Weyco Group, Inc. (NASDAQ:WEYS) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 72.1% during the third quarter, HoldingsChannel.com reports. The fund owned 11,912 shares of the textile maker’s stock after buying an additional 4,990 shares during the period. JPMorgan Chase & Co.’s holdings in Weyco Group were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Weyco Group by 0.4% in the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock valued at $3,092,000 after purchasing an additional 375 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Weyco Group by 34.1% in the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after buying an additional 511 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Weyco Group by 3.3% in the third quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker’s stock worth $798,000 after buying an additional 757 shares during the period. First Business Financial Services Inc. increased its position in shares of Weyco Group by 8.3% in the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock worth $446,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings 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 valued at $841,000 after acquiring an additional 1,300 shares during the period. 23.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Allison Woss sold 1,463 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total value of $55,316.03. Following the completion of the sale, the vice president now owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. The trade was a 16.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Judy Anderson sold 2,893 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total transaction of $109,876.14. Following the transaction, the chief financial officer now directly owns 13,100 shares in the company, valued at approximately $497,538. The trade was a 18.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,685 shares of company stock worth $214,730 in the last quarter. 38.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Weyco Group Trading Up 0.6 %

Shares of WEYS stock opened at $36.69 on Thursday. The company has a market capitalization of $350.76 million, a price-to-earnings ratio of 12.15 and a beta of 0.71. Weyco Group, Inc. has a 1-year low of $27.05 and a 1-year high of $41.05. The stock’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $34.54.

Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, November 5th. The textile maker reported $0.84 earnings per share for the quarter. The company had revenue of $74.33 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 24.64%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s dividend payout ratio is currently 34.44%.

Weyco Group Company 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.