Weyco Group (NASDAQ:WEYS) Stock Price Passes Above 200-Day Moving Average - What's Next?

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Weyco Group Price Performance

The company has a market capitalization of $319.77 million, a price-to-earnings ratio of 11.15 and a beta of 0.71. The stock has a 50 day simple moving average of $33.59 and a two-hundred day simple moving average of $31.45.

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

Weyco Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, August 19th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, August 19th. 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 shares were sold at an average price of $32.50, for a total value of $43,550.00. Following the completion of the transaction, the insider now owns 7,030 shares in the company, valued at $228,475. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 3,078 shares of company stock valued at $102,351 in the last ninety days. Insiders own 38.90% of the company's stock.

Institutional Investors Weigh In On Weyco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Weyco Group in the 2nd quarter valued at $25,000. O Shaughnessy Asset Management LLC increased 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 purchasing an additional 1,212 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Weyco Group by 4.9% in the second quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker's stock valued at $841,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Weyco Group by 83.6% during the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker's stock worth $102,000 after buying an additional 1,456 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker's stock worth $52,000 after buying an additional 1,654 shares during the period. Hedge funds and other institutional investors own 23.59% of the company's stock.

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.