Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $36.13, for a total value of $36,130.00. Following the transaction, the vice president now directly owns 6,249 shares in the company, valued at $225,776.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Bernsteen also recently made the following trade(s):
- On Tuesday, May 29th, Michael Bernsteen sold 1,000 shares of Weyco Group stock. The shares were sold at an average price of $34.29, for a total value of $34,290.00.
- On Wednesday, May 16th, Michael Bernsteen sold 1,000 shares of Weyco Group stock. The shares were sold at an average price of $32.90, for a total value of $32,900.00.
- On Wednesday, March 14th, Michael Bernsteen sold 100 shares of Weyco Group stock. The shares were sold at an average price of $31.95, for a total value of $3,195.00.
WEYS stock traded down $0.15 during midday trading on Friday, hitting $35.55. The stock had a trading volume of 8,080 shares, compared to its average volume of 14,759. The stock has a market cap of $367.00 million, a price-to-earnings ratio of 23.18 and a beta of 0.57. Weyco Group, Inc. has a 52-week low of $26.67 and a 52-week high of $38.25.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Friday, May 4th. The textile maker reported $0.29 earnings per share for the quarter. The company had revenue of $69.53 million for the quarter. Weyco Group had a return on equity of 7.68% and a net margin of 6.07%.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Monday, May 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.59%. This is a boost from Weyco Group’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 24th.
Several research firms have recently issued reports on WEYS. BidaskClub raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. ValuEngine raised Weyco Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in Weyco Group in the fourth quarter worth $113,000. Wells Fargo & Company MN grew its stake in Weyco Group by 71.2% in the third quarter. Wells Fargo & Company MN now owns 6,691 shares of the textile maker’s stock worth $191,000 after purchasing an additional 2,782 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Weyco Group in the first quarter worth $210,000. Stone Ridge Asset Management LLC purchased a new stake in Weyco Group in the fourth quarter worth $508,000. Finally, Deutsche Bank AG grew its stake in Weyco Group by 350.4% in the fourth quarter. Deutsche Bank AG now owns 27,243 shares of the textile maker’s stock worth $808,000 after purchasing an additional 21,194 shares during the period. 31.12% of the stock is currently owned by institutional investors.
Weyco Group Company Profile
Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.
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