Weyco Group (NASDAQ:WEYS) Announces Quarterly Earnings Results

Weyco Group (NASDAQ:WEYS) issued its quarterly 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%.

Weyco Group Stock Down 3.2 %

Shares of NASDAQ WEYS opened at $32.75 on Wednesday. Weyco Group has a 52 week low of $27.05 and a 52 week high of $41.05. The business’s 50 day moving average price is $35.85 and its 200 day moving average price is $35.07. The firm has a market cap of $313.06 million, a P/E ratio of 10.84 and a beta of 0.69.

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 issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.18%. Weyco Group’s dividend payout ratio (DPR) is 34.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Weyco Group from a “strong-buy” rating to a “buy” rating in a research 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.