Weyco Group (NASDAQ:WEYS) VP Dustin Combs Sells 290 Shares of Stock

Key Points

• Weyco Group VP Dustin Combs sold 290 shares at an average price of $44.17, totaling $12,809.30. His remaining stake fell 6.61% to 4,094 shares.
• WEYS shares declined 0.6% to $44.61, while the company reported quarterly EPS of $1.39 on revenue of $62.22 million.
• Weyco declared a quarterly dividend of $0.28 per share, representing a 2.5% yield, and analysts maintained a consensus “Buy” rating.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 290 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $44.17, for a total value of $12,809.30. Following the transaction, the vice president owned 4,094 shares of the company's stock, valued at approximately $180,831.98. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dustin Combs also recently made the following trade(s):

• On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The stock was sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Trading Down 0.6%

WEYS traded down $0.29 during trading hours on Thursday, hitting $44.61. The company's stock had a trading volume of 25,700 shares, compared to its average volume of 17,443. Weyco Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $48.67. The firm has a market capitalization of $426.03 million, a PE ratio of 12.29 and a beta of 0.89. The company has a 50-day simple moving average of $42.20 and a 200 day simple moving average of $37.06.

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

Weyco Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.28 per share. 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 currently 30.85%.

Analysts Set New Price Targets

Several research firms have commented on WEYS. Wall Street Zen raised shares of Weyco Group from a "buy" rating to a "strong-buy" rating in a research note 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Institutional Trading of Weyco Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 5,294 shares in the last quarter. BlackRock Inc. bought a new position in shares of Weyco Group in the second quarter valued at $18,215,000. Vanguard Group Inc. lifted its position in shares of Weyco Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker's stock valued at $11,019,000 after acquiring an additional 2,792 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Weyco Group by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker's stock valued at $5,313,000 after acquiring an additional 2,224 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Weyco Group by 2.4% during the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker's stock worth $3,304,000 after acquiring an additional 2,381 shares in the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company NASDAQ: WEYS based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men's dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.

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