Weyco Group (NASDAQ:WEYS) VP Sells $53,976.12 in Stock

Key Points

• Weyco Group VP Kevin Schiff sold 1,191 shares for approximately $53,976, reducing his ownership by 4.12% to 27,733 shares.
• WEYS shares traded at $46.54, near the company’s one-year high of $48.68. Weyco reported quarterly EPS of $1.39 on revenue of $62.22 million.
• The company declared a quarterly dividend of $0.28 per share, or $1.12 annually, representing a 2.4% yield; institutional investors own 23.59% of the stock.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Kevin Schiff sold 1,191 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $45.32, for a total value of $53,976.12. Following the sale, the vice president owned 27,733 shares of the company's stock, valued at approximately $1,256,859.56. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Weyco Group Stock Performance

Shares of WEYS traded up $0.37 during mid-day trading on Monday, hitting $46.54. The company's stock had a trading volume of 9,269 shares, compared to its average volume of 16,339. The stock's 50-day moving average is $38.31 and its two-hundred day moving average is $34.82. Weyco Group, Inc. has a one year low of $27.25 and a one year high of $48.68. The firm has a market capitalization of $443.53 million, a PE ratio of 12.82 and a beta of 0.88.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a return on equity of 14.18% and a net margin of 12.39%.The firm had revenue of $62.22 million during the quarter.

Weyco Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Weyco Group's payout ratio is 30.85%.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in Weyco Group by 8.2% in the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker's stock worth $1,316,000 after acquiring an additional 3,285 shares during the period. Geode Capital Management LLC lifted its stake in Weyco Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker's stock valued at $5,313,000 after purchasing an additional 2,224 shares during the last quarter. Rhumbline Advisers increased its position in Weyco Group by 21.1% in the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker's stock worth $364,000 after buying an additional 1,917 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Weyco Group in the second quarter valued at $204,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Weyco Group by 4.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker's stock valued at $3,182,000 after buying an additional 4,186 shares during the last quarter. Institutional investors own 23.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised Weyco Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Weiss Ratings reissued a "hold (c+)" rating on shares of Weyco Group in a research report on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company NASDAQ: WEYS based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men's dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.

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