Weyco Group (NASDAQ:WEYS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Weyco Group (NASDAQ:WEYS) from a hold rating to a buy rating in a report issued on Monday, April 2nd.

Separately, BidaskClub raised Weyco Group from a hold rating to a buy rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Weyco Group has an average rating of Buy and an average price target of $26.00.

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NASDAQ:WEYS traded up $1.16 during midday trading on Monday, hitting $37.41. 23,853 shares of the stock were exchanged, compared to its average volume of 22,927. Weyco Group has a one year low of $26.51 and a one year high of $37.51. The stock has a market cap of $363.63, a price-to-earnings ratio of 24.32 and a beta of 0.59.



Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, March 6th. The textile maker reported $0.65 EPS for the quarter. Weyco Group had a return on equity of 7.33% and a net margin of 5.81%. The firm had revenue of $80.27 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.35%.

A number of hedge funds and other institutional investors have recently bought and sold shares of WEYS. State Street Corp grew its position in Weyco Group by 5.3% during the 2nd quarter. State Street Corp now owns 132,080 shares of the textile maker’s stock worth $3,682,000 after purchasing an additional 6,676 shares in the last quarter. Wells Fargo & Company MN grew its position in Weyco Group by 71.2% during the 3rd quarter. Wells Fargo & Company MN now owns 6,691 shares of the textile maker’s stock worth $191,000 after purchasing an additional 2,782 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Weyco Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 418,002 shares of the textile maker’s stock worth $11,863,000 after purchasing an additional 13,011 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Weyco Group during the 3rd quarter worth approximately $284,000. Finally, Janney Montgomery Scott LLC grew its position in Weyco Group by 32.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,026 shares of the textile maker’s stock worth $313,000 after purchasing an additional 2,726 shares in the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

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Weyco Group Company Profile

Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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