Last $26.30 USD
Change Today +0.32 / 1.23%
Volume 7.3K
WEYS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

weyco group inc (WEYS) Snapshot

Open
$25.97
Previous Close
$25.98
Day High
$26.62
Day Low
$25.97
52 Week High
07/25/13 - $29.83
52 Week Low
05/1/13 - $22.86
Market Cap
286.2M
Average Volume 10 Days
14.3K
EPS TTM
$1.62
Shares Outstanding
10.9M
EX-Date
03/13/14
P/E TM
16.2x
Dividend
$0.72
Dividend Yield
2.74%
Current Stock Chart for WEYCO GROUP INC (WEYS)

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weyco group inc (WEYS) Details

Weyco Group, Inc., together with its subsidiaries, is engaged in the distribution and retail of footwear. It operates in two segments, North American Wholesale and North American Retail. The company designs and markets footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names. It offers mid-priced leather dress shoes and casual footwear of man-made materials or leather; and outdoor boots, shoes, and sandals for agricultural, industrial, outdoor specialty, outdoor sport, lifestyle, and fashion markets. The company wholesales its products to footwear, department, and specialty stores primarily in the United States and Canada. As of December 31, 2013, it had 17 company-owned retail stores in the United States; and an Internet business. Weyco Group also has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear in the United States, as well as its footwear in Mexico and certain markets internationally. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was founded in 1896 and is based in Milwaukee, Wisconsin.

599 Employees
Last Reported Date: 03/12/14
Founded in 1896

weyco group inc (WEYS) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $579.5K
President, Chief Operating Officer, Assistant...
Total Annual Compensation: $554.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

weyco group inc (WEYS) Key Developments

Weyco Group Inc. Provides Capital Expenditures Guidance for 2014

Weyco Group Inc. expect capital expenditures to be approximately $2 million to $3 million in 2014.

Weyco Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Weyco Group Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. Net sales for the fourth quarter of 2013 were $78.5 million, compared with 2012 net sales of $78.4 million. Earnings from operations were $10.8 million in the fourth quarter of 2013, down 13% as compared to $12.5 million in 2012. Net earnings attributable to the company were $6.8 million in the fourth quarter of 2013, down 11% as compared to $7.7 million in 2012. Earnings for 2013 fourth quarter included approximately $1.8 million ($1.1 million after tax) of income resulting from a reduction in the estimated liability for future payments related to the 2011 acquisition of The Combs Company (Bogs). Without this adjustment, earnings from operations and net earnings attributable to the company would have been up 2% and 4%, respectively, for the quarter. Diluted earnings per share were $0.62 in the fourth quarter of 2013, compared to $0.71 per share in the fourth quarter of 2012. Without the Bogs liability adjustment, 2012 diluted earnings per share on an adjusted basis would have been $0.60 per share. Earnings before provision for income taxes were $11.1 million against $12.6 million for the same period in the last year. Overall net sales in 2013 were a record $300.3 million, an increase of 2% from 2012 sales of $293.5 million. Earnings from operations were $27.8 million in 2013, down 7% as compared to $29.8 million in 2012. Net earnings attributable to the company were $17.6 million in 2013, down 7% as compared to $19.0 million in 2012. Earnings for 2012 included approximately $3.5 million ($2.1 million after tax) of income resulting from reductions in the estimated liability for future payments related to the 2011 acquisition of Bogs. Without these adjustments, earnings from operations and net earnings attributable to the company would have been up 6% and 5%, respectively, for 2013 as compared to 2012. Diluted earnings per share were $1.62 per share in 2013, compared to $1.73 per share in 2012. Without the Bogs liability adjustments, 2012 diluted earnings per share on an adjusted basis would have been $1.54 per share. Earnings before provision for income taxes were $28.2 million against $30.9 million for the same period in the last year. Net cash provided by operating activities was $29.8 million against $18.0 million for the same period in the last year. Purchase of property, plant and equipment was $2.7 million against $9.5 million for the same period in the last year.

Weyco Group Inc. Declares Dividend, Payable March 31, 2014

On February 24, 2014, the Board of Directors of Weyco Group Inc. declared a cash dividend of $0.18 per share to all shareholders of record on March 17, 2014, payable March 31, 2014.

 

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Valuation WEYS Industry Range
Price/Earnings 16.2x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 16.3x
TEV/Sales 0.8x
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