Dimensional Fund Advisors LP Boosts Position in Weyco Group, Inc. (NASDAQ:WEYS)

Dimensional Fund Advisors LP increased its position in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 576,684 shares of the textile maker's stock after purchasing an additional 9,208 shares during the period. Dimensional Fund Advisors LP owned approximately 6.03% of Weyco Group worth $21,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Weyco Group by 394.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker's stock worth $103,000 after purchasing an additional 2,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Weyco Group by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock worth $152,000 after buying an additional 775 shares in the last quarter. Martingale Asset Management L P purchased a new position in Weyco Group during the fourth quarter worth about $218,000. Barclays PLC increased its position in shares of Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock valued at $273,000 after acquiring an additional 5,803 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Weyco Group during the fourth quarter valued at about $324,000. 23.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Weyco Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 9th.

Weyco Group Stock Performance

Weyco Group stock traded down $0.10 during trading hours on Tuesday, reaching $33.11. 1,566 shares of the stock were exchanged, compared to its average volume of 14,267. The stock has a market cap of $319.28 million, a P/E ratio of 10.96 and a beta of 0.91. Weyco Group, Inc. has a 52-week low of $25.51 and a 52-week high of $41.05. The firm's 50 day moving average is $29.75 and its 200 day moving average is $33.71.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The textile maker reported $0.57 EPS for the quarter. The firm had revenue of $68.03 million for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.27 per share. This is a boost from Weyco Group's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, May 16th. Weyco Group's dividend payout ratio (DPR) is currently 35.53%.

Weyco Group Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.