Weyco Group, Inc. (NASDAQ:WEYS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 72.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,912 shares of the textile maker’s stock after acquiring an additional 4,990 shares during the period. JPMorgan Chase & Co. owned 0.12% of Weyco Group worth $405,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Weyco Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after purchasing an additional 8,930 shares during the last quarter. Geode Capital Management LLC lifted its stake in Weyco Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock valued at $5,271,000 after buying an additional 5,307 shares during the last quarter. State Street Corp boosted its holdings in shares of Weyco Group by 0.4% during the third quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock valued at $3,092,000 after acquiring an additional 375 shares during the period. Empowered Funds LLC grew its position in shares of Weyco Group by 5.1% during the third quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker’s stock worth $1,227,000 after acquiring an additional 1,742 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of 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 period. 23.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Weyco Group Price Performance

Shares of WEYS stock opened at $36.69 on Thursday. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05. The firm has a market capitalization of $350.76 million, a price-to-earnings ratio of 12.15 and a beta of 0.71. The business has a 50 day simple moving average of $35.84 and a 200 day simple moving average of $34.54.

Weyco Group (NASDAQ:WEYS) last released 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 return on equity of 11.52% and a net margin of 9.94%. The company had revenue of $74.33 million during the quarter.

Weyco Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $2.26 per share. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 24.64%. Weyco Group’s dividend payout ratio (DPR) is presently 34.44%.

Insiders Place Their Bets

In related news, VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the transaction, the vice president now directly owns 7,623 shares of the company’s stock, valued at $288,225.63. The trade was a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Judy Anderson sold 2,893 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. This trade represents a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,685 shares of company stock worth $214,730. 38.90% of the stock is owned by corporate insiders.

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.