Bank of Montreal Can increased its position in shares of Weyco Group Inc. (NASDAQ:WEYS) by 0.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,382 shares of the company’s stock after buying an additional 5 shares during the period. Bank of Montreal Can owned about 0.11% of Weyco Group worth $306,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WEYS. Bank of New York Mellon Corp raised its stake in shares of Weyco Group by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 77,740 shares of the company’s stock worth $2,160,000 after buying an additional 3,024 shares during the period. Coldstream Capital Management Inc. increased its position in Weyco Group by 174.3% in the second quarter. Coldstream Capital Management Inc. now owns 24,702 shares of the company’s stock worth $686,000 after buying an additional 15,697 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Weyco Group by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 16,668 shares of the company’s stock worth $464,000 after buying an additional 252 shares in the last quarter. BlackRock Fund Advisors increased its position in Weyco Group by 0.5% in the second quarter. BlackRock Fund Advisors now owns 170,997 shares of the company’s stock worth $4,750,000 after buying an additional 914 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its position in Weyco Group by 6.4% in the second quarter. BlackRock Investment Management LLC now owns 25,815 shares of the company’s stock worth $717,000 after buying an additional 1,543 shares in the last quarter. 32.30% of the stock is currently owned by hedge funds and other institutional investors.
Weyco Group Inc. (NASDAQ:WEYS) traded down 0.10% on Friday, reaching $29.42. 9,870 shares of the company were exchanged. Weyco Group Inc. has a 52 week low of $22.94 and a 52 week high of $30.11. The stock has a market capitalization of $307.41 million, a price-to-earnings ratio of 20.47 and a beta of 0.56. The stock has a 50-day moving average price of $26.99 and a 200 day moving average price of $26.96.
Weyco Group (NASDAQ:WEYS) last released its earnings results on Monday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. The company had revenue of $79.10 million for the quarter, compared to analyst estimates of $80.54 million. Weyco Group had a net margin of 5.06% and a return on equity of 7.69%. Analysts forecast that Weyco Group Inc. will post $1.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Monday, December 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.86%. Weyco Group’s payout ratio is 58.74%.
A number of research firms recently issued reports on WEYS. B. Riley restated a “neutral” rating and set a $24.00 target price on shares of Weyco Group in a research report on Tuesday, November 8th. TheStreet downgraded shares of Weyco Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded shares of Weyco Group from a “sell” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Saturday, November 12th.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe.