Weyco Group (NASDAQ:WEYS) Raised to “Strong-Buy” at StockNews.com

Weyco Group (NASDAQ:WEYS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Weyco Group Trading Up 2.8 %

Shares of NASDAQ WEYS opened at $38.89 on Friday. The firm has a market capitalization of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. Weyco Group has a 12-month low of $27.05 and a 12-month high of $41.05. The firm has a 50 day moving average of $34.45 and a 200 day moving average of $32.26.

Insider Buying and Selling

In related news, CFO Judy Anderson sold 2,893 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the sale, the chief financial officer now directly owns 13,100 shares of the company’s stock, valued at $497,538. This represents a 18.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Allison Woss sold 1,463 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total value of $55,316.03. Following the sale, the vice president now directly owns 7,623 shares of the company’s stock, valued at $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,402 shares of company stock worth $304,656. Corporate insiders own 38.90% of the company’s stock.

Institutional Trading of Weyco Group

Several institutional investors and hedge funds have recently made changes to their positions in WEYS. Dimensional Fund Advisors LP increased its position in shares of Weyco Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after purchasing an additional 8,930 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Weyco Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after buying an additional 2,799 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Weyco Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock valued at $5,271,000 after purchasing an additional 5,307 shares during the period. State Street Corp increased its holdings in shares of Weyco Group by 0.4% during the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock worth $3,092,000 after buying an additional 375 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Weyco Group by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock valued at $2,717,000 after buying an additional 2,190 shares during the period. 23.59% of the stock is currently owned by institutional investors.

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.