Weyco Group (NASDAQ:WEYS) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• Weyco Group's shares have fallen below their 200-day moving average of $30.79, trading as low as $29.17, signaling potential weakness in the stock performance.
• The company recently reported $0.24 earnings per share for the last quarter, with a net margin of 9.20% and revenue of $58.22 million.
• A quarterly dividend of $0.27 per share has been declared, offering an annualized yield of 3.7%, reflecting the company's ongoing commitment to return capital to shareholders.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.79 and traded as low as $29.17. Weyco Group shares last traded at $29.56, with a volume of 12,196 shares changing hands.

Weyco Group Trading Up 0.5%

The stock has a market capitalization of $294.50 million, a PE ratio of 11.48 and a beta of 1.02. The company's 50-day moving average is $30.49 and its 200 day moving average is $30.75.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $58.22 million during the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. Weyco Group's payout ratio is 40.15%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of 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. Arrowstreet Capital Limited Partnership purchased a new position in shares of Weyco Group during the 2nd quarter worth $204,000. IFG Advisory LLC purchased a new position in shares of Weyco Group during the 2nd quarter worth $219,000. Voya Investment Management LLC purchased a new position in shares of Weyco Group during the 1st quarter worth $201,000. Finally, Deutsche Bank AG raised its holdings in shares of Weyco Group by 93.0% during the 4th quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker's stock worth $339,000 after acquiring an additional 4,348 shares during the period. Hedge funds and other institutional investors own 23.59% of the company's stock.

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.