Weyco Group, Inc. (NASDAQ:WEYS) Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 48.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,898 shares of the textile maker’s stock after acquiring an additional 7,752 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.25% of Weyco Group worth $728,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased 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 acquired a new stake in Weyco Group in the 4th quarter valued at about $218,000. LPL Financial LLC bought a new position in shares of Weyco Group during the 4th quarter valued at about $324,000. Deutsche Bank AG grew its stake in shares of Weyco Group by 93.0% in the 4th quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker’s stock worth $339,000 after purchasing an additional 4,348 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Weyco Group by 13.8% in the 4th quarter. Barclays PLC now owns 9,106 shares of the textile maker’s stock worth $342,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 9th.

Weyco Group Stock Down 1.5%

WEYS opened at $33.08 on Thursday. The business has a fifty day simple moving average of $31.95 and a 200-day simple moving average of $32.65. The firm has a market cap of $316.91 million, a PE ratio of 10.88 and a beta of 0.92. Weyco Group, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $41.05.

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. Weyco Group had a return on equity of 11.65% and a net margin of 10.19%. The firm had revenue of $68.03 million for the quarter.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.27 per share. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, May 16th. Weyco Group’s payout ratio is 35.53%.

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.