Judy Anderson Sells 2,893 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,893 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total value of $109,876.14. Following the transaction, the chief financial officer now owns 13,100 shares of the company’s stock, valued at $497,538. This represents a 18.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weyco Group Stock Performance

Shares of WEYS opened at $38.89 on Friday. The stock has a fifty day moving average price of $34.45 and a two-hundred day moving average price of $32.26. Weyco Group, Inc. has a 52-week low of $27.05 and a 52-week high of $41.05. The company has a market cap of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be given a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 23.25%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is 34.44%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Weyco Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after acquiring an additional 8,930 shares during the last quarter. Annex Advisory Services LLC raised its holdings in Weyco Group by 31.8% during the 3rd quarter. Annex Advisory Services LLC now owns 25,183 shares of the textile maker’s stock worth $857,000 after purchasing an additional 6,069 shares during the last quarter. Barclays PLC lifted its position in Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 5,803 shares during the period. Empowered Funds LLC boosted its stake in shares of Weyco Group by 21.5% in the 1st quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock valued at $1,019,000 after purchasing an additional 5,656 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Weyco Group by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock worth $5,271,000 after buying an additional 5,307 shares during the period. 23.59% of the stock is currently owned by 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.