Weyco Group (NASDAQ:WEYS) Posts Earnings Results

Weyco Group (NASDAQ:WEYS) issued its quarterly earnings results on Tuesday. The textile maker reported $1.04 earnings per share for the quarter, Zacks reports. The company had revenue of $80.47 million during the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Weyco Group Stock Down 1.8 %

NASDAQ:WEYS opened at $32.17 on Thursday. Weyco Group has a 52-week low of $27.05 and a 52-week high of $41.05. The firm has a market cap of $307.51 million, a P/E ratio of 10.65 and a beta of 0.69. The business’s 50-day moving average price is $35.74 and its 200 day moving average price is $35.05.

Weyco Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.04 annualized dividend and a yield of 3.23%. Weyco Group’s dividend payout ratio is currently 34.44%.

Analysts Set New Price Targets

Separately, StockNews.com cut Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

About Weyco Group

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.