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

Weyco Group (NASDAQ:WEYS) was upgraded by stock 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 opened at $29.97 on Tuesday. The firm has a market cap 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 stock’s 50-day simple moving average is $34.58 and its 200-day simple moving average is $34.84.

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

Hedge Funds Weigh In On Weyco Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in shares of Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after buying an additional 511 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Weyco Group by 394.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN boosted its position in shares of Weyco Group by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker’s stock worth $152,000 after buying an additional 775 shares during the period. Martingale Asset Management L P acquired a new position in shares of Weyco Group during the fourth quarter worth approximately $218,000. Finally, Barclays PLC lifted its position in 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 purchasing an additional 5,803 shares during the period. 23.59% of the stock is currently 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.