Weyco Group (NASDAQ:WEYS) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Weyco Group, Inc. (NASDAQ:WEYS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Weyco Group Price Performance

The firm has a market capitalization of $350.76 million, a P/E ratio of 12.15 and a beta of 0.71. The stock’s 50-day simple moving average is $35.84 and its two-hundred day simple moving average is $34.54.

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

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were given a $2.26 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a dividend yield of 24.64%. The ex-dividend date of this dividend was Monday, November 18th. Weyco Group’s dividend payout ratio is presently 34.44%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Weyco Group

A number of hedge funds have recently bought and sold shares of WEYS. BNP Paribas Financial Markets raised its stake in Weyco Group by 34.1% during the third 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 in the last quarter. Nisa Investment Advisors LLC raised its stake in Weyco Group by 394.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 2,000 shares in the last quarter. Barclays PLC raised its stake in Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 5,803 shares in the last quarter. Ritholtz Wealth Management raised its stake in Weyco Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock valued at $405,000 after purchasing an additional 4,990 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.