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

Key Points

• Weyco Group's stock price dipped below its two hundred day moving average of $31.59, reaching a low of $28.56 before ending at $29.31 during recent trading.
• The company reported an earnings per share (EPS) of $0.24 for the last quarter, with a net margin of 9.20% and a return on equity of 10.34%.
• Weyco Group is set to pay a quarterly dividend of $0.27 on September 30th, representing an annual yield of 3.7%.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.59 and traded as low as $28.56. Weyco Group shares last traded at $29.31, with a volume of 16,830 shares traded.

Weyco Group Price Performance

The company has a market cap of $294.31 million, a PE ratio of 11.47 and a beta of 0.98. The stock's 50-day moving average is $31.40 and its 200 day moving average is $31.43.

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

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, August 18th will be given 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 dividend payout ratio is currently 40.15%.

Institutional Investors Weigh In On Weyco Group

A number of large investors have recently modified their holdings of the business. Total Wealth Planning & Management Inc. acquired a new stake in Weyco Group in the 2nd quarter worth approximately $822,000. Strs Ohio acquired a new stake in shares of Weyco Group during the first quarter worth $466,000. Ritholtz Wealth Management purchased a new stake in shares of Weyco Group during the second quarter valued at $398,000. Dimensional Fund Advisors LP increased its position in shares of Weyco Group by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker's stock valued at $21,654,000 after acquiring an additional 9,208 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Weyco Group in the 1st quarter valued at $277,000. 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.