Weyco Group (NASDAQ:WEYS) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Weyco Group (NASDAQ:WEYSGet Rating) in a report published on Monday morning. The brokerage issued a buy rating on the textile maker’s stock.

Shares of NASDAQ:WEYS opened at $27.15 on Monday. The company’s 50 day moving average price is $24.29. The stock has a market capitalization of $262.40 million, a PE ratio of 12.74 and a beta of 0.54. Weyco Group has a 12 month low of $19.53 and a 12 month high of $27.15.

Weyco Group (NASDAQ:WEYSGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The textile maker reported $1.07 EPS for the quarter. The company had revenue of $101.38 million during the quarter. Weyco Group had a net margin of 7.68% and a return on equity of 10.72%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.96 annualized dividend and a yield of 3.54%. Weyco Group’s dividend payout ratio is currently 45.28%.

A number of large investors have recently modified their holdings of WEYS. First Business Financial Services Inc. purchased a new position in Weyco Group during the third quarter valued at approximately $223,000. AMG National Trust Bank grew its stake in Weyco Group by 1.2% in the 3rd quarter. AMG National Trust Bank now owns 62,123 shares of the textile maker’s stock worth $1,408,000 after buying an additional 754 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Weyco Group in the 3rd quarter worth approximately $198,000. Goldman Sachs Group Inc. purchased a new position in Weyco Group in the 3rd quarter worth approximately $224,000. Finally, Geode Capital Management LLC grew its stake in Weyco Group by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 66,834 shares of the textile maker’s stock worth $1,514,000 after buying an additional 5,080 shares in the last quarter. 18.60% of the stock is owned by institutional investors.

Weyco Group Company Profile (Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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