Weyco Group (NASDAQ:WEYS – Get Free Report) released its earnings results on Tuesday. The textile maker reported $1.04 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 stock traded down $1.09 during trading hours on Tuesday, hitting $32.75. 12,037 shares of the company were exchanged, compared to its average volume of 12,173. The firm has a fifty day moving average of $35.94 and a 200 day moving average of $35.08. Weyco Group has a 1 year low of $27.05 and a 1 year high of $41.05. The firm has a market cap of $313.06 million, a PE ratio of 10.84 and a beta of 0.69.
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.
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