Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Weyco Group (WEYS) Share Price
Media coverage about Weyco Group (NASDAQ:WEYS) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weyco Group earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 44.5386625185004 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages have issued reports on WEYS. BidaskClub upgraded shares of Weyco Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. TheStreet upgraded shares of Weyco Group from a “c+” rating to a “b-” rating in a research report on Thursday, November 16th.
Weyco Group (NASDAQ:WEYS) opened at $27.92 on Tuesday. Weyco Group has a 52-week low of $23.75 and a 52-week high of $32.30. The stock has a market cap of $278.55, a P/E ratio of 19.66 and a beta of 0.67.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, December 1st. Weyco Group’s dividend payout ratio (DPR) is presently 55.35%.
In other news, COO John W. Florsheim sold 30,052 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $28.00, for a total transaction of $841,456.00. Following the completion of the sale, the chief operating officer now owns 278,764 shares of the company’s stock, valued at approximately $7,805,392. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cory L. Nettles sold 1,297 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.00, for a total transaction of $36,316.00. Following the sale, the director now directly owns 6,250 shares of the company’s stock, valued at approximately $175,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,794 shares of company stock valued at $948,139. 42.81% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/19/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-weyco-group-weys-share-price.html.
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).
Receive News & Stock Ratings for Weyco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group and related stocks with our FREE daily email newsletter.