Weyco Group (NASDAQ:WEYS) Share Price Crosses Above 200-Day Moving Average of $30.77

Weyco Group, Inc. (NASDAQ:WEYS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.77 and traded as high as $32.95. Weyco Group shares last traded at $32.70, with a volume of 7,364 shares trading hands.

Weyco Group Stock Performance

The company has a 50-day moving average of $32.25 and a 200-day moving average of $30.77. The firm has a market capitalization of $306.15 million, a price-to-earnings ratio of 10.51 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.59 earnings per share for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The firm had revenue of $63.93 million for the quarter.

Weyco Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, August 19th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, August 19th. Weyco Group’s dividend payout ratio is 33.88%.

Insider Buying and Selling

In other Weyco Group news, VP Katherine Destinon sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $29.50, for a total value of $47,200.00. Following the sale, the vice president now owns 3,789 shares in the company, valued at approximately $111,775.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 3,338 shares of company stock worth $106,001. 38.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Weyco Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Weyco Group by 17.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,122 shares of the textile maker’s stock valued at $631,000 after acquiring an additional 3,013 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position 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 purchasing an additional 1,212 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 83.6% during the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after purchasing an additional 1,456 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Weyco Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock valued at $10,818,000 after buying an additional 2,799 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in shares of Weyco Group by 7.8% in the first quarter. Annex Advisory Services LLC now owns 17,101 shares of the textile maker’s stock valued at $545,000 after buying an additional 1,244 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

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.