Weyco Group (NASDAQ:WEYS) VP Sells $13,662.88 in Stock

Key Points

• Insider selling: Weyco Group VP Dustin Combs sold 308 shares for $13,662.88 at an average price of $44.36, reducing his holdings by 7.52% to 3,786 shares. He also sold shares in two earlier transactions totaling approximately $61,735.
• Stock and financial performance: WEYS recently traded at $44.13, near its 52-week high of $48.67, with a market capitalization of about $421 million. In its latest quarter, the company reported $1.39 in EPS and $62.22 million in revenue.
• Dividend and analyst outlook: Weyco declared a quarterly dividend of $0.28 per share, equivalent to a 2.5% annual yield. Analysts cited in the article maintain a consensus “Buy” rating, while institutional investors own 23.59% of the stock.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 308 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $44.36, for a total value of $13,662.88. Following the completion of the transaction, the vice president owned 3,786 shares in the company, valued at approximately $167,946.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, September 10th, Dustin Combs sold 290 shares of Weyco Group stock. The stock was sold at an average price of $44.17, for a total value of $12,809.30.
• On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The shares were sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Price Performance

Shares of NASDAQ WEYS traded down $0.46 during trading on Monday, reaching $44.13. 12,649 shares of the stock traded hands, compared to its average volume of 17,430. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $48.67. The company has a 50-day moving average of $42.40 and a 200-day moving average of $37.24. The stock has a market capitalization of $421.49 million, a P/E ratio of 12.16 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 earnings per share 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Weyco Group's dividend payout ratio (DPR) is currently 30.85%.

Institutional Investors Weigh In On Weyco Group

Institutional investors and hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new position in shares of Weyco Group in the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets increased its holdings in Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker's stock worth $48,000 after acquiring an additional 832 shares during the period. Tower Research Capital LLC TRC increased its holdings in Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock worth $59,000 after acquiring an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Weyco Group in the 4th quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC bought a new position in Weyco Group in the 4th quarter valued at $72,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WEYS. Wall Street Zen upgraded 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 research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Weyco Group Company Profile

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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