Weyco Group (WEYS) Earns Daily News Sentiment Score of 0.03
Press coverage about Weyco Group (NASDAQ:WEYS) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Weyco Group earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 46.104585938945 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages have recently issued reports on WEYS. BidaskClub raised shares of Weyco Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. TheStreet cut shares of Weyco Group from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd.
Shares of Weyco Group (WEYS) traded up $0.43 during trading on Monday, reaching $27.89. 8,600 shares of the company were exchanged, compared to its average volume of 9,714. Weyco Group has a 12-month low of $23.75 and a 12-month high of $32.30. The stock has a market cap of $284.26, a PE ratio of 20.07 and a beta of 0.66.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Friday, October 27th. The textile maker reported $0.48 earnings per share for the quarter. Weyco Group had a net margin of 5.81% and a return on equity of 7.08%. The firm had revenue of $76.91 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.22 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. Weyco Group’s dividend payout ratio is currently 55.35%.
In other Weyco Group news, CFO John Wittkowske sold 30,040 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.55, for a total value of $827,602.00. Following the transaction, the chief financial officer now owns 123,000 shares in the company, valued at approximately $3,388,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Bernsteen sold 4,344 shares of the business’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 $121,632.00. Following the completion of the transaction, the vice president now owns 3,765 shares in the company, valued at approximately $105,420. The disclosure for this sale can be found here. Insiders sold a total of 52,634 shares of company stock worth $1,456,720 in the last quarter. 42.81% of the stock is currently owned by company insiders.
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About Weyco Group
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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