Wall Street Zen Upgrades Weyco Group (NASDAQ:WEYS) to Buy

Weyco Group (NASDAQ:WEYS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Weyco Group presently has a consensus rating of “Buy”.

Weyco Group Price Performance

Shares of NASDAQ:WEYS opened at $35.13 on Friday. Weyco Group has a fifty-two week low of $27.25 and a fifty-two week high of $35.18. The firm’s 50-day simple moving average is $32.56 and its 200-day simple moving average is $31.38. The company has a market cap of $334.82 million, a price-to-earnings ratio of 14.58 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.91 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.35%. The firm had revenue of $76.80 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEYS. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Weyco Group during the 4th quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its stake in shares of Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Weyco Group in the 4th quarter worth approximately $55,000. Tower Research Capital LLC TRC increased its stake in Weyco Group by 172.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Weyco Group in the 4th quarter valued at approximately $72,000. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.