Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.10 and traded as low as $28.05. Weyco Group shares last traded at $28.05, with a volume of 13,300 shares traded.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Weyco Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 9th.
Check Out Our Latest Research Report on WEYS
Weyco Group Trading Up 0.7 %
The business's fifty day moving average price is $30.69 and its 200 day moving average price is $33.98. The company has a market capitalization of $275.11 million, a P/E ratio of 9.45 and a beta of 0.76.
Weyco Group (NASDAQ:WEYS - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The textile maker reported $1.04 EPS for the quarter. The company had revenue of $80.47 million during the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.
Weyco Group Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, March 14th. Weyco Group's payout ratio is 32.91%.
Hedge Funds Weigh In On Weyco Group
A number of hedge funds and other institutional investors have recently made changes to their positions in WEYS. Nisa Investment Advisors LLC lifted its holdings in Weyco Group by 394.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker's stock valued at $103,000 after purchasing an additional 2,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Weyco Group by 23.7% during 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. Martingale Asset Management L P bought a new position in Weyco Group during the 4th quarter valued at about $218,000. Barclays PLC lifted its holdings in Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock valued at $273,000 after purchasing an additional 5,803 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Weyco Group during the 4th quarter valued at about $324,000. 23.59% of the stock is owned by institutional investors.
Weyco Group Company Profile
(
Get Free Report)
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.
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