Weyco Group (NASDAQ:WEYS) Upgraded to “Strong-Buy” at StockNews.com

Weyco Group (NASDAQ:WEYS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Weyco Group Price Performance

WEYS opened at $29.97 on Tuesday. The company has a market capitalization of $286.48 million, a price-to-earnings ratio of 9.92 and a beta of 0.71. Weyco Group has a 1-year low of $27.05 and a 1-year high of $41.05. The business has a 50 day moving average price of $34.58 and a two-hundred day moving average price of $34.84.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $80.47 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Institutional Trading of Weyco Group

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 511 shares during the period. Nisa Investment Advisors LLC raised its stake in Weyco Group by 394.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 2,000 shares during the period. Wells Fargo & Company MN raised its stake in Weyco Group by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 775 shares during the period. Martingale Asset Management L P acquired a new stake in Weyco Group during the 4th quarter valued at $218,000. Finally, Barclays PLC increased its stake in shares of Weyco Group by 263.8% in the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after acquiring an additional 5,803 shares during the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

Weyco Group Company Profile

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.