Weyco Group (NASDAQ:WEYS) Issues Earnings Results

Weyco Group (NASDAQ:WEYS) announced 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 WEYS traded down $1.09 during trading hours on Tuesday, reaching $32.75. 12,037 shares of the company traded hands, compared to its average volume of 12,173. The stock has a market capitalization of $313.06 million, a PE ratio of 10.84 and a beta of 0.69. The stock has a fifty day simple moving average of $35.94 and a 200 day simple moving average of $35.08. Weyco Group has a fifty-two week low of $27.05 and a fifty-two week high of $41.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Weyco Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Weyco Group Company Profile

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.