Weyco Group (NASDAQ:WEYS) Shares Cross Above 200 Day Moving Average - Should You Sell?

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.77 and traded as high as $33.98. Weyco Group shares last traded at $33.78, with a volume of 53,786 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Weyco Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 9th.

Weyco Group Stock Performance

The firm has a market capitalization of $323.23 million, a price-to-earnings ratio of 11.10 and a beta of 0.92. The business's 50 day moving average is $31.37 and its 200-day moving average is $32.73.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The textile maker reported $0.57 EPS for the quarter. The company had revenue of $68.03 million during the quarter. Weyco Group had a return on equity of 11.65% and a net margin of 10.19%.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 16th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.20%. This is a positive change from Weyco Group's previous quarterly dividend of $0.26. The ex-dividend date was Friday, May 16th. Weyco Group's dividend payout ratio (DPR) is currently 35.53%.

Hedge Funds Weigh In On Weyco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Weyco Group by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker's stock valued at $21,654,000 after buying an additional 9,208 shares during the period. Bridgeway Capital Management LLC raised its position in Weyco Group by 3.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 96,490 shares of the textile maker's stock worth $3,623,000 after purchasing an additional 3,358 shares in the last quarter. Northern Trust Corp lifted its stake in Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock worth $2,295,000 after purchasing an additional 463 shares during the period. Empowered Funds LLC lifted its stake in Weyco Group by 8.2% during the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker's stock worth $1,316,000 after purchasing an additional 3,285 shares during the period. Finally, AMG National Trust Bank boosted its holdings in Weyco Group by 1.3% during the fourth quarter. AMG National Trust Bank now owns 36,859 shares of the textile maker's stock valued at $1,362,000 after purchasing an additional 463 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Weyco Group Company 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.