Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.71 and traded as low as $29.82. Weyco Group shares last traded at $30.09, with a volume of 13,971 shares changing hands.
Weyco Group Price Performance
The stock has a market capitalization of $287.06 million, a PE ratio of 11.19 and a beta of 1.02. The business's fifty day moving average price is $30.23 and its two-hundred day moving average price is $30.71.
Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $58.22 million during the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%.
Weyco Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were given a $0.27 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. Weyco Group's dividend payout ratio is 40.15%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Total Wealth Planning & Management Inc. purchased a new position in Weyco Group in the 2nd quarter valued at about $822,000. Strs Ohio purchased a new stake in shares of Weyco Group in the 1st quarter valued at approximately $466,000. Ritholtz Wealth Management purchased a new stake in shares of Weyco Group in the 2nd quarter valued at approximately $398,000. Nuveen LLC purchased a new stake in shares of Weyco Group in the 1st quarter valued at approximately $277,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Weyco Group by 48.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after buying an additional 7,752 shares during the period. Institutional investors and hedge funds own 23.59% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Weyco Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weyco Group wasn't on the list.
While Weyco Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.