Weyco Group, Inc. (WEYS) Lifted to “B-” at TheStreet
Weyco Group, Inc. (NASDAQ:WEYS) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday.
Separately, BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
Weyco Group (NASDAQ WEYS) opened at $28.39 on Thursday. The firm has a market capitalization of $288.26, a PE ratio of 19.83 and a beta of 0.66. Weyco Group has a 12-month low of $23.75 and a 12-month high of $32.30.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Friday, October 27th. The textile maker reported $0.48 earnings per share for the quarter. The firm had revenue of $76.91 million during the quarter. Weyco Group had a return on equity of 7.08% and a net margin of 5.81%.
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In related news, Director Tina M. Chang sold 1,297 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $28.00, for a total value of $36,316.00. Following the completion of the transaction, the director now owns 9,020 shares of the company’s stock, valued at $252,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian Flannery sold 7,145 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $27.95, for a total transaction of $199,702.75. Following the completion of the transaction, the vice president now directly owns 24,295 shares of the company’s stock, valued at approximately $679,045.25. The disclosure for this sale can be found here. In the last three months, insiders sold 16,708 shares of company stock valued at $466,959. 42.81% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of WEYS. Swiss National Bank raised its stake in Weyco Group by 18.2% in the first quarter. Swiss National Bank now owns 10,400 shares of the textile maker’s stock worth $292,000 after buying an additional 1,600 shares in the last quarter. American International Group Inc. raised its stake in Weyco Group by 7.0% in the first quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock worth $113,000 after buying an additional 261 shares in the last quarter. California Public Employees Retirement System bought a new position in Weyco Group in the first quarter worth approximately $202,000. Vanguard Group Inc. raised its stake in Weyco Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 215,135 shares of the textile maker’s stock worth $6,041,000 after buying an additional 3,251 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Weyco Group by 1.4% in the first quarter. Geode Capital Management LLC now owns 42,602 shares of the textile maker’s stock worth $1,196,000 after buying an additional 576 shares in the last quarter. 32.82% of the stock is owned by institutional investors.
About Weyco Group
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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