Weyco Group, Inc. (WEYS) Posts Earnings Results

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

Shares of Weyco Group (NASDAQ:WEYS) opened at 28.10 on Friday. The company has a 50-day moving average of $28.31 and a 200 day moving average of $27.84. The firm has a market capitalization of $287.66 million, a PE ratio of 18.14 and a beta of 0.69. Weyco Group has a 12-month low of $23.75 and a 12-month high of $32.30.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were issued a $0.22 dividend. The ex-dividend date was Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 3.13%. Weyco Group’s dividend payout ratio is presently 55.35%.

In other news, VP Brian Flannery sold 7,145 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $27.95, for a total value of $199,702.75. Following the sale, the vice president now owns 24,295 shares in the company, valued at $679,045.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tina M. Chang sold 1,297 shares of the firm’s 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 owns 9,020 shares in the company, valued at approximately $252,560. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,337 shares of company stock worth $1,420,404. 42.81% of the stock is currently owned by corporate insiders.

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Several analysts recently issued reports on WEYS shares. TheStreet cut shares of Weyco Group from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Weyco Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, BidaskClub cut shares of Weyco Group from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

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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