Weyco Group (NASDAQ:WEYS) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Weyco Group, Inc. (NASDAQ:WEYS) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.10 and traded as high as $32.61. Weyco Group shares last traded at $32.19, with a volume of 9,491 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Wall Street Zen cut shares of Weyco Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Weyco Group Price Performance

The firm has a market capitalization of $306.77 million, a P/E ratio of 13.36 and a beta of 0.89. The business’s 50-day moving average is $32.10 and its 200 day moving average is $31.12.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.91 EPS for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.35%. The business had revenue of $76.80 million for the quarter.

Weyco Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, March 13th. Weyco Group’s dividend payout ratio (DPR) is currently 44.81%.

Hedge Funds Weigh In On Weyco Group

A number of hedge funds have recently bought and sold shares of WEYS. CANADA LIFE ASSURANCE Co bought a new position in Weyco Group in the 4th quarter valued at about $30,000. BNP Paribas Financial Markets increased its holdings in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after buying an additional 832 shares during the period. Tower Research Capital LLC TRC increased its holdings in Weyco Group by 172.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Weyco Group in the 4th quarter valued at about $55,000. Finally, Los Angeles Capital Management LLC bought a new position in Weyco Group in the 4th quarter valued at about $72,000. 23.59% of the stock is owned by institutional investors.

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.