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

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.75 and traded as high as $34.50. Weyco Group shares last traded at $34.50, with a volume of 9,677 shares changing hands.

Weyco Group Trading Up 19.0 %

The firm has a market cap of $389.47 million, a P/E ratio of 12.99 and a beta of 0.71. The company's fifty day moving average price is $33.74 and its two-hundred day moving average price is $31.81.

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

Insider Activity at Weyco Group

In other news, insider Damian Walton sold 1,340 shares of Weyco Group stock in a transaction on Monday, September 9th. The stock was sold at an average price of $32.50, for a total value of $43,550.00. Following the transaction, the insider now owns 7,030 shares in the company, valued at approximately $228,475. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 3,078 shares of company stock worth $102,351. Insiders own 38.90% of the company's stock.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in Weyco Group by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker's stock worth $699,000 after buying an additional 1,810 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Weyco Group by 5.7% in the 1st 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 in the last quarter. BNP Paribas Financial Markets grew 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 valued at $102,000 after buying an additional 1,456 shares during the last quarter. Vanguard Group Inc. increased its stake in Weyco Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker's stock worth $10,818,000 after purchasing an additional 2,799 shares during the period. Finally, Ritholtz Wealth Management grew its stake in shares of Weyco Group by 23.4% in the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker's stock worth $340,000 after purchasing an additional 1,893 shares during the last quarter. Institutional investors and hedge funds 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.