Weyco Group (NASDAQ:WEYS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.45 and traded as high as $34.79. Weyco Group shares last traded at $34.23, with a volume of 5,916 shares traded.

Weyco Group Stock Performance

The firm has a market capitalization of $319.77 million, a price-to-earnings ratio of 10.96 and a beta of 0.71. The firm has a fifty day moving average price of $33.60 and a 200 day moving average price of $31.47.

Weyco Group (NASDAQ:WEYS – Get Free Report) last released its earnings results on Tuesday, August 6th. The textile maker reported $0.59 EPS for the quarter. The company had revenue of $63.93 million during the quarter. Weyco Group had a return on equity of 12.31% and a net margin of 10.04%.

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.09%. Weyco Group’s payout ratio is 33.88%.

Insider Activity at Weyco Group

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $32.50, for a total value of $43,550.00. Following the sale, the insider now owns 7,030 shares of the company’s stock, valued at approximately $228,475. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,078 shares of company stock valued at $102,351 in the last ninety days. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WEYS. Innealta Capital LLC purchased a new position in Weyco Group during the second quarter worth $25,000. O Shaughnessy Asset Management LLC increased its position in 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 in the last quarter. Renaissance Technologies LLC raised its stake in Weyco Group by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock valued at $841,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after purchasing an additional 1,654 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

About Weyco Group

(Get Free Report)

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.

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