Weyco Group (NASDAQ:WEYS) Upgraded by StockNews.com to Strong-Buy Rating

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

Weyco Group Stock Performance

Shares of NASDAQ:WEYS traded up $0.09 during trading on Tuesday, reaching $29.33. The stock had a trading volume of 15,002 shares, compared to its average volume of 12,199. The business has a fifty day moving average price of $34.58 and a 200-day moving average price of $34.84. The stock has a market cap of $280.37 million, a PE ratio of 9.71 and a beta of 0.71. Weyco Group has a 1-year low of $27.05 and a 1-year high of $41.05.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share (EPS) for the quarter. The firm 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

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Weyco Group by 34.8% during the fourth quarter. Lazard Asset Management LLC now owns 14,051 shares of the textile maker’s stock worth $527,000 after buying an additional 3,630 shares during the last quarter. Deutsche Bank AG boosted its stake in Weyco Group by 93.0% during the fourth quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker’s stock worth $339,000 after buying an additional 4,348 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Weyco Group by 3.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 96,490 shares of the textile maker’s stock worth $3,623,000 after buying an additional 3,358 shares during the last quarter. Bank of America Corp DE boosted its stake in Weyco Group by 12.3% during the fourth quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker’s stock worth $450,000 after buying an additional 1,313 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker’s stock worth $2,295,000 after buying an additional 463 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.