Judy Anderson Sells 2,602 Shares of Weyco Group (NASDAQ:WEYS) Stock

Key Points

• CFO Judy Anderson sold 2,602 Weyco Group shares for approximately $112,589, reducing her direct ownership by 15.29% to 14,418 shares.
• Weyco Group reported quarterly EPS of $1.39 on $62.22 million in revenue, while its stock traded near its 52-week high at $45.17.
• The company declared a quarterly dividend of $0.28 per share, implying a 2.5% annualized yield; analysts maintain a consensus “Hold” rating.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 2,602 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $43.27, for a total value of $112,588.54. Following the completion of the transaction, the chief financial officer directly owned 14,418 shares in the company, valued at $623,866.86. This represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Weyco Group Stock Performance

NASDAQ WEYS traded up $1.26 during trading hours on Friday, reaching $45.17. The stock had a trading volume of 27,914 shares, compared to its average volume of 16,306. The stock has a fifty day moving average of $38.10 and a 200 day moving average of $34.72. The stock has a market cap of $430.47 million, a P/E ratio of 12.44 and a beta of 0.88. Weyco Group, Inc. has a 52-week low of $27.25 and a 52-week high of $46.50.

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 (EPS) for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.18%. The company had revenue of $62.22 million during the quarter.

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a yield of 2.5%. Weyco Group's payout ratio is currently 45.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Weyco Group from a "buy (b)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Wall Street Zen upgraded Weyco Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group during the 4th quarter valued at about $30,000. BNP Paribas Financial Markets boosted its position in Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker's stock worth $48,000 after purchasing an additional 832 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Weyco Group in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its position in shares of Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock valued at $59,000 after buying an additional 1,133 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Weyco Group in the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 23.59% of the company's stock.

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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