Weyco Group (NASDAQ:WEYS - Get Free Report) released its quarterly earnings results on Tuesday. The textile maker reported $0.24 EPS for the quarter, Zacks reports. Weyco Group had a net margin of 9.20% and a return on equity of 10.31%. The company had revenue of $58.22 million for the quarter.
Weyco Group Stock Up 2.1%
Shares of WEYS stock traded up $0.62 during mid-day trading on Thursday, reaching $29.45. 3,901 shares of the stock traded hands, compared to its average volume of 14,195. The stock's fifty day simple moving average is $31.77 and its two-hundred day simple moving average is $31.98. Weyco Group has a 1-year low of $25.51 and a 1-year high of $41.05. The company has a market cap of $282.08 million, a price-to-earnings ratio of 10.90 and a beta of 0.98.
Weyco Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, August 18th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.08 annualized dividend and a yield of 3.7%. Weyco Group's dividend payout ratio (DPR) is 40.15%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Weyco Group stock. Empowered Funds LLC boosted its holdings in Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,175 shares of the textile maker's stock after acquiring an additional 3,285 shares during the quarter. Empowered Funds LLC owned 0.45% of Weyco Group worth $1,316,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.59% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Weyco Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 9th.
Read Our Latest Report on WEYS
Weyco Group Company Profile
(
Get Free Report)
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.
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