Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Wednesday, August 30th will be paid a dividend of 0.22 per share by the textile maker on Friday, September 29th. 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 Monday, August 28th.
Shares of Weyco Group (NASDAQ WEYS) opened at 27.94 on Friday. The company has a market capitalization of $286.02 million, a PE ratio of 18.04 and a beta of 0.69. The stock has a 50 day moving average price of $27.59 and a 200-day moving average price of $27.63. Weyco Group has a 52 week low of $23.75 and a 52 week high of $32.30.
Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Weyco Group had a return on equity of 6.93% and a net margin of 5.65%. The business had revenue of $57.45 million during the quarter. Equities research analysts expect that Weyco Group will post $1.36 EPS for the current year.
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WEYS has been the subject of a number of research analyst reports. B. Riley restated a “neutral” rating and issued a $26.00 target price on shares of Weyco Group in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut Weyco Group from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, TheStreet cut Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd.
In other news, CFO John Wittkowske sold 30,040 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.55, for a total value of $827,602.00. Following the completion of the transaction, the chief financial officer now owns 123,000 shares in the company, valued at approximately $3,388,650. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael Bernsteen sold 5,886 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $27.55, for a total value of $162,159.30. Following the completion of the transaction, the vice president now owns 6,851 shares of the company’s stock, valued at approximately $188,745.05. The disclosure for this sale can be found here. Company insiders own 42.81% of the company’s stock.
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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