Weyco Group (NASDAQ:WEYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Weyco Group (NASDAQ:WEYS) from a hold rating to a buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings raised 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, Based on data from MarketBeat, Weyco Group presently has a consensus rating of “Buy”.

Weyco Group Stock Down 0.7%

Shares of Weyco Group stock opened at $34.90 on Friday. Weyco Group has a 52 week low of $27.25 and a 52 week high of $35.18. The business’s fifty day simple moving average is $32.63 and its 200-day simple moving average is $31.42. The firm has a market cap of $332.60 million, a PE ratio of 14.48 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS) last announced its quarterly 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 for the quarter.

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, March 13th. Weyco Group’s payout ratio is currently 44.81%.

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently modified their holdings of WEYS. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Weyco Group in the 4th quarter valued at $30,000. BNP Paribas Financial Markets raised its holdings 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 buying an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Weyco Group in the 4th quarter valued at $55,000. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 1,133 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Weyco Group in the 4th quarter valued at $72,000. Hedge funds and other 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.