Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.45 and traded as low as $31.43. Weyco Group shares last traded at $31.86, with a volume of 11,981 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Weyco Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 9th.
Check Out Our Latest Research Report on Weyco Group
Weyco Group Stock Up 0.2%
The business has a 50 day moving average of $32.13 and a 200 day moving average of $32.34. The company has a market capitalization of $302.03 million, a P/E ratio of 10.37 and a beta of 0.92.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The textile maker reported $0.57 EPS for the quarter. Weyco Group had a return on equity of 11.65% and a net margin of 10.19%. The company had revenue of $68.03 million during the quarter.
Weyco Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.43%. This is a positive change from Weyco Group's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, May 16th. Weyco Group's dividend payout ratio (DPR) is presently 35.53%.
Institutional Investors Weigh In On Weyco Group
Several institutional investors have recently modified their holdings of WEYS. Wells Fargo & Company MN lifted its stake in shares of Weyco Group by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock worth $152,000 after acquiring an additional 775 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of Weyco Group during the 4th quarter worth approximately $218,000. Voya Investment Management LLC bought a new stake in shares of Weyco Group during the 1st quarter worth approximately $201,000. LPL Financial LLC bought a new stake in shares of Weyco Group during the 4th quarter worth approximately $324,000. Finally, Deutsche Bank AG increased its holdings in 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 purchasing an additional 4,348 shares during the period. 23.59% of the stock is owned by institutional investors.
Weyco Group Company Profile
(
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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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