Weyco Group (NASDAQ:WEYS) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Weyco Group (NASDAQ:WEYS – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the textile maker’s stock.

Weyco Group Stock Up 3.0 %

Shares of NASDAQ:WEYS opened at $22.44 on Thursday. The company has a market cap of $215.87 million, a PE ratio of 7.31 and a beta of 0.88. The company’s 50-day moving average price is $25.67 and its 200 day moving average price is $24.43. Weyco Group has a fifty-two week low of $19.89 and a fifty-two week high of $32.45.

Institutional Trading of Weyco Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC bought a new stake in shares of Weyco Group during the 4th quarter worth about $68,000. Morgan Stanley raised its position in shares of Weyco Group by 16.4% during the 4th quarter. Morgan Stanley now owns 3,741 shares of the textile maker’s stock worth $79,000 after buying an additional 528 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Weyco Group by 38.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 20,382 shares of the textile maker’s stock worth $431,000 after buying an additional 5,631 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weyco Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,764 shares of the textile maker’s stock worth $355,000 after buying an additional 677 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Weyco Group by 533.6% during the 4th quarter. Barclays PLC now owns 1,584 shares of the textile maker’s stock worth $33,000 after buying an additional 1,334 shares in the last quarter. 22.63% of the stock is currently owned by institutional investors.

Weyco Group Company Profile

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Weyco Group, Inc engages in the design, production and trade of footwear for men, women and children. It operates through the following segments: North American Wholesale Operations and North American Retail Operations. The North American Wholesale Operations segment includes selling products to department stores and specialty shops in the United States and Canada.