Weyco Group, Inc. (NASDAQ:WEYS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Weyco Group, Inc. (NASDAQ:WEYS) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,827 shares of the textile maker’s stock after buying an additional 5,307 shares during the period. Geode Capital Management LLC owned 1.63% of Weyco Group worth $5,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WEYS. State Street Corp boosted its position in shares of Weyco Group by 0.4% in the third quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock worth $3,092,000 after acquiring an additional 375 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 511 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Weyco Group by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker’s stock valued at $798,000 after buying an additional 757 shares during the period. First Business Financial Services Inc. increased its holdings in shares of Weyco Group by 8.3% during 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 during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Weyco Group by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock worth $841,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Stock Performance

NASDAQ WEYS opened at $36.74 on Friday. The firm has a market capitalization of $351.20 million, a price-to-earnings ratio of 12.17 and a beta of 0.71. Weyco Group, Inc. has a one year low of $27.05 and a one year high of $41.05. The company’s 50 day moving average price is $36.11 and its 200 day moving average price is $33.75.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, November 18th were issued a dividend of $2.26 per share. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, November 18th. This represents a $9.04 annualized dividend and a dividend yield of 24.61%. Weyco Group’s payout ratio is presently 34.44%.

Analysts Set New Price Targets

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

Insider Buying and Selling

In other Weyco Group news, VP Allison Woss sold 1,463 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 7,623 shares in the company, valued at $288,225.63. This represents a 16.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Damian Walton sold 1,000 shares of Weyco Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.21, for a total transaction of $38,210.00. Following the sale, the insider now owns 6,030 shares in the company, valued at $230,406.30. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,685 shares of company stock valued at $214,730. Company insiders own 38.90% 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.