Somewhat Negative News Coverage Somewhat Unlikely to Affect Weyco Group (WEYS) Share Price
News articles about Weyco Group (NASDAQ:WEYS) have trended somewhat negative on Friday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Weyco Group earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 47.1943691427828 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Insider Selling: Weyco Group, Inc. (WEYS) Director Sells 500 Shares of Stock (americanbankingnews.com)
- Weyco Group, Inc. (WEYS) CFO Sells $76,860.00 in Stock (americanbankingnews.com)
- Weyco Group, Inc. (WEYS) VP Allison Woss Sells 500 Shares (americanbankingnews.com)
- 2 Days Left To Cash In On Weyco Group Inc (NASDAQ:WEYS) Dividend, Is It Worth Buying? (finance.yahoo.com)
Separately, BidaskClub lowered Weyco Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 7.87% and a net margin of 6.13%. The company had revenue of $60.89 million during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, August 29th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.58%.
In other news, CFO John Wittkowske sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $39.08, for a total transaction of $156,320.00. Following the completion of the transaction, the chief financial officer now directly owns 98,610 shares in the company, valued at $3,853,678.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Bernsteen sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $36.13, for a total value of $36,130.00. Following the transaction, the vice president now owns 6,249 shares of the company’s stock, valued at $225,776.37. The disclosure for this sale can be found here. Insiders have sold 10,315 shares of company stock valued at $391,528 over the last 90 days. 43.60% of the stock is owned by corporate insiders.
About Weyco Group
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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