Weyco Group (NASDAQ:WEYS) Upgraded to “Buy” at Wall Street Zen

Weyco Group (NASDAQ:WEYS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings upgraded Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weyco Group has a consensus rating of “Buy”.

Weyco Group Stock Performance

NASDAQ WEYS opened at $31.27 on Friday. Weyco Group has a twelve month low of $25.51 and a twelve month high of $35.59. The stock has a market cap of $298.63 million, a PE ratio of 12.31 and a beta of 0.99. The firm has a 50-day simple moving average of $31.31 and a 200 day simple moving average of $30.69.

Institutional Investors Weigh In On Weyco Group

Several large investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group during the 4th quarter valued at about $30,000. BNP Paribas Financial Markets increased its holdings in shares of Weyco Group by 107.1% during the third quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after buying an additional 832 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Weyco Group in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its stake in shares of Weyco Group by 172.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Weyco Group in the 4th quarter worth approximately $72,000. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

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.