Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss Sells 1,463 Shares

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 1,463 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the transaction, the vice president now owns 7,623 shares of the company’s stock, valued at $288,225.63. This trade represents a 16.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Allison Woss also recently made the following trade(s):

• On Wednesday, August 21st, Allison Woss sold 212 shares of Weyco Group stock. The shares were sold at an average price of $33.78, for a total transaction of $7,161.36.

Weyco Group Price Performance

NASDAQ WEYS traded up $0.47 during trading hours on Thursday, reaching $37.82. The company’s stock had a trading volume of 24,028 shares, compared to its average volume of 11,457. Weyco Group, Inc. has a 1-year low of $26.06 and a 1-year high of $41.05. The firm has a market capitalization of $358.91 million, a price-to-earnings ratio of 12.52 and a beta of 0.71. The company’s 50-day moving average is $34.21 and its two-hundred day moving average is $32.14.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th will be paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 23.90%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, November 18th. Weyco Group’s payout ratio is 34.44%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Weyco Group

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of Weyco Group by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after purchasing an additional 1,810 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Weyco Group by 5.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock worth $713,000 after acquiring an additional 1,212 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Weyco Group by 83.6% in the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 1,456 shares in the last quarter. Vanguard Group Inc. boosted its position in Weyco Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Weyco Group by 23.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after buying an additional 1,893 shares during the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.

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.