Weyco Group Inc. (WEYS) To Go Ex-Dividend on December 1st
Weyco Group Inc. (NASDAQ:WEYS) announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Monday, December 5th will be paid a dividend of 0.21 per share on Monday, January 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 1st.
Shares of Weyco Group (NASDAQ:WEYS) opened at 28.70 on Wednesday. The firm has a market cap of $299.89 million, a P/E ratio of 19.97 and a beta of 0.56. Weyco Group has a 12 month low of $22.94 and a 12 month high of $30.83. The stock’s 50 day moving average price is $27.09 and its 200-day moving average price is $27.00.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. Weyco Group had a net margin of 5.06% and a return on equity of 7.69%. The firm earned $79.10 million during the quarter, compared to analysts’ expectations of $80.54 million. Equities research analysts anticipate that Weyco Group will post $1.41 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new stake in shares of Weyco Group during the third quarter worth $139,000. Rhumbline Advisers raised its stake in shares of Weyco Group by 3.2% in the third quarter. Rhumbline Advisers now owns 9,738 shares of the company’s stock worth $262,000 after buying an additional 300 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Weyco Group by 1.3% in the third quarter. Teachers Advisors LLC now owns 10,144 shares of the company’s stock worth $273,000 after buying an additional 126 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Weyco Group by 1.5% in the third quarter. California State Teachers Retirement System now owns 13,823 shares of the company’s stock worth $371,000 after buying an additional 200 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of Weyco Group by 6.4% in the second quarter. BlackRock Investment Management LLC now owns 25,815 shares of the company’s stock worth $717,000 after buying an additional 1,543 shares in the last quarter. 31.39% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $26.00 target price on shares of Weyco Group in a research note on Sunday, November 13th. Zacks Investment Research upgraded shares of Weyco Group from a “sell” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Saturday, November 12th. Finally, TheStreet upgraded shares of Weyco Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th.
Weyco Group Company Profile
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.
Receive News & Ratings for Weyco Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.