Weyco Group (NASDAQ:WEYS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Weyco Group (NASDAQ:WEYS – Get Rating) in a research note issued on Thursday. The brokerage set a “buy” rating on the textile maker’s stock.

Shares of WEYS stock opened at $23.90 on Thursday. Weyco Group has a 1-year low of $20.10 and a 1-year high of $29.24. The stock’s fifty day moving average price is $24.87 and its 200 day moving average price is $24.13. The company has a market cap of $230.99 million, a price-to-earnings ratio of 11.27 and a beta of 0.51.

Weyco Group (NASDAQ:WEYS – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The textile maker reported $1.07 EPS for the quarter. Weyco Group had a return on equity of 10.72% and a net margin of 7.68%. The company had revenue of $101.38 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC acquired a new stake in Weyco Group during the 4th quarter worth about $206,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Weyco Group in the 3rd quarter valued at about $198,000. Goldman Sachs Group Inc. acquired a new position in shares of Weyco Group in the 3rd quarter valued at about $224,000. Acadian Asset Management LLC lifted its holdings in shares of Weyco Group by 48.0% in the 4th quarter. Acadian Asset Management LLC now owns 14,124 shares of the textile maker’s stock valued at $336,000 after buying an additional 4,582 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of Weyco Group by 75.8% in the 4th quarter. Susquehanna International Group LLP now owns 22,003 shares of the textile maker’s stock valued at $527,000 after buying an additional 9,487 shares during the period. 18.38% of the stock is owned by institutional investors.

Weyco Group Company Profile (Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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