Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Down 28.7% in December

Weyco Group, Inc. (NASDAQ:WEYS) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 67,269 shares, a drop of 28.7% from the December 15th total of 94,402 shares. Based on an average daily trading volume, of 13,439 shares, the days-to-cover ratio is currently 5.0 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,439 shares, the days-to-cover ratio is currently 5.0 days.

Insider Transactions at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 1,059 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $30.09, for a total value of $31,865.31. Following the completion of the sale, the vice president directly owned 3,455 shares of the company’s stock, valued at $103,960.95. The trade was a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 35.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Weyco Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after buying an additional 2,792 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after acquiring an additional 2,224 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Weyco Group by 2.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 98,380 shares of the textile maker’s stock worth $2,960,000 after purchasing an additional 2,419 shares in the last quarter. Associated Banc Corp acquired a new position in Weyco Group in the 3rd quarter valued at about $1,345,000. Finally, Empowered Funds LLC raised its stake in Weyco Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,285 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Stock Performance

WEYS stock opened at $30.86 on Friday. Weyco Group has a one year low of $25.51 and a one year high of $37.25. The stock has a market capitalization of $294.71 million, a PE ratio of 12.15 and a beta of 0.97. The company has a fifty day moving average of $31.26 and a 200-day moving average of $30.72.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, November 4th. The textile maker reported $0.69 earnings per share for the quarter. Weyco Group had a net margin of 8.71% and a return on equity of 9.82%. The business had revenue of $73.12 million for the quarter.

Weyco Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, November 17th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, November 17th. Weyco Group’s dividend payout ratio (DPR) is 42.52%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Weyco Group currently has a consensus rating of “Buy”.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.