Weyco Group (NASDAQ:WEYS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Tuesday.
Weyco Group Price Performance
Shares of NASDAQ WEYS traded up $0.22 during mid-day trading on Tuesday, hitting $34.78. The company had a trading volume of 12,250 shares, compared to its average volume of 10,037. The stock has a market cap of $332.46 million, a price-to-earnings ratio of 11.52 and a beta of 0.69. Weyco Group has a 12 month low of $27.05 and a 12 month high of $41.05. The firm's 50 day simple moving average is $36.00 and its two-hundred day simple moving average is $35.03.
Institutional Trading of Weyco Group
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Weyco Group by 34.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker's stock worth $68,000 after purchasing an additional 511 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in 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. Wells Fargo & Company MN raised its stake in Weyco Group by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock valued at $152,000 after acquiring an additional 775 shares in the last quarter. Martingale Asset Management L P bought a new stake in Weyco Group during the 4th quarter valued at $218,000. Finally, Barclays PLC raised its stake in Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock valued at $273,000 after acquiring an additional 5,803 shares in the last quarter. Institutional investors own 23.59% of the company's stock.
About Weyco Group
(
Get Free Report)
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.
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