Segall Bryant & Hamill LLC Buys New Stake in Weyco Group, Inc. (NASDAQ:WEYS)

Segall Bryant & Hamill LLC purchased a new stake in Weyco Group, Inc. (NASDAQ:WEYS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 27,240 shares of the textile maker's stock, valued at approximately $1,023,000. Segall Bryant & Hamill LLC owned 0.28% of Weyco Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Weyco Group by 34.1% in 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. State Street Corp grew its holdings in shares of Weyco Group by 0.4% during the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker's stock worth $3,092,000 after purchasing an additional 375 shares during the period. Barclays PLC grew its holdings in shares of Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock worth $273,000 after purchasing an additional 5,803 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 5,307 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Weyco Group by 72.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker's stock valued at $405,000 after buying an additional 4,990 shares during the period. Institutional investors and hedge funds own 23.59% of the company's stock.

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 report on Tuesday, March 18th.

Weyco Group Stock Up 3.8 %

NASDAQ:WEYS traded up $1.14 during trading hours on Wednesday, reaching $31.22. 4,744 shares of the stock were exchanged, compared to its average volume of 12,812. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05. The business has a 50-day moving average of $33.68 and a two-hundred day moving average of $34.67. The company has a market capitalization of $301.05 million, a price-to-earnings ratio of 10.34 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $80.47 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, March 14th. Weyco Group's payout ratio is 32.91%.

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.