Weyco Group, Inc. (NASDAQ:WEYS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,156 shares of the textile maker’s stock after selling 907 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.18% of Weyco Group worth $644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Weyco Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock worth $5,271,000 after purchasing an additional 5,307 shares during the period. State Street Corp grew its holdings 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 valued at $3,092,000 after purchasing an additional 375 shares in the last quarter. Empowered Funds LLC increased its stake in Weyco Group by 10.7% during the 4th quarter. Empowered Funds LLC now owns 39,890 shares of the textile maker’s stock worth $1,498,000 after buying an additional 3,848 shares during the period. Annex Advisory Services LLC lifted its holdings in Weyco Group by 36.7% during the 4th quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker’s stock worth $1,293,000 after buying an additional 9,245 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Weyco Group by 22,965.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker’s stock valued at $606,000 after buying an additional 16,076 shares during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

Weyco Group Price Performance

WEYS stock opened at $30.48 on Tuesday. The business’s 50-day moving average is $33.68 and its two-hundred day moving average is $34.67. The firm has a market capitalization of $291.36 million, a P/E ratio of 10.09 and a beta of 0.71. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The firm had revenue of $80.47 million for the quarter.

Weyco Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.41%. Weyco Group’s dividend payout ratio (DPR) is currently 32.91%.

Weyco Group 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.