Allspring Global Investments Holdings LLC Purchases 16,076 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

Allspring Global Investments Holdings LLC lifted its stake in Weyco Group, Inc. (NASDAQ:WEYS - Free Report) by 22,965.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,146 shares of the textile maker's stock after buying an additional 16,076 shares during the period. Allspring Global Investments Holdings LLC owned about 0.17% of Weyco Group worth $606,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in 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 in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Weyco Group by 394.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker's stock valued at $103,000 after acquiring an additional 2,000 shares in the last quarter. Barclays PLC lifted its stake in Weyco Group by 263.8% during 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. Ritholtz Wealth Management boosted its stake in Weyco Group by 4.8% in the 4th quarter. Ritholtz Wealth Management now owns 10,460 shares of the textile maker's stock valued at $393,000 after buying an additional 480 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker's stock worth $405,000 after acquiring an additional 4,990 shares in the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Weyco Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.

Weyco Group Stock Performance

Weyco Group stock traded up $0.22 on Friday, reaching $34.78. The company's stock had a trading volume of 12,250 shares, compared to its average volume of 10,037. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05. The company has a market cap of $332.46 million, a price-to-earnings ratio of 11.52 and a beta of 0.69. The business's fifty day moving average price is $36.07 and its 200 day moving average price is $35.00.

Weyco Group 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.