Dustin Combs Sells 974 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Rating) VP Dustin Combs sold 974 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $29.70, for a total value of $28,927.80. Following the completion of the transaction, the vice president now owns 1,676 shares of the company’s stock, valued at $49,777.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ WEYS traded up $0.42 during mid-day trading on Friday, reaching $29.48. The company had a trading volume of 418 shares, compared to its average volume of 32,723. The business’s 50-day simple moving average is $26.99 and its 200 day simple moving average is $25.00. The firm has a market cap of $284.78 million, a price-to-earnings ratio of 12.28 and a beta of 0.50. Weyco Group, Inc. has a one year low of $21.02 and a one year high of $31.17.

Weyco Group (NASDAQ:WEYSGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The textile maker reported $0.42 earnings per share for the quarter. Weyco Group had a return on equity of 11.90% and a net margin of 7.71%. The firm had revenue of $81.36 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, May 26th. Weyco Group’s payout ratio is 40.00%.

Separately, StockNews.com downgraded Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 24th.

Several hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Weyco Group by 15.3% in the first quarter. UBS Group AG now owns 5,657 shares of the textile maker’s stock worth $140,000 after purchasing an additional 749 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Weyco Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock worth $6,231,000 after acquiring an additional 11,049 shares during the period. Acadian Asset Management LLC grew its holdings in Weyco Group by 25.7% during the first quarter. Acadian Asset Management LLC now owns 17,747 shares of the textile maker’s stock valued at $437,000 after purchasing an additional 3,623 shares during the period. Bank of New York Mellon Corp grew its holdings in Weyco Group by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 49,808 shares of the textile maker’s stock valued at $1,231,000 after purchasing an additional 591 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Weyco Group by 18.5% during the first quarter. Russell Investments Group Ltd. now owns 22,464 shares of the textile maker’s stock valued at $555,000 after purchasing an additional 3,505 shares during the period. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Weyco Group (Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Weyco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group and related companies with MarketBeat.com's FREE daily email newsletter.