Daily Stock Analysis: Weyco Group - Monday, Nov. 21

By Fredrik Arnold
Monday, November 21, 2022 4:00 AM EDT

Weyco Group Inc bears the ticker symbol  (WEYS) and this is my first mention of Weyco for my new Viking Portfolio, However I have mentioned and selected WEYS twice for two of my previous seven Dog of The Week Portfolios

Weyco Group.com

Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children.

The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake.

The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.

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 incorporated in 1906 and is based in Milwaukee, Wisconsin.

Three key data points gauge

Weyco Group Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

WEYS Price

Weyco’s price per share was $23.61 at Friday’s market close. However, in the past year, Weyco’s share price barely changed, falling only about 1.5%.

If Weyco’s stock trades in the range of $18.00 to $30.00 this next year, its recent $23.61 share price might reach $26.00 by next year. My upside increase estimate of $2.39 is equal to the annual price target for Weyco calculated by one analyst.

WEYS Dividends

Weyco’s most recently declared quarterly dividend of $0.24 per share] equals  $0.96 annually and casts a yield of 4.07%.

WEYS Returns

Adding the $0.96 annual

Weyco dividend to my one-year price upside estimate of $2.39 reveals a $3.35 potential gross gain per share.

At Friday’s $23.61 closing price, a little under $1000 would buy 42 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.24 per share.

Subtract that maybe $0.24 brokerage cost from my estimated $3.35 gross gain per share results in a net gain of $3.11 X 42 shares = $130.62 for a 13% net gain including a 4.07% annual dividend yield.

In a year our $1K investment in shares of Weyco Group Inc would generate $40.70 in cash dividends. Of course, a single share of WEYS stock at Friday's $23.61 price is a little over half the annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is probably a good time to buy Weyco Group Inc shares based on their dividends for the coming year 2022-23. The current dividend from $1K invested is $17.09 more than WEYS’s single share price. Consider yourself alerted. This could be a buy point.

All of the estimates above are speculation based on the past history of Weyco Group Inc. Only time and money invested in this stock will determine its market value.

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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