Weyco Group (NASDAQ:WEYS) Downgraded to Buy Rating by StockNews.com

StockNews.com cut shares of Weyco Group (NASDAQ:WEYS) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Weyco Group Stock Performance

Shares of NASDAQ WEYS opened at $34.56 on Tuesday. The firm’s 50-day simple moving average is $36.10 and its 200 day simple moving average is $35.01. The stock has a market cap of $330.36 million, a price-to-earnings ratio of 11.44 and a beta of 0.69. Weyco Group has a fifty-two week low of $27.05 and a fifty-two week high of $41.05.

Hedge Funds Weigh In On Weyco Group

A number of hedge funds have recently bought and sold shares of WEYS. Segall Bryant & Hamill LLC bought a new position in shares of Weyco Group during the fourth quarter valued at about $1,023,000. Allspring Global Investments Holdings LLC increased its position in shares of Weyco Group by 22,965.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker’s stock valued at $606,000 after acquiring an additional 16,076 shares during the last quarter. Annex Advisory Services LLC boosted its position in Weyco Group by 36.7% in the fourth quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker’s stock worth $1,293,000 after purchasing an additional 9,245 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Weyco Group by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker’s stock worth $21,654,000 after buying an additional 9,208 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Weyco Group during the fourth quarter valued at about $324,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

Weyco Group Company 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.