On November 11, 2024, Damian Walton, President of Florsheim Australia, a subsidiary of Weyco Group Inc (WEYS, Financial), sold 1,000 shares of the company. The transaction was filed on November 13, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns 6,030 shares of Weyco Group Inc.
Weyco Group Inc, headquartered in Milwaukee, Wisconsin, is a global footwear company that designs and markets quality and innovative footwear for men, women, and children under various brand names including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi.
Over the past year, Damian Walton has sold a total of 5,410 shares and has not purchased any shares of the company. This recent sale is part of a broader trend within Weyco Group Inc, where there have been 14 insider sells and no insider buys over the past year.
Shares of Weyco Group Inc were trading at $38.21 on the day of the sale. The company has a market cap of $365.012 million. The price-earnings ratio of the stock is 12.74, which is lower than both the industry median of 19.605 and the company’s historical median.
According to the GF Value, the intrinsic value of Weyco Group Inc is estimated at $26.83 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.42.
This valuation is based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider transaction history and valuation metrics provide a comprehensive view of the insider's recent activity and the company's financial standing, respectively.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
