Weyco Group, Inc. (NASDAQ:WEYS) Director Tina M. Chang sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $33.18, for a total transaction of $49,770.00. Following the completion of the transaction, the director now owns 9,302 shares of the company’s stock, valued at $308,640.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
WEYS stock opened at $30.50 on Friday. The company has a market cap of $320.47 million, a P/E ratio of 18.71 and a beta of 0.54. Weyco Group, Inc. has a 52 week low of $27.03 and a 52 week high of $39.93.
Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, November 6th. The textile maker reported $0.60 EPS for the quarter. The business had revenue of $78.38 million during the quarter. Weyco Group had a net margin of 6.56% and a return on equity of 8.53%.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, November 30th.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. ValuEngine upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st.
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Weyco Group by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 503,569 shares of the textile maker’s stock worth $17,715,000 after purchasing an additional 12,617 shares during the period. BlackRock Inc. boosted its holdings in shares of Weyco Group by 0.5% during the third quarter. BlackRock Inc. now owns 435,991 shares of the textile maker’s stock worth $15,337,000 after purchasing an additional 2,120 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Weyco Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 269,849 shares of the textile maker’s stock worth $9,493,000 after purchasing an additional 4,231 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Weyco Group by 150.1% during the second quarter. Baird Financial Group Inc. now owns 110,551 shares of the textile maker’s stock worth $4,024,000 after purchasing an additional 66,355 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Weyco Group by 23.0% during the third quarter. Renaissance Technologies LLC now owns 79,600 shares of the textile maker’s stock worth $2,800,000 after purchasing an additional 14,901 shares during the period. Institutional investors and hedge funds own 31.63% of the company’s stock.
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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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