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

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) CFO Judy Anderson sold 2,893 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the sale, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. This represents a 18.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Weyco Group Trading Up 2.8 %

Shares of NASDAQ:WEYS traded up $1.07 on Friday, reaching $38.89. 31,577 shares of the company's stock were exchanged, compared to its average volume of 11,547. The company has a fifty day moving average of $34.45 and a 200-day moving average of $32.24. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05. The company has a market capitalization 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 declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be issued a dividend of $2.26 per share. The ex-dividend date is Monday, November 18th. This is a positive change from Weyco Group's previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a dividend yield of 23.25%. Weyco Group's payout ratio is 34.44%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Weyco Group

Large investors have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock valued at $273,000 after buying an additional 5,803 shares during the period. State Street Corp increased its holdings in Weyco Group by 0.4% during the third quarter. State Street Corp now owns 90,832 shares of the textile maker's stock worth $3,092,000 after buying an additional 375 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Weyco Group by 34.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker's stock valued at $68,000 after acquiring an additional 511 shares during the period. Empowered Funds LLC lifted its holdings in shares of Weyco Group by 5.1% in the third quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker's stock worth $1,227,000 after buying an additional 1,742 shares in the last quarter. Finally, First Business Financial Services Inc. grew its stake in Weyco Group by 8.3% in the 3rd quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker's stock worth $446,000 after buying an additional 1,000 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

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.