Weyco Group, Inc. (NASDAQ:WEYS) Plans $0.22 Quarterly Dividend
Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Wednesday, August 30th will be given a dividend of 0.22 per share by the textile maker on Friday, September 29th. This represents a $0.88 annualized dividend and a yield of 3.24%. The ex-dividend date is Monday, August 28th.
Weyco Group (NASDAQ:WEYS) traded up 0.18% on Friday, reaching $27.12. The company had a trading volume of 9,923 shares. Weyco Group has a 12 month low of $23.75 and a 12 month high of $32.30. The firm has a 50-day moving average of $27.59 and a 200-day moving average of $27.64. The stock has a market capitalization of $277.63 million, a P/E ratio of 17.51 and a beta of 0.69.
Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $57.45 million during the quarter. Weyco Group had a return on equity of 6.93% and a net margin of 5.65%. On average, equities research analysts expect that Weyco Group will post $1.36 earnings per share for the current fiscal year.
Several analysts have recently weighed in on WEYS shares. B. Riley restated a “neutral” rating and set a $26.00 target price on shares of Weyco Group in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Weyco Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Weyco Group from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, TheStreet cut shares of Weyco Group from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd.
In other news, VP Michael Bernsteen sold 5,886 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.55, for a total transaction of $162,159.30. Following the transaction, the vice president now owns 6,851 shares of the company’s stock, valued at $188,745.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.81% of the company’s stock.
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).
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