Weyco Group Inc. (NASDAQ:WEYS)‘s stock had its “neutral” rating reissued by analysts at B. Riley in a research report issued on Tuesday. They currently have a $24.00 target price on the stock. B. Riley’s price target would indicate a potential downside of 18.42% from the company’s previous close.
WEYS has been the subject of several other research reports. Zacks Investment Research raised Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th. TheStreet cut Weyco Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Shares of Weyco Group (NASDAQ:WEYS) traded down 0.10% on Tuesday, reaching $29.42. 9,870 shares of the company traded hands. The company has a market capitalization of $307.41 million, a PE ratio of 20.47 and a beta of 0.56. Weyco Group has a 52-week low of $22.94 and a 52-week high of $30.11. The firm has a 50-day moving average of $26.99 and a 200-day moving average of $26.96.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. The firm earned $79.10 million during the quarter, compared to the consensus estimate of $80.54 million. Weyco Group had a return on equity of 7.69% and a net margin of 5.06%. On average, equities research analysts forecast that Weyco Group will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Monday, December 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.84 annualized dividend and a yield of 2.86%. Weyco Group’s dividend payout ratio is currently 58.74%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Weyco Group during the third quarter valued at $139,000. Northern Trust Corp boosted its position in shares of Weyco Group by 1.1% in the third quarter. Northern Trust Corp now owns 84,476 shares of the company’s stock valued at $2,270,000 after buying an additional 944 shares in the last quarter. California State Teachers Retirement System boosted its position 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 valued at $371,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Weyco Group by 3.2% in the third quarter. Rhumbline Advisers now owns 9,738 shares of the company’s stock valued at $262,000 after buying an additional 300 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position 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 valued at $273,000 after buying an additional 126 shares in the last quarter. 32.30% of the stock is owned by institutional investors and hedge funds.
Weyco Group Company Profile