Weyco Group (NASDAQ:WEYS) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Weyco Group was downgraded by Wall Street Zen from a "buy" to a "hold" rating in a report issued Saturday.
• The company reported quarterly EPS of $0.91 on revenue of $76.8 million, with a market cap of $314.9 million, a P/E of 13.71 and a 52-week range of $27.25–$35.18.
• Institutional ownership is about 23.6%, with large holders such as Vanguard, Geode and State Street modestly increasing their stakes recently.

Weyco Group (NASDAQ:WEYS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Weyco Group Price Performance

Shares of WEYS stock opened at $33.04 on Friday. Weyco Group has a 1 year low of $27.25 and a 1 year high of $35.18. The firm has a fifty day moving average price of $33.01 and a 200-day moving average price of $31.66. The company has a market cap of $314.90 million, a price-to-earnings ratio of 13.71 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The textile maker reported $0.91 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.35%. The firm had revenue of $76.80 million during the quarter.

Institutional Investors Weigh In On Weyco Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Weyco Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker's stock valued at $11,019,000 after acquiring an additional 2,792 shares during the period. Geode Capital Management LLC lifted its stake in shares of Weyco Group by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker's stock valued at $5,313,000 after buying an additional 2,224 shares in the last quarter. State Street Corp lifted its stake in shares of Weyco Group by 2.4% during the 4th quarter. State Street Corp now owns 100,675 shares of the textile maker's stock valued at $3,304,000 after buying an additional 2,381 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Weyco Group by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker's stock valued at $3,078,000 after buying an additional 2,226 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Weyco Group by 4.5% during the 4th quarter. Empowered Funds LLC now owns 52,006 shares of the textile maker's stock valued at $1,591,000 after buying an additional 2,226 shares in the last quarter. 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.

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