Weyco Group (NASDAQ:WEYS) Announces Earnings Results

Weyco Group (NASDAQ:WEYS) posted its quarterly earnings data on Tuesday. The textile maker reported $1.19 earnings per share for the quarter, FiscalAI reports. Weyco Group had a return on equity of 16.11% and a net margin of 13.96%. The business had revenue of $77.02 million during the quarter.

Weyco Group Stock Up 23.5%

WEYS stock opened at $64.59 on Thursday. Weyco Group has a twelve month low of $27.25 and a twelve month high of $64.94. The company has a market cap of $616.90 million, a P/E ratio of 15.64 and a beta of 0.91. The business’s fifty day moving average is $48.79 and its 200-day moving average is $38.94.

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Tuesday, November 17th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.7%. Weyco Group’s dividend payout ratio is 27.12%.

Insider Activity

In other news, CFO Judy Anderson sold 2,602 shares of Weyco Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $43.27, for a total transaction of $112,588.54. Following the transaction, the chief financial officer owned 14,418 shares in the company, valued at $623,866.86. The trade was a 15.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Allison Woss sold 2,511 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $43.63, for a total transaction of $109,554.93. Following the completion of the transaction, the vice president owned 8,663 shares of the company’s stock, valued at $377,966.69. This trade represents a 22.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 13,953 shares of company stock valued at $616,534. 36.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC bought a new stake in shares of Weyco Group in the third quarter worth $49,000. Empowered Funds LLC raised its holdings in Weyco Group by 3.4% during the first quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock worth $1,724,000 after acquiring an additional 1,787 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Weyco Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after purchasing an additional 5,294 shares during the last quarter. Deutsche Bank AG acquired a new position in Weyco Group during the second quarter valued at approximately $235,000. Finally, Associated Banc Corp acquired a new position in Weyco Group during the third quarter valued at approximately $2,164,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Key Headlines Impacting Weyco Group

Here are the key news stories impacting Weyco Group this week:

• Positive Sentiment: Third-quarter sales rose 5% to $77.0 million, and diluted EPS increased to $1.19 from $0.69 a year earlier. Operating income climbed to $13.7 million from $8.1 million. Gross margin also improved to 49.7% from 40.7%, though it included $3.3 million in tariff refunds, which may not recur. Weyco Q3 results
• Positive Sentiment: The board declared a $2.00-per-share special cash dividend, totaling about $19 million, payable January 8, 2027, to shareholders of record November 17. Weyco also declared its regular quarterly dividend of $0.28 per share. The cash returns may appeal to income-focused investors. Special dividend announcement
• Neutral Sentiment: Weyco signaled that inventory could build to about $70 million by the end of Q4. The buildup may support sales, but it also ties up working capital and could warrant monitoring. Inventory outlook and dividend

Analyst Upgrades and Downgrades

WEYS has been the subject of a number of research reports. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Weyco Group Company Profile

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.