Weyco Group's (WEYS) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weyco Group's stock is rated as "hold (c)" by Weiss Ratings, indicating a cautious outlook from analysts.
• The stock recently traded at $29.28, with a market capitalization of $279.32 million and a P/E ratio of 10.88.
• Institutional ownership of Weyco Group stock stands at 23.59%, with notable investments from firms like Allspring Global Investments and Bank of America Corp.

Weyco Group (NASDAQ:WEYS - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Weyco Group Stock Performance

Weyco Group stock traded up $0.63 during midday trading on Wednesday, reaching $29.28. The stock had a trading volume of 6,562 shares, compared to its average volume of 14,186. The stock has a market capitalization of $279.32 million, a P/E ratio of 10.88 and a beta of 0.98. Weyco Group has a 1-year low of $25.51 and a 1-year high of $41.05. The firm's fifty day simple moving average is $29.99 and its 200-day simple moving average is $30.72.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. The firm had revenue of $58.22 million for the quarter. Weyco Group had a return on equity of 10.34% and a net margin of 9.20%.

Institutional Trading of Weyco Group

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Weyco Group by 48.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after acquiring an additional 7,752 shares during the period. Nuveen LLC acquired a new position in Weyco Group in the 1st quarter worth about $277,000. Bank of America Corp DE increased its holdings in Weyco Group by 12.3% in the 4th quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock worth $450,000 after purchasing an additional 1,313 shares in the last quarter. Strs Ohio acquired a new position in Weyco Group in the 1st quarter worth about $466,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Weyco Group by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker's stock worth $550,000 after purchasing an additional 903 shares in the last quarter. 23.59% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.