Weyco Group (NASDAQ:WEYS) Stock Rating Lowered by TheStreet

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TheStreet downgraded shares of Weyco Group (NASDAQ:WEYS) from a b- rating to a c+ rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

Separately, BidaskClub lowered Weyco Group from a sell rating to a strong sell rating in a research note on Saturday, July 13th.

Shares of NASDAQ WEYS opened at $25.23 on Friday. The company has a fifty day moving average price of $25.69. 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 firm has a market capitalization of $237.65 million, a price-to-earnings ratio of 11.43 and a beta of 0.80. Weyco Group has a one year low of $22.66 and a one year high of $39.75.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from Weyco Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, May 30th.

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

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

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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