Empowered Funds LLC Increases Position in Weyco Group, Inc. (NASDAQ:WEYS)

Empowered Funds LLC lifted its holdings in Weyco Group, Inc. (NASDAQ:WEYS) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,890 shares of the textile maker’s stock after buying an additional 3,848 shares during the period. Empowered Funds LLC owned approximately 0.42% of Weyco Group worth $1,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake 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 buying an additional 511 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Weyco Group by 394.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after purchasing an additional 2,000 shares during the period. Barclays PLC raised its holdings 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 worth $273,000 after purchasing an additional 5,803 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Weyco Group by 4.8% in the 4th quarter. Ritholtz Wealth Management now owns 10,460 shares of the textile maker’s stock worth $393,000 after purchasing an additional 480 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Weyco Group by 72.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after purchasing an additional 4,990 shares during the period. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

Weyco Group Price Performance

Shares of WEYS stock opened at $36.28 on Friday. The stock has a market capitalization of $346.84 million, a price-to-earnings ratio of 12.01 and a beta of 0.69. The company’s fifty day simple moving average is $35.90 and its two-hundred day simple moving average is $34.76. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05.

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.