Weyco Group (NASDAQ:WEYS) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Weyco Group's share price has fallen below its 200-day moving average of $30.71, reaching a low of $29.82 during trading.
• The company reported earnings of $0.24 per share for the last quarter, with revenues of $58.22 million and a 9.20% net margin.
• Weyco recently announced a quarterly dividend of $0.27, resulting in an annualized dividend of $1.08 and a yield of 3.6%.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.71 and traded as low as $29.82. Weyco Group shares last traded at $30.09, with a volume of 13,971 shares changing hands.

Weyco Group Price Performance

The stock has a market capitalization of $287.06 million, a PE ratio of 11.19 and a beta of 1.02. The business's fifty day moving average price is $30.23 and its two-hundred day moving average price is $30.71.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were given a $0.27 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. Weyco Group's dividend payout ratio is 40.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Total Wealth Planning & Management Inc. purchased a new position in Weyco Group in the 2nd quarter valued at about $822,000. Strs Ohio purchased a new stake in shares of Weyco Group in the 1st quarter valued at approximately $466,000. Ritholtz Wealth Management purchased a new stake in shares of Weyco Group in the 2nd quarter valued at approximately $398,000. Nuveen LLC purchased a new stake in shares of Weyco Group in the 1st quarter valued at approximately $277,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Weyco Group by 48.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after buying an additional 7,752 shares during the period. Institutional investors and hedge funds 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.

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