Weyco Group (NASDAQ:WEYS) Announces Quarterly Earnings Results

Weyco Group (NASDAQ:WEYS) released its quarterly earnings data on Tuesday. The textile maker reported $0.91 EPS for the quarter, FiscalAI reports. The company had revenue of $76.80 million for the quarter. Weyco Group had a return on equity of 9.26% and a net margin of 8.36%.

Weyco Group Stock Up 1.6%

NASDAQ:WEYS opened at $33.00 on Thursday. The stock has a market capitalization of $315.08 million, a price-to-earnings ratio of 13.69 and a beta of 0.99. Weyco Group has a 52 week low of $25.51 and a 52 week high of $34.92. The firm has a 50 day moving average of $31.35 and a 200 day moving average of $30.73.

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, March 13th. Weyco Group’s payout ratio is 44.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WEYS. Wall Street Zen raised shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weyco Group presently has an average rating of “Buy”.

Institutional Trading of Weyco Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Associated Banc Corp acquired a new stake in shares of Weyco Group in the 3rd quarter worth $1,345,000. Citadel Advisors LLC purchased a new stake in Weyco Group in the third quarter valued at about $380,000. Bailard Inc. purchased a new stake in Weyco Group in the third quarter valued at about $211,000. IFG Advisory LLC acquired a new stake in Weyco Group in the second quarter worth about $219,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Weyco Group in the second quarter worth about $204,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.