Weyco Group, Inc. (NASDAQ:WEYS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,827 shares of the textile maker’s stock after purchasing an additional 5,307 shares during the quarter. Geode Capital Management LLC’s holdings in Weyco Group were worth $5,271,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WEYS. Bank of New York Mellon Corp increased its stake in shares of Weyco Group by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock worth $2,717,000 after buying an additional 2,190 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,654 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Weyco Group by 9.1% in the 2nd quarter. Acadian Asset Management LLC now owns 23,921 shares of the textile maker’s stock worth $724,000 after purchasing an additional 2,002 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Weyco Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after purchasing an additional 8,930 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Weyco Group by 4.9% during the second quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock worth $841,000 after purchasing an additional 1,300 shares during the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyco Group

In related news, CFO Judy Anderson sold 2,893 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the transaction, the chief financial officer now owns 13,100 shares in the company, valued at $497,538. The trade was a 18.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Damian Walton sold 1,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $38.21, for a total value of $38,210.00. Following the transaction, the insider now owns 6,030 shares of the company’s stock, valued at approximately $230,406.30. The trade was a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,685 shares of company stock valued at $214,730 in the last quarter. Insiders own 38.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

Weyco Group Price Performance

Shares of WEYS opened at $36.74 on Friday. The stock has a market capitalization of $351.20 million, a PE ratio of 12.17 and a beta of 0.71. The business’s fifty day moving average price is $36.11 and its 200 day moving average price is $33.75. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05.

Weyco Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th were issued a $2.26 dividend. The ex-dividend date was Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a dividend yield of 24.61%. Weyco Group’s payout ratio is 34.44%.

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.