Weyco Group (WEYS) Earning Somewhat Favorable Media Coverage, Accern Reports
Media stories about Weyco Group (NASDAQ:WEYS) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Weyco Group earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 47.2255757391229 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Weyco Group traded up $0.33, reaching $37.12, during trading on Friday, Marketbeat Ratings reports. 7,577 shares of the company’s stock were exchanged, compared to its average volume of 7,704. Weyco Group has a 52-week low of $26.84 and a 52-week high of $39.93. The stock has a market cap of $370.08 million, a price-to-earnings ratio of 22.93 and a beta of 0.51.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 7th. The textile maker reported $0.15 earnings per share for the quarter. Weyco Group had a net margin of 6.13% and a return on equity of 7.83%. The firm had revenue of $60.89 million during the quarter.
Separately, BidaskClub cut shares of Weyco Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th.
In other Weyco Group news, VP Michael Bernsteen sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $32.90, for a total value of $32,900.00. Following the transaction, the vice president now owns 8,249 shares in the company, valued at approximately $271,392.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Judy Anderson sold 1,684 shares of the business’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $35.03, for a total transaction of $58,990.52. Following the completion of the transaction, the vice president now owns 6,250 shares in the company, valued at approximately $218,937.50. The disclosure for this sale can be found here. Insiders sold a total of 6,421 shares of company stock worth $219,966 in the last quarter. 43.60% of the stock is currently owned by company insiders.
Weyco Group Company Profile
Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.
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