StockNews.com Downgrades Weyco Group (NASDAQ:WEYS) to Buy

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

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $36.05 on Tuesday. The firm has a fifty day moving average of $36.10 and a 200 day moving average of $35.01. Weyco Group has a 52-week low of $27.05 and a 52-week high of $41.05. The firm has a market capitalization of $344.60 million, a PE ratio of 11.94 and a beta of 0.70.

Institutional Trading of Weyco Group

A number of hedge funds have recently bought and sold shares of WEYS. Segall Bryant & Hamill LLC bought a new position in Weyco Group during the fourth quarter valued at approximately $1,023,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Weyco Group by 22,965.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker’s stock valued at $606,000 after purchasing an additional 16,076 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Weyco Group by 36.7% during the 4th quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker’s stock valued at $1,293,000 after purchasing an additional 9,245 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Weyco Group by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker’s stock worth $21,654,000 after purchasing an additional 9,208 shares during the period. Finally, LPL Financial LLC bought a new stake in Weyco Group in the fourth quarter worth $324,000. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

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.