Weyco Group (NASDAQ:WEYS - Get Free Report) announced its earnings results on Tuesday. The textile maker reported $1.04 earnings per share (EPS) for the quarter, Zacks reports. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The firm had revenue of $80.47 million for the quarter.
Weyco Group Trading Down 1.7 %
Shares of WEYS traded down $0.55 during mid-day trading on Friday, reaching $31.63. The company had a trading volume of 6,872 shares, compared to its average volume of 12,178. The stock has a market cap of $302.35 million, a price-to-earnings ratio of 10.47 and a beta of 0.69. The firm has a fifty day simple moving average of $35.64 and a 200-day simple moving average of $35.03. Weyco Group has a fifty-two week low of $27.05 and a fifty-two week high of $41.05.
Weyco Group Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.26 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.29%. Weyco Group's dividend payout ratio (DPR) is presently 34.44%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Weyco Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Stock Analysis on WEYS
About Weyco Group
(
Get Free Report)
Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.
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