Weyco Group, Inc. (NASDAQ:WEYS) Rating Increased to Sell at BidaskClub
Weyco Group, Inc. (NASDAQ:WEYS) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
A number of other analysts also recently commented on WEYS. B. Riley reiterated a “neutral” rating and issued a $26.00 price objective on shares of Weyco Group in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Weyco Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
Weyco Group (WEYS) traded down 0.11% during midday trading on Thursday, hitting $26.99. The company had a trading volume of 11,488 shares. Weyco Group has a one year low of $23.75 and a one year high of $32.30. The company’s 50 day moving average is $27.86 and its 200-day moving average is $27.75. The company has a market cap of $280.78 million, a P/E ratio of 17.72 and a beta of 0.69.
Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Thursday, May 4th. The textile maker reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.04. Weyco Group had a return on equity of 6.83% and a net margin of 5.57%. The firm had revenue of $69.12 million during the quarter, compared to the consensus estimate of $76.30 million. On average, equities analysts predict that Weyco Group will post $1.36 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Weyco Group by 14.3% in the fourth quarter. State Street Corp now owns 117,207 shares of the textile maker’s stock worth $3,665,000 after buying an additional 14,663 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Weyco Group by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 372,905 shares of the textile maker’s stock worth $11,672,000 after buying an additional 8,476 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Weyco Group by 27.1% in the fourth quarter. Teachers Advisors LLC now owns 12,890 shares of the textile maker’s stock worth $403,000 after buying an additional 2,746 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Weyco Group by 6.2% in the first quarter. Nationwide Fund Advisors now owns 5,839 shares of the textile maker’s stock worth $164,000 after buying an additional 343 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Weyco Group by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 91,079 shares of the textile maker’s stock worth $2,558,000 after buying an additional 3,348 shares in the last quarter. Institutional investors own 32.12% of the company’s stock.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).
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