Weyco Group, Inc. (WEYS) VP Sells $121,632.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 4,344 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $28.00, for a total value of $121,632.00. Following the completion of the transaction, the vice president now directly owns 3,765 shares in the company, valued at $105,420. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael Bernsteen also recently made the following trade(s):

  • On Thursday, September 7th, Michael Bernsteen sold 250 shares of Weyco Group stock. The shares were sold at an average price of $27.91, for a total value of $6,977.50.
  • On Thursday, August 17th, Michael Bernsteen sold 5,886 shares of Weyco Group stock. The shares were sold at an average price of $27.55, for a total value of $162,159.30.

Shares of Weyco Group, Inc. (NASDAQ WEYS) opened at 28.07 on Friday. The company has a market capitalization of $287.35 million, a price-to-earnings ratio of 18.12 and a beta of 0.70. Weyco Group, Inc. has a 12 month low of $23.75 and a 12 month high of $32.30. The company has a 50-day moving average price of $27.57 and a 200-day moving average price of $27.58.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. The company had revenue of $57.45 million during the quarter. On average, equities analysts anticipate that Weyco Group, Inc. will post $1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 3.15%. Weyco Group’s dividend payout ratio (DPR) is presently 56.77%.

TRADEMARK VIOLATION NOTICE: “Weyco Group, Inc. (WEYS) VP Sells $121,632.00 in Stock” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/15/weyco-group-inc-weys-vp-sells-121632-00-in-stock.html.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in Weyco Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,548 shares of the textile maker’s stock worth $545,000 after buying an additional 114 shares during the period. American International Group Inc. lifted its holdings in Weyco Group by 7.0% in the first quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock worth $113,000 after buying an additional 261 shares during the period. Nationwide Fund Advisors lifted its holdings in Weyco Group by 6.2% in the first quarter. Nationwide Fund Advisors now owns 5,839 shares of the textile maker’s stock worth $164,000 after buying an additional 343 shares during the period. Bessemer Group Inc. lifted its holdings in Weyco Group by 3.9% in the second quarter. Bessemer Group Inc. now owns 10,600 shares of the textile maker’s stock worth $296,000 after buying an additional 400 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in Weyco Group by 2.2% in the second quarter. Martingale Asset Management L P now owns 23,402 shares of the textile maker’s stock worth $653,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 32.92% of the company’s stock.

A number of research analysts have recently issued reports on WEYS shares. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet downgraded Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

Weyco Group Company Profile

Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).

Insider Buying and Selling by Quarter for Weyco Group (NASDAQ:WEYS)

Receive News & Ratings for Weyco Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply