Insider Selling: Weyco Group (NASDAQ:WEYS) VP Sells $12,809.30 in Stock

by · The Cerbat Gem

Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) VP Dustin Combs sold 290 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $44.17, for a total value of $12,809.30. Following the completion of the sale, the vice president directly owned 4,094 shares in the company, valued at approximately $180,831.98. The trade was a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dustin Combs also recently made the following trade(s):

  • On Thursday, August 27th, Dustin Combs sold 1,096 shares of Weyco Group stock. The stock was sold at an average price of $44.64, for a total value of $48,925.44.

Weyco Group Stock Down 0.0%

WEYS opened at $44.59 on Friday. Weyco Group, Inc. has a 52 week low of $27.25 and a 52 week high of $48.67. The business has a fifty day simple moving average of $42.40 and a 200-day simple moving average of $37.20. The firm has a market cap of $425.83 million, a P/E ratio of 12.28 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.The firm had revenue of $62.22 million for the quarter.

Weyco Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, August 18th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 18th. Weyco Group’s payout ratio is currently 30.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Weyco Group by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock worth $18,871,000 after purchasing an additional 5,294 shares during the period. BlackRock Inc. purchased a new position in shares of Weyco Group in the 2nd quarter valued at about $18,215,000. Vanguard Group Inc. grew its position in shares of Weyco Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after buying an additional 2,792 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after buying an additional 2,224 shares in the last quarter. Finally, State Street Corp grew its position in shares of Weyco Group by 2.4% during the fourth quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock worth $3,304,000 after buying an additional 2,381 shares in the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WEYS. Wall Street Zen raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Get Our Latest Research Report on Weyco Group

Weyco Group Company Profile

(Get Free Report)

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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