Weyco Group (WEYS) Stock Rating Lowered by BidaskClub

Weyco Group (NASDAQ:WEYS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, April 30th, BidAskClub reports.

Shares of WEYS stock traded down $0.01 during trading hours on Tuesday, reaching $29.45. The company’s stock had a trading volume of 2,579 shares, compared to its average volume of 14,586. The company has a market cap of $294.47 million, a PE ratio of 14.10 and a beta of 0.55. Weyco Group has a fifty-two week low of $26.70 and a fifty-two week high of $39.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.58 and a current ratio of 4.91.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, March 5th. The textile maker reported $0.93 earnings per share for the quarter. Weyco Group had a return on equity of 10.52% and a net margin of 7.08%. The firm had revenue of $89.59 million for the quarter.

In related news, VP Michael Bernsteen sold 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $32.26, for a total transaction of $32,260.00. Following the completion of the transaction, the vice president now directly owns 6,056 shares of the company’s stock, valued at approximately $195,366.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP George Sotiros sold 8,550 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.79, for a total value of $263,254.50. Following the sale, the vice president now owns 29,276 shares of the company’s stock, valued at $901,408.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,773 shares of company stock valued at $434,144. 42.03% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of WEYS. BlackRock Inc. grew its holdings in Weyco Group by 0.5% during the 3rd quarter. BlackRock Inc. now owns 435,991 shares of the textile maker’s stock worth $15,337,000 after acquiring an additional 2,120 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Weyco Group by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 503,569 shares of the textile maker’s stock valued at $17,715,000 after buying an additional 12,617 shares during the period. Renaissance Technologies LLC grew its stake in shares of Weyco Group by 23.0% in the 3rd quarter. Renaissance Technologies LLC now owns 79,600 shares of the textile maker’s stock valued at $2,800,000 after buying an additional 14,901 shares during the period. Vanguard Group Inc. grew its stake in shares of Weyco Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 269,849 shares of the textile maker’s stock valued at $9,493,000 after buying an additional 4,231 shares during the period. Finally, Vanguard Group Inc grew its stake in shares of Weyco Group by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 269,849 shares of the textile maker’s stock valued at $9,493,000 after buying an additional 4,231 shares during the period. Hedge funds and other institutional investors own 34.54% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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