Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Update

Weyco Group, Inc. (NASDAQ:WEYS) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 93,415 shares, a growth of 34.1% from the February 26th total of 69,648 shares. Based on an average daily volume of 28,006 shares, the short-interest ratio is currently 3.3 days. Currently, 1.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WEYS shares. Wall Street Zen lowered Weyco Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Weyco Group presently has an average rating of “Buy”.

Hedge Funds Weigh In On Weyco Group

Institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new position in shares of Weyco Group in the 4th quarter worth $30,000. BNP Paribas Financial Markets increased its stake in Weyco Group by 107.1% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Weyco Group during the fourth quarter worth $55,000. Tower Research Capital LLC TRC raised its holdings in Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after buying an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Weyco Group in the fourth quarter valued at $72,000. 23.59% of the stock is owned by institutional investors and hedge funds.

Weyco Group Price Performance

WEYS stock opened at $31.74 on Friday. The company’s 50-day moving average is $31.96 and its 200-day moving average is $31.02. The stock has a market capitalization of $302.48 million, a PE ratio of 13.17 and a beta of 0.99. Weyco Group has a 1 year low of $25.51 and a 1 year high of $34.92.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, March 3rd. The textile maker reported $0.91 EPS for the quarter. Weyco Group had a return on equity of 9.35% and a net margin of 8.36%.The business had revenue of $76.80 million during the quarter.

Weyco Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. Weyco Group’s dividend payout ratio (DPR) is 44.81%.

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.