Weyco Group (NASDAQ:WEYS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Weyco Group, Inc. (NASDAQ:WEYS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.89 and traded as high as $34.00. Weyco Group shares last traded at $33.78, with a volume of 61,454 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WEYS shares. Wall Street Zen lowered Weyco Group from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings upgraded 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 data from MarketBeat, Weyco Group has an average rating of “Buy”.

Weyco Group Trading Up 2.3%

The company has a market cap of $322.60 million, a price-to-earnings ratio of 14.02 and a beta of 0.99. The stock’s 50-day moving average is $31.64 and its 200-day moving average is $30.89.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.91 EPS for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.26%. The business had revenue of $76.80 million during the quarter.

Weyco Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.27 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.2%. Weyco Group’s dividend payout ratio (DPR) is currently 44.81%.

Institutional Trading of Weyco Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEYS. Associated Banc Corp bought a new position in Weyco Group in the third quarter worth approximately $1,345,000. Citadel Advisors LLC bought a new stake in shares of Weyco Group during the third quarter valued at approximately $380,000. Bailard Inc. bought a new stake in shares of Weyco Group during the third quarter valued at approximately $211,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Weyco Group during the second quarter worth approximately $204,000. Finally, Bridgeway Capital Management LLC raised its position in shares of Weyco Group by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after purchasing an additional 4,186 shares during the period. 23.59% of the stock is owned by institutional investors.

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.