Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Weyco Group (WEYS) Stock Price
News articles about Weyco Group (NASDAQ:WEYS) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Weyco Group earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.8875732854471 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
WEYS has been the subject of a number of analyst reports. TheStreet downgraded Weyco Group from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Weyco Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd.
Weyco Group (NASDAQ WEYS) traded up $0.41 during trading hours on Monday, hitting $28.48. The stock had a trading volume of 417 shares, compared to its average volume of 9,375. The company has a market capitalization of $287.35, a P/E ratio of 20.19 and a beta of 0.66. Weyco Group has a fifty-two week low of $23.75 and a fifty-two week high of $32.30.
Weyco Group (NASDAQ:WEYS) last released its earnings results on Friday, October 27th. The textile maker reported $0.48 earnings per share for the quarter. The firm had revenue of $76.91 million for the quarter. Weyco Group had a net margin of 5.81% and a return on equity of 7.05%.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, December 1st. Weyco Group’s dividend payout ratio (DPR) is 55.35%.
In related news, CFO John Wittkowske sold 30,040 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.55, for a total transaction of $827,602.00. Following the sale, the chief financial officer now directly owns 123,000 shares of the company’s stock, valued at approximately $3,388,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tina M. Chang sold 1,297 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $28.00, for a total transaction of $36,316.00. Following the sale, the director now directly owns 9,020 shares in the company, valued at $252,560. The disclosure for this sale can be found here. Insiders have sold a total of 51,337 shares of company stock worth $1,420,404 over the last three months. 42.81% of the stock is currently owned by insiders.
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 (Florsheim Europe).
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