Weyco Group (NASDAQ:WEYS) CFO Judy Anderson Sells 1,555 Shares of Stock

Key Points

• Weyco Group CFO Judy Anderson sold 1,555 shares at an average price of $44, generating $68,420 and reducing her direct ownership by 9.2% to 15,341 shares.
• Weyco shares recently traded near $44, with the stock up substantially from its one-year low of $27.25 and below its $48.67 high. The company reported quarterly EPS of $1.39 on revenue of $62.22 million.
• The company declared a quarterly dividend of $0.28, equivalent to an annualized $1.12 payout and a 2.5% yield; analysts cited in the article maintain a consensus “Buy” rating.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 1,555 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $44.00, for a total value of $68,420.00. Following the completion of the transaction, the chief financial officer directly owned 15,341 shares of the company's stock, valued at $675,004. This represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The stock was sold at an average price of $43.27, for a total transaction of $112,588.54.

Weyco Group Trading Down 0.1%

WEYS traded down $0.06 during trading on Tuesday, reaching $44.07. 5,260 shares of the company's stock were exchanged, compared to its average volume of 17,450. Weyco Group, Inc. has a one year low of $27.25 and a one year high of $48.67. The firm has a fifty day moving average price of $42.51 and a two-hundred day moving average price of $37.33. The stock has a market capitalization of $420.87 million, a PE ratio of 12.14 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The company had revenue of $62.22 million for the quarter.

Weyco Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Weyco Group's payout ratio is 30.85%.

Institutional Investors Weigh In On Weyco Group

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in shares of Weyco Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker's stock worth $1,724,000 after buying an additional 1,787 shares during the period. IFG Advisory LLC lifted its position in shares of Weyco Group by 39.7% during the 4th quarter. IFG Advisory LLC now owns 10,517 shares of the textile maker's stock valued at $322,000 after acquiring an additional 2,990 shares during the period. Ritholtz Wealth Management boosted its stake in Weyco Group by 57.0% during the first quarter. Ritholtz Wealth Management now owns 12,360 shares of the textile maker's stock worth $396,000 after acquiring an additional 4,486 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker's stock worth $18,871,000 after acquiring an additional 5,294 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Weyco Group in the second quarter worth $235,000. Institutional investors and hedge funds own 23.59% of the company's stock.

Wall Street Analyst Weigh In

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

About Weyco Group

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men's shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group's brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.

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