Weyco Group (NASDAQ:WEYS) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Weyco Group Price Performance

The stock has a market cap of $323.61 million, a price-to-earnings ratio of 11.11 and a beta of 0.92. The firm has a fifty day moving average of $31.18 and a 200 day moving average of $32.77.

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

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Weyco Group's previous quarterly dividend of $0.26. Weyco Group's payout ratio is presently 35.53%.

Institutional Investors Weigh In On Weyco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock valued at $2,295,000 after acquiring an additional 463 shares during the last quarter. AMG National Trust Bank boosted its position in shares of Weyco Group by 1.3% during the 4th quarter. AMG National Trust Bank now owns 36,859 shares of the textile maker's stock worth $1,362,000 after purchasing an additional 463 shares during the period. Wells Fargo & Company MN increased its holdings in Weyco Group by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock valued at $152,000 after purchasing an additional 775 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Weyco Group by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker's stock valued at $550,000 after purchasing an additional 903 shares during the period. Finally, Barclays PLC raised its position in Weyco Group by 13.8% in the fourth quarter. Barclays PLC now owns 9,106 shares of the textile maker's stock valued at $342,000 after purchasing an additional 1,103 shares during the period. Hedge funds and other institutional investors own 23.59% of the company's stock.

About Weyco Group

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.