Weyco Group (NASDAQ:WEYS) Stock Rating Upgraded by Wall Street Zen

Weyco Group (NASDAQ:WEYS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Weyco Group Stock Down 3.8%

Weyco Group stock opened at $31.27 on Friday. The stock has a 50-day simple moving average of $31.31 and a 200 day simple moving average of $30.69. Weyco Group has a 12-month low of $25.51 and a 12-month high of $35.59. The stock has a market capitalization of $298.63 million, a price-to-earnings ratio of 12.31 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co acquired a new position in Weyco Group in the fourth quarter valued at about $30,000. BNP Paribas Financial Markets grew its position in shares of Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 832 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Weyco Group by 172.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Weyco Group during the 4th quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Weyco Group during the 4th quarter worth approximately $72,000. Institutional investors own 23.59% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.