Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Update

Weyco Group, Inc. (NASDAQ:WEYS) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 42,500 shares, a decrease of 18.6% from the December 31st total of 52,200 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

Insider Transactions at Weyco Group

In related news, VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the completion of the sale, the vice president now owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. This trade represents a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Judy Anderson sold 2,893 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the transaction, the chief financial officer now owns 13,100 shares in the company, valued at $497,538. This represents a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,685 shares of company stock valued at $214,730. 38.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Weyco Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after acquiring an additional 8,930 shares during the period. Geode Capital Management LLC increased its stake in shares of Weyco Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock worth $5,271,000 after buying an additional 5,307 shares during the period. State Street Corp raised its holdings in Weyco Group by 0.4% during the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock valued at $3,092,000 after buying an additional 375 shares during the last quarter. Empowered Funds LLC boosted its position in Weyco Group by 10.7% during the 4th quarter. Empowered Funds LLC now owns 39,890 shares of the textile maker’s stock valued at $1,498,000 after buying an additional 3,848 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in Weyco Group by 36.7% in the 4th quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker’s stock worth $1,293,000 after acquiring an additional 9,245 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Trading Down 2.2 %

Shares of Weyco Group stock opened at $35.74 on Monday. The business’s 50-day moving average price is $35.83 and its 200-day moving average price is $34.59. The firm has a market capitalization of $341.64 million, a PE ratio of 11.83 and a beta of 0.71. Weyco Group has a 12 month low of $27.05 and a 12 month high of $41.05.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, November 5th. The textile maker reported $0.84 EPS for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The firm had revenue of $74.33 million for the quarter.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $2.26 per share. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a dividend yield of 25.29%. The ex-dividend date of this dividend was Monday, November 18th. Weyco Group’s dividend payout ratio (DPR) is 34.44%.

Weyco Group Company Profile

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