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

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 1,463 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 Stock Up 2.8 %

Weyco Group stock opened at $38.89 on Friday. The business’s 50-day simple moving average is $34.45 and its 200 day simple moving average is $32.24. The stock has a market cap of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05.

Weyco Group Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 23.25%. The ex-dividend date is Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s dividend payout ratio (DPR) is 34.44%.

Hedge Funds Weigh In On Weyco Group

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in shares of Weyco Group by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after buying an additional 1,810 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Weyco Group by 5.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock valued at $713,000 after acquiring an additional 1,212 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Weyco Group by 83.6% in the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after acquiring an additional 1,456 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 during the period. Finally, Ritholtz Wealth Management lifted its holdings 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. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.