Weyco Group (NASDAQ:WEYS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

Separately, TheStreet cut shares of Weyco Group from a “b-” rating to a “c+” rating in a research report on Friday, July 19th.

Shares of WEYS stock traded down $0.09 on Tuesday, hitting $26.75. 81 shares of the stock traded hands, compared to its average volume of 20,157. The company’s 50-day moving average price is $25.80. The company has a quick ratio of 2.58, a current ratio of 4.91 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $267.45 million, a PE ratio of 12.86 and a beta of 0.80. Weyco Group has a twelve month low of $22.66 and a twelve month high of $39.75.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, May 7th. The textile maker reported $0.40 earnings per share for the quarter. The firm had revenue of $74.13 million for the quarter. Weyco Group had a net margin of 7.08% and a return on equity of 10.52%.

In other Weyco Group news, VP Michael Bernsteen sold 1,600 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $33.20, for a total value of $53,120.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Allison Woss sold 2,623 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $32.60, for a total transaction of $85,509.80. The disclosure for this sale can be found here. Corporate insiders own 42.03% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in Weyco Group by 505.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,277 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,066 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Weyco Group by 13.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,344 shares of the textile maker’s stock worth $134,000 after purchasing an additional 522 shares during the period. California Public Employees Retirement System increased its stake in Weyco Group by 16.9% during the fourth quarter. California Public Employees Retirement System now owns 10,540 shares of the textile maker’s stock worth $307,000 after purchasing an additional 1,523 shares during the period. First Trust Advisors LP increased its stake in Weyco Group by 18.4% during the fourth quarter. First Trust Advisors LP now owns 11,326 shares of the textile maker’s stock worth $330,000 after purchasing an additional 1,758 shares during the period. Finally, Martingale Asset Management L P increased its stake in Weyco Group by 8.9% during the first quarter. Martingale Asset Management L P now owns 39,208 shares of the textile maker’s stock worth $1,214,000 after purchasing an additional 3,200 shares during the period. 34.38% of the stock is currently owned by institutional investors.

About Weyco Group

Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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