Shares of Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) passed 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 changing hands.
Weyco Group Stock Performance
The stock has a market cap of $294.31 million, a PE ratio of 11.47 and a beta of 0.98. The company's 50-day moving average price is $31.40 and its 200 day moving average price is $31.46.
Weyco Group (NASDAQ:WEYS - Get Free Report) last announced 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 for the quarter. Weyco Group had a return on equity of 10.34% and a net margin of 9.20%.
Weyco Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, August 18th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. Weyco Group's payout ratio is presently 40.15%.
Institutional Investors Weigh In On Weyco Group
A number of institutional investors have recently modified their holdings of WEYS. Total Wealth Planning & Management Inc. acquired a new stake in shares of Weyco Group in the second quarter valued at $822,000. Strs Ohio acquired a new stake in shares of Weyco Group in the first quarter valued at $466,000. Ritholtz Wealth Management purchased a new stake in shares of Weyco Group during the second quarter worth $398,000. Dimensional Fund Advisors LP increased its position in shares of Weyco Group by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker's stock worth $21,654,000 after acquiring an additional 9,208 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Weyco Group during the first quarter worth $277,000. 23.59% of the stock is owned by institutional investors and hedge funds.
About Weyco Group
(
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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