Weyco Group (WEYS) AI Stock Analysis

• Market Cap: $315.19M
• Dividend Yield: 9.66%
• Average Volume (3M): 20.28K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.09
• Revenue Growth: -3.64%
• EPS Growth: -16.12%
• Country: US
• Employees: 413
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.92
• Shares Outstanding: 9,548,388
• 10 Day Avg. Volume: 21,215
• 30 Day Avg. Volume: 20,280
• PEG Ratio: -0.52
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 8.16
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 1.89
• Enterprise Value/Ebitda: 6.92
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $36.00 ▲(18.77% Upside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 03/04/26

The score is supported primarily by strong financial stability (notably low leverage and solid profitability) and shareholder-friendly valuation signals (moderate P/E and high dividend yield). Offsetting these strengths are weakening top-line/earnings trends and a mixed earnings-call backdrop dominated by tariff-driven margin pressure, while technical indicators suggest only mild/neutral momentum.

Positive Factors

Conservative balance sheet

Extremely low leverage and a strong equity base give the company durable financial flexibility to fund operations, absorb tariff shocks, sustain dividends/buybacks, and invest modestly in growth without relying on external debt, reducing solvency and refinancing risk over the medium term.

Strong liquidity & cash generation

Substantial cash reserves and consistently positive operating cash flow provide lasting ability to support distributions, share repurchases, working capital needs, and pursue legal or tariff refunds. This cash buffer underpins strategy execution despite cyclical retail pressures.

Florsheim brand strength

Record Florsheim sales and market-share gains show durable brand equity in nonathletic footwear. A flagship brand driving stable wholesale volume and retail traction helps offset weaker lines, supports retailer relationships, and provides a platform for targeted DTC and international expansion.

Negative Factors

Multi-year revenue decline

A three-year top-line contraction signals structural demand headwinds across channels and brands. Persistent revenue erosion pressures fixed-cost absorption, limits operating leverage, and constrains sustainable margin expansion and return-on-capital unless growth is restored.

Tariff-driven margin pressure

Material incremental tariffs materially raised product costs and compressed gross margins. Ongoing policy uncertainty leaves margins exposed, and limited pricing power versus value-oriented consumers means tariff risk can persistently undermine profitability absent cost reductions or durable sourcing shifts.

Brand & channel underperformance

Multiple legacy brands and retail/e‑commerce channels are losing volume, indicating structural assortment or competitiveness issues. Combined brand weakness and channel softness reduce revenue diversification, raise reliance on few strong lines, and make consistent margin recovery and growth harder to achieve.

Weyco Group Business Overview & Revenue Model

Company Description

Weyco Group, Inc. designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names. It is also involved in the wholesale of its products to approximately 10,000 footwear, department, and specialty stores, as well as e-commerce retailers. As of December 31, 2021, the company had four brick and mortar retail stores in the United States. In addition, it has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear. It serves in the United States, Canada, Europe, Australia, Asia, and South Africa. 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.

How the Company Makes Money

Weyco Group generates revenue primarily through the sale of its branded footwear products, which are distributed through various channels including department stores, specialty retailers, and e-commerce platforms. The company has a multi-brand strategy that allows it to capture a broad customer base, with each brand catering to different segments of the market. Key revenue streams include wholesale sales to retailers, direct-to-consumer sales through its own branded stores and websites, and international sales, which contribute to the overall financial performance. Additionally, Weyco Group's strategic partnerships with retailers enhance its distribution capabilities, enabling the company to reach a wider audience and optimize inventory turnover, thus contributing positively to its earnings.

Weyco Group Financial Statement Overview

Summary

Overall fundamentals are durable, led by a very conservative balance sheet (low leverage and strong equity base) and solid profitability. The main drag is weakening momentum: revenues have declined for three straight years and 2025 earnings stepped down, with cash flow still positive but uneven year to year.

Income Statement

Profitability is solid and fairly consistent post-2020, with net margins holding in the high-single to low-double digits (about 8% in 2025 vs ~10% in 2024) and positive EBIT/EBITDA. However, growth has turned into a headwind: revenue declined in each of the last three annual periods (2023–2025), and earnings stepped down in 2025 versus 2024. Overall: healthy margins, but weakening top-line momentum.

Balance Sheet

The balance sheet looks very conservative, with very low leverage (debt-to-equity around 2.7% in 2025, improved from ~20% in 2022) and a large equity base relative to debt. Returns on equity remain healthy (roughly 10% in 2025, low-teens in 2022–2024). Main watch item is not solvency but the need for revenue re-acceleration to support stronger returns.

Cash Flow

Cash generation is generally strong, with positive free cash flow in most years and free cash flow roughly in line with reported earnings (about 0.95x net income in 2025 and ~0.96x in 2024). That said, cash flow has been volatile (notably negative operating/free cash flow in 2022 and unusually high operating cash flow in 2023), and 2025 operating cash flow was lower than the prior year. Overall: good cash conversion, but uneven year-to-year performance.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	276.17M	290.29M	318.05M	351.74M	267.64M
Gross Profit	119.23M	131.53M	142.88M	144.39M	107.45M
EBITDA	32.05M	42.60M	44.24M	43.22M	30.15M
Net Income	23.08M	30.32M	30.19M	29.54M	20.55M
Balance Sheet
Total Assets	319.67M	324.09M	309.34M	326.62M	277.67M
Cash, Cash Equivalents and Short-Term Investments	97.43M	71.81M	69.53M	18.37M	28.05M
Total Debt	6.44M	11.07M	13.51M	45.82M	11.11M
Total Liabilities	80.10M	78.50M	64.85M	102.72M	76.27M
Stockholders Equity	239.57M	245.59M	244.49M	223.91M	201.40M
Cash Flow
Free Cash Flow	35.50M	36.34M	95.32M	-32.25M	5.38M
Operating Cash Flow	37.25M	37.73M	98.63M	-29.90M	6.39M
Investing Cash Flow	-242.00K	-1.17M	-1.24M	7.43M	-7.00M
Financing Cash Flow	-13.23M	-32.22M	-45.34M	20.27M	-11.87M

Weyco Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WEYS, the sentiment is Positive. The current price of 30.31 is below the 20-day moving average (MA) of 31.83, below the 50-day MA of 31.30, and above the 200-day MA of 29.50, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 75.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WEYS.

Weyco Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WEYS	74 Outperform	$315.19M	12.56	9.57%	9.66%	-3.64%	-16.12%
RCKY	69 Neutral	$321.21M	9.84	8.67%	2.08%	4.13%	53.56%
CROX	62 Neutral	$3.92B	-57.09	-5.37%	―	<0.01%	-77.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WWW	61 Neutral	$1.30B	15.53	26.62%	2.28%	3.61%	―
SHOO	56 Neutral	$2.29B	66.08	5.21%	1.97%	6.26%	-66.51%
CAL	49 Neutral	$314.89M	39.24	3.39%	2.11%	-2.83%	-86.19%

Weyco Group Corporate Events

Weyco Group Extends Long-Term Executive Leadership Agreements

On January 1, 2026, Weyco Group, Inc. renewed and updated three-year employment agreements with Chairman and CEO Thomas W. Florsheim, Jr. and President and COO John W. Florsheim, extending their terms through December 31, 2028 and reaffirming their current and future board-assigned duties. The contracts provide for base salaries subject to potential increases, eligibility for bonus and participation in the company’s benefit and equity plans, continued automobile use, restrictive covenants including confidentiality and non-compete obligations, and severance protections in cases of death, disability, termination without cause or certain qualifying circumstances, underscoring the company’s intention to secure and retain its long-serving executive leadership team.

The most recent analyst rating on (WEYS) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Weyco Group stock, see the WEYS Stock Forecast page.