6,595 Shares in Weyco Group, Inc. $WEYS Purchased by IFG Advisory LLC

IFG Advisory LLC purchased a new position in Weyco Group, Inc. (NASDAQ:WEYS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,595 shares of the textile maker’s stock, valued at approximately $219,000. IFG Advisory LLC owned 0.07% of Weyco Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WEYS. Total Wealth Planning & Management Inc. bought a new stake in shares of Weyco Group in the second quarter worth approximately $822,000. Strs Ohio bought a new stake in Weyco Group in the 1st quarter worth approximately $466,000. Ritholtz Wealth Management bought a new stake in shares of Weyco Group in the second quarter worth $398,000. Nuveen LLC bought a new stake in shares of Weyco Group in the first quarter worth $277,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Weyco Group by 48.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker’s stock worth $728,000 after acquiring an additional 7,752 shares during the period. 23.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weyco Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Weyco Group has a consensus rating of “Hold”.

Weyco Group Price Performance

Shares of WEYS stock opened at $28.57 on Tuesday. The firm has a fifty day moving average price of $29.76 and a 200-day moving average price of $30.70. Weyco Group, Inc. has a 1 year low of $25.51 and a 1 year high of $41.05. The company has a market cap of $272.53 million, a price-to-earnings ratio of 10.62 and a beta of 0.98.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 10.34% and a net margin of 9.20%.The business had revenue of $58.22 million during the quarter.

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.