Weyco Group (NASDAQ:WEYS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Weyco Group, Inc. (NASDAQ:WEYS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.67 and traded as low as $32.49. Weyco Group shares last traded at $33.54, with a volume of 10,588 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 9th.

Weyco Group Price Performance

The firm has a 50-day simple moving average of $29.93 and a 200-day simple moving average of $33.67. The firm has a market capitalization of $323.43 million, a PE ratio of 11.11 and a beta of 0.91.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data on Tuesday, May 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $68.03 million for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Weyco Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.27 per share. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.22%. Weyco Group’s payout ratio is presently 35.53%.

Hedge Funds Weigh In On Weyco Group

Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in Weyco Group by 394.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after acquiring an additional 2,000 shares during the period. Wells Fargo & Company MN raised its position in shares of Weyco Group by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 775 shares during the period. Martingale Asset Management L P purchased a new position in shares of Weyco Group during the 4th quarter valued at $218,000. Barclays PLC boosted its holdings in Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after buying an additional 5,803 shares during the period. Finally, Nuveen LLC purchased a new stake in Weyco Group in the 1st quarter worth $277,000. 23.59% of the stock is owned by institutional investors.

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.