Deprince Race & Zollo Inc. held its position in Weyco Group Inc. (NASDAQ:WEYS) during the second quarter, Holdings Channel reports. The fund owned 106,717 shares of the company’s stock at the end of the second quarter. Deprince Race & Zollo Inc.’s holdings in Weyco Group were worth $2,965,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY bought a new position in Weyco Group during the first quarter valued at $140,000. Bank of Montreal Can bought a new position in Weyco Group during the second quarter valued at $316,000. Renaissance Technologies LLC boosted its position in Weyco Group by 4.3% in the first quarter. Renaissance Technologies LLC now owns 31,500 shares of the company’s stock valued at $839,000 after buying an additional 1,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Weyco Group by 1.4% in the first quarter. Geode Capital Management LLC now owns 39,308 shares of the company’s stock valued at $1,046,000 after buying an additional 548 shares during the last quarter. 32.00% of the stock is owned by hedge funds and other institutional investors.
Weyco Group Inc. (NASDAQ:WEYS) traded down 0.38% on Friday, hitting $26.50. 2,642 shares of the stock traded hands. The firm has a 50-day moving average price of $26.26 and a 200-day moving average price of $27.00. Weyco Group Inc. has a 12 month low of $22.94 and a 12 month high of $29.18. The company has a market capitalization of $279.28 million, a PE ratio of 17.46 and a beta of 0.54.
Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $56.90 million for the quarter, compared to analysts’ expectations of $63.98 million. Weyco Group had a net margin of 5.16% and a return on equity of 8.16%. Analysts forecast that Weyco Group Inc. will post $1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, August 29th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, August 25th. Weyco Group’s dividend payout ratio (DPR) is 56.00%.
Several research firms have recently weighed in on WEYS. B. Riley reissued a “neutral” rating and set a $24.00 price objective on shares of Weyco Group in a report on Saturday, August 6th. Zacks Investment Research raised shares of Weyco Group from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. Finally, TheStreet cut shares of Weyco Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd.
About Weyco Group
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.
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