Weyco Group (NASDAQ:WEYS) Shares Cross Above 200 Day Moving Average - Should You Sell?

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $34.54 and traded as high as $36.85. Weyco Group shares last traded at $36.69, with a volume of 8,953 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Weyco Group from a "buy" rating to a "strong-buy" rating in a report on Friday, November 15th.

Weyco Group Stock Up 0.0 %

The firm's fifty day moving average is $35.84 and its two-hundred day moving average is $34.54. The firm has a market cap of $350.90 million, a P/E ratio of 12.15 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The textile maker reported $0.84 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The company had revenue of $74.33 million for the quarter.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th were paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 24.63%. The ex-dividend date was Monday, November 18th. This is a boost from Weyco Group's previous quarterly dividend of $0.26. Weyco Group's dividend payout ratio (DPR) is presently 34.44%.

Insider Buying and Selling

In other Weyco Group news, CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the transaction, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Allison Woss sold 1,463 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total value of $55,316.03. Following the completion of the sale, the vice president now directly owns 7,623 shares in the company, valued at $288,225.63. This trade represents a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,685 shares of company stock valued at $214,730 over the last ninety days. Company insiders own 38.90% of the company's stock.

Hedge Funds Weigh In On Weyco Group

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Weyco Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker's stock worth $16,947,000 after buying an additional 8,930 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Weyco Group by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker's stock worth $841,000 after acquiring an additional 1,300 shares during the last quarter. Ritholtz Wealth Management lifted its position in Weyco Group by 23.4% in the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker's stock valued at $340,000 after acquiring an additional 1,893 shares in the last quarter. Annex Advisory Services LLC boosted its stake 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 valued at $857,000 after purchasing an additional 6,069 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Weyco Group by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker's stock worth $798,000 after purchasing an additional 757 shares in the last quarter. Hedge funds and other institutional investors own 23.59% of the company's stock.

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.