Dustin Combs Sells 585 Shares of Weyco Group (NASDAQ:WEYS) Stock

Key Points

• Weyco Group VP Dustin Combs sold 585 shares of the company's stock at an average price of $29.92, reducing his ownership by 13.31%.
• The company declared a quarterly dividend of $0.27 per share, with an annualized yield of 3.6%, payable on September 30th to stockholders of record on August 18th.
• Weyco Group's stock has a market capitalization of $287.12 million and is currently trading at $30.10 after a recent decline.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 585 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $29.92, for a total transaction of $17,503.20. Following the completion of the transaction, the vice president owned 3,810 shares in the company, valued at approximately $113,995.20. The trade was a 13.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Weyco Group Price Performance

Shares of NASDAQ WEYS traded down $0.53 during trading on Wednesday, reaching $29.56. 15,654 shares of the stock traded hands, compared to its average volume of 10,153. The company has a 50-day moving average of $30.59 and a 200-day moving average of $30.78. The stock has a market capitalization of $282.00 million, a P/E ratio of 10.99 and a beta of 1.02. Weyco Group, Inc. has a 52-week low of $25.51 and a 52-week high of $41.05.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share 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 during the quarter.

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 18th. Weyco Group's dividend payout ratio (DPR) is presently 40.15%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in shares of Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock worth $2,295,000 after purchasing an additional 463 shares during the period. Bank of America Corp DE lifted its stake in Weyco Group by 12.3% during the 4th quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock valued at $450,000 after acquiring an additional 1,313 shares during the period. Deutsche Bank AG lifted its stake in Weyco Group by 93.0% during the 4th quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker's stock valued at $339,000 after acquiring an additional 4,348 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Weyco Group by 34.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,051 shares of the textile maker's stock valued at $527,000 after acquiring an additional 3,630 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Weyco Group by 48.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after purchasing an additional 7,752 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company's stock.

About Weyco Group

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.