Weyco Group (NASDAQ:WEYS) Posts Quarterly Earnings Results

by · The Cerbat Gem

Weyco Group (NASDAQ:WEYS – Get Free Report) issued its quarterly earnings data on Tuesday. The textile maker reported $1.39 earnings per share for the quarter, Zacks reports. Weyco Group had a return on equity of 9.63% and a net margin of 8.57%.

Weyco Group Price Performance

Shares of Weyco Group stock traded up $0.54 during trading hours on Tuesday, reaching $40.96. The company’s stock had a trading volume of 35,641 shares, compared to its average volume of 15,984. The firm has a 50 day moving average price of $37.68 and a 200-day moving average price of $34.46. The stock has a market cap of $390.35 million, a P/E ratio of 16.52 and a beta of 0.88. Weyco Group has a one year low of $27.25 and a one year high of $41.86.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WEYS. Weiss Ratings downgraded Weyco Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on WEYS

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co purchased a new stake in Weyco Group during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its holdings in shares of Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after purchasing an additional 832 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Weyco Group during the 4th quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its position in shares of Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Weyco Group during the 4th quarter valued at $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

(Get Free Report)

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.

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