Barclays PLC Increases Stock Holdings in Weyco Group, Inc. (NASDAQ:WEYS)

Barclays PLC lifted its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 263.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,003 shares of the textile maker’s stock after acquiring an additional 5,803 shares during the period. Barclays PLC’s holdings in Weyco Group were worth $273,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WEYS. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 valued at $52,000 after buying an additional 1,654 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after buying an additional 511 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Weyco Group by 23.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after buying an additional 1,893 shares during the period. First Business Financial Services Inc. increased its holdings in Weyco Group by 8.3% during the 3rd quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock worth $446,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Weyco Group by 9.1% during 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. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Weyco Group news, VP Allison Woss sold 1,463 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the sale, the vice president now owns 7,623 shares in the company, valued at approximately $288,225.63. This trade represents a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Damian Walton sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.21, for a total transaction of $38,210.00. Following the completion of the sale, the insider now owns 6,030 shares in the company, valued at $230,406.30. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,685 shares of company stock valued at $214,730. 38.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Weyco Group Stock Performance

Shares of NASDAQ WEYS opened at $36.74 on Monday. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05. The company has a market capitalization of $351.20 million, a price-to-earnings ratio of 12.17 and a beta of 0.71. The business has a 50 day simple moving average of $36.11 and a 200-day simple moving average of $33.79.

Weyco Group Increases Dividend

The company 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. This represents a $9.04 dividend on an annualized basis and a dividend yield of 24.61%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, November 18th. 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.