Weyco Group, Inc. (WEYS) Announces Earnings Results

Weyco Group, Inc. (NASDAQ:WEYS) released its quarterly earnings data on Friday. The textile maker reported $0.48 earnings per share for the quarter, Bloomberg Earnings reports. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. The business had revenue of $76.91 million during the quarter.

Shares of Weyco Group (WEYS) traded down 0.28% on Friday, reaching $28.10. 9,766 shares of the company’s stock traded hands. The firm’s 50-day moving average is $28.31 and its 200-day moving average is $27.84. The stock has a market cap of $287.66 million, a price-to-earnings ratio of 18.14 and a beta of 0.69. Weyco Group has a 52-week low of $23.75 and a 52-week high of $32.30.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.13%. Weyco Group’s dividend payout ratio is 56.77%.

In other news, VP Michael Bernsteen sold 5,886 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.55, for a total value of $162,159.30. Following the completion of the sale, the vice president now directly owns 6,851 shares of the company’s stock, valued at $188,745.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tina M. Chang sold 1,297 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $28.00, for a total transaction of $36,316.00. Following the completion of the sale, the director now directly owns 9,020 shares of the company’s stock, valued at $252,560. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,337 shares of company stock valued at $1,420,404. Corporate insiders own 42.81% of the company’s stock.

A number of research analysts recently weighed in on the stock. TheStreet lowered shares of Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Weyco Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

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Weyco Group Company Profile

Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).

Earnings History for Weyco Group (NASDAQ:WEYS)

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