Baird Financial Group Inc. lifted its holdings in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 150.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 110,551 shares of the textile maker’s stock after acquiring an additional 66,355 shares during the period. Baird Financial Group Inc. owned approximately 1.08% of Weyco Group worth $4,024,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of Weyco Group during the 1st quarter worth about $210,000. Dimensional Fund Advisors LP lifted its holdings in shares of Weyco Group by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 460,368 shares of the textile maker’s stock worth $15,468,000 after acquiring an additional 33,240 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weyco Group by 39.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,062 shares of the textile maker’s stock worth $1,011,000 after acquiring an additional 8,534 shares during the period. Hartford Investment Management Co. bought a new position in Weyco Group during the 2nd quarter valued at about $233,000. Finally, Spark Investment Management LLC bought a new position in Weyco Group during the 2nd quarter valued at about $414,000. 30.84% of the stock is owned by institutional investors.
Shares of WEYS stock opened at $36.30 on Friday. Weyco Group, Inc. has a 12-month low of $27.00 and a 12-month high of $39.93. The stock has a market cap of $367.49 million, a P/E ratio of 23.04 and a beta of 0.45.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 6.13% and a return on equity of 7.87%. The firm had revenue of $60.89 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, August 28th.
Separately, BidaskClub downgraded shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th.
In related news, CFO John Wittkowske sold 4,000 shares of Weyco Group stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $39.08, for a total transaction of $156,320.00. Following the completion of the transaction, the chief financial officer now directly owns 98,610 shares of the company’s stock, valued at approximately $3,853,678.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Judy Anderson sold 1,578 shares of Weyco Group stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $37.60, for a total transaction of $59,332.80. Following the transaction, the vice president now directly owns 6,250 shares of the company’s stock, valued at $235,000. The disclosure for this sale can be found here. Insiders have sold a total of 10,078 shares of company stock valued at $383,747 over the last three months. 43.60% of the stock is currently owned by insiders.
Weyco Group Company Profile
Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.
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