Weyco Group (NASDAQ:WEYS) Stock Rating Upgraded by StockNews.com

Weyco Group (NASDAQ:WEYS) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Weyco Group Stock Up 1.3 %

Shares of Weyco Group stock opened at $37.82 on Friday. The firm’s 50 day moving average is $34.21 and its two-hundred day moving average is $32.14. Weyco Group has a 52 week low of $26.06 and a 52 week high of $41.05. The firm has a market capitalization of $358.91 million, a P/E ratio of 12.52 and a beta of 0.71.

Insider Activity

In other Weyco Group news, VP Allison Woss sold 1,463 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the sale, the vice president now directly owns 7,623 shares in the company, valued at approximately $288,225.63. The trade was a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Damian Walton sold 1,340 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the sale, the insider now directly owns 7,030 shares in the company, valued at $228,475. This trade represents a 16.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,509 shares of company stock valued at $194,780 over the last quarter. Corporate insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Weyco Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of Weyco Group in the second quarter valued at $25,000. Allspring Global Investments Holdings LLC raised its position in shares of Weyco Group by 2,329.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,654 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after buying an additional 511 shares during the period. Ritholtz Wealth Management grew its stake in Weyco Group by 23.4% in the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after acquiring an additional 1,893 shares during the period. Finally, First Business Financial Services Inc. raised its holdings in Weyco Group by 8.3% in the 3rd quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock valued at $446,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

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