Weyco Group (NASDAQ:WEYS) Issues Earnings Results

Weyco Group (NASDAQ:WEYS) posted its quarterly earnings data on Tuesday. The textile maker reported $1.39 EPS for the quarter, Zacks reports. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%.

Weyco Group Trading Up 1.3%

Shares of NASDAQ:WEYS opened at $40.96 on Wednesday. The business has a fifty day simple moving average of $37.78 and a 200 day simple moving average of $34.54. Weyco Group has a 1 year low of $27.25 and a 1 year high of $41.86. The firm has a market cap of $390.43 million, a price-to-earnings ratio of 16.52 and a beta of 0.88.

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, August 18th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.7%. Weyco Group’s dividend payout ratio is 45.16%.

Analyst Ratings Changes

WEYS has been the subject of a number of research analyst reports. Wall Street Zen upgraded Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Weyco Group

Several large investors have recently added to or reduced their stakes in WEYS. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group in the fourth quarter worth about $30,000. BNP Paribas Financial Markets lifted its stake in shares of Weyco Group by 107.1% in the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after buying an additional 832 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after buying an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Weyco Group during the 4th quarter worth $55,000. Finally, Los Angeles Capital Management LLC acquired a new position in Weyco Group in the 4th quarter valued at $72,000. 23.59% of the stock is owned by institutional investors.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.