StockNews.com Upgrades Weyco Group (NASDAQ:WEYS) to “Strong-Buy”

Weyco Group (NASDAQ:WEYS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $38.89 on Friday. Weyco Group has a 52 week low of $27.05 and a 52 week high of $41.05. The firm has a market cap of $369.07 million, a PE ratio of 12.88 and a beta of 0.71. The firm’s fifty day moving average is $34.45 and its 200-day moving average is $32.26.

Insider Transactions at Weyco Group

In other Weyco Group news, VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the sale, the vice president now owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. The trade was a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Judy Anderson sold 2,893 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the sale, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,402 shares of company stock valued at $304,656 in the last 90 days. 38.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Weyco Group

A number of institutional investors have recently added to or reduced their stakes in WEYS. Innealta Capital LLC purchased a new stake in shares of Weyco Group during the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,654 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Weyco Group by 34.1% in 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 during the period. Barclays PLC lifted its stake in shares of Weyco Group by 263.8% in 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 during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Weyco Group by 23.4% in the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,893 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors.

About Weyco Group

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.