction on Friday, November 6th. The stock was sold at an average price of $60.12, for a total value of $75,931.56. Following the transaction, the chief financial officer owned 15,341 shares in the company, valued at $922,300.92. The trade was a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Judy Anderson also recently made the following trade(s):

• On Monday, September 14th, Judy Anderson sold 1,555 shares of Weyco Group stock. The shares were sold at an average price of $44.00, for a total transaction of $68,420.00.

Weyco Group Trading Up 0.1%

Shares of WEYS traded up $0.07 during trading hours on Monday, hitting $60.76. The company had a trading volume of 32,846 shares, compared to its average volume of 21,746. The company's fifty day moving average price is $49.47 and its two-hundred day moving average price is $39.25. Weyco Group, Inc. has a one year low of $27.25 and a one year high of $68.39. The company has a market capitalization of $580.26 million, a PE ratio of 14.71 and a beta of 0.91.

Weyco Group (NASDAQ:WEYS - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The textile maker reported $1.19 EPS for the quarter. The business had revenue of $77.02 million during the quarter. Weyco Group had a net margin of 13.96% and a return on equity of 16.11%.

Weyco Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Tuesday, November 17th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 17th. Weyco Group's dividend payout ratio is 27.12%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WEYS. Wall Street Zen raised shares of Weyco Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Weyco Group has a consensus rating of "Buy".

Institutional Investors Weigh In On Weyco Group

A number of hedge funds have recently modified their holdings of WEYS. Bank of New York Mellon Corp purchased a new stake in Weyco Group during the 2nd quarter valued at about $2,952,000. BlackRock Inc. purchased a new position in Weyco Group in the 2nd quarter worth approximately $18,215,000. Empowered Funds LLC acquired a new position in shares of Weyco Group during the 2nd quarter worth approximately $2,116,000. Associated Banc Corp acquired a new position in shares of Weyco Group during the 3rd quarter worth approximately $2,164,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Weyco Group by 13.6% during the 3rd quarter. Ritholtz Wealth Management now owns 23,083 shares of the textile maker's stock worth $1,117,000 after purchasing an additional 2,755 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Weyco Group Company Profile

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men's shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.

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