Weyco Group (NASDAQ:WEYS) Share Price Crosses Below 200 Day Moving Average of $26.18

Weyco Group, Inc. (NASDAQ:WEYSGet Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.18 and traded as low as $21.84. Weyco Group shares last traded at $22.20, with a volume of 8,861 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Weyco Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.

Weyco Group Stock Performance

The business has a 50-day simple moving average of $26.01 and a 200 day simple moving average of $26.18. The firm has a market cap of $214.56 million, a P/E ratio of 8.95 and a beta of 0.57.

Weyco Group (NASDAQ:WEYSGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The textile maker reported $0.47 EPS for the quarter. The business had revenue of $74.36 million during the quarter. Weyco Group had a return on equity of 12.01% and a net margin of 7.51%.

Weyco Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, August 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, August 25th. Weyco Group’s dividend payout ratio is currently 38.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA bought a new position in shares of Weyco Group in the 2nd quarter worth approximately $35,000. Lazard Asset Management LLC bought a new position in shares of Weyco Group in the 2nd quarter worth approximately $55,000. American International Group Inc. purchased a new stake in shares of Weyco Group in the 2nd quarter worth approximately $68,000. JPMorgan Chase & Co. grew its stake in shares of Weyco Group by 157,750.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,157 shares of the textile maker’s stock worth $77,000 after buying an additional 3,155 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Weyco Group by 15.3% in the 1st quarter. UBS Group AG now owns 5,657 shares of the textile maker’s stock worth $140,000 after buying an additional 749 shares during the last quarter. Institutional investors own 23.41% of the company’s stock.

Weyco Group Company Profile

(Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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