Weyco Group (NASDAQ:WEYS) Releases Quarterly Earnings Results

Weyco Group (NASDAQ:WEYS) released its quarterly earnings data on Tuesday. The textile maker reported $0.69 EPS for the quarter, Zacks reports. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%.

Weyco Group Trading Down 1.3%

WEYS stock traded down $0.37 during trading on Tuesday, reaching $28.20. 10,387 shares of the stock were exchanged, compared to its average volume of 13,866. The firm has a market capitalization of $269.00 million, a price-to-earnings ratio of 10.48 and a beta of 0.98. The business has a 50 day moving average price of $29.76 and a 200-day moving average price of $30.70. Weyco Group has a 1 year low of $25.51 and a 1 year high of $41.05.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weyco Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,133 shares during the period. Rhumbline Advisers lifted its position in shares of Weyco Group by 21.1% during the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock worth $364,000 after purchasing an additional 1,917 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Weyco Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after purchasing an additional 2,224 shares during the period. Empowered Funds LLC grew its holdings in shares of Weyco Group by 8.2% in the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,285 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Weyco Group by 4.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after buying an additional 4,186 shares during the period. 23.59% of the stock is currently owned by hedge funds and other 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.