Dustin Combs Sells 329 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 329 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $34.43, for a total value of $11,327.47. Following the completion of the transaction, the vice president now directly owns 2,700 shares in the company, valued at $92,961. This trade represents a 10.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dustin Combs also recently made the following trade(s):

• On Wednesday, September 4th, Dustin Combs sold 173 shares of Weyco Group stock. The shares were sold at an average price of $32.73, for a total transaction of $5,662.29.
• On Thursday, August 29th, Dustin Combs sold 144 shares of Weyco Group stock. The stock was sold at an average price of $34.09, for a total value of $4,908.96.
• On Tuesday, August 27th, Dustin Combs sold 677 shares of Weyco Group stock. The shares were sold at an average price of $34.13, for a total value of $23,106.01.

Weyco Group Stock Performance

WEYS stock opened at $36.45 on Friday. The stock’s fifty day moving average is $34.72 and its two-hundred day moving average is $32.42. The stock has a market capitalization of $348.46 million, a price-to-earnings ratio of 12.07 and a beta of 0.71. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be given a $2.26 dividend. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 24.80%. Weyco Group’s dividend payout ratio is 34.44%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Weyco Group

A number of hedge funds have recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in shares of Weyco Group during the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC grew its holdings in Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,654 shares during the period. BNP Paribas Financial Markets grew its holdings in Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after acquiring an additional 511 shares during the period. Barclays PLC lifted its holdings in Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 5,803 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of 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 purchasing an additional 1,893 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

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.