Weyco Group (NASDAQ:WEYS) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Weyco Group (NASDAQ:WEYSGet Rating) in a report released on Thursday. The firm issued a buy rating on the textile maker’s stock.

Weyco Group Stock Performance

Shares of NASDAQ WEYS opened at $23.26 on Thursday. Weyco Group has a 1 year low of $19.89 and a 1 year high of $32.45. The firm has a market cap of $223.76 million, a price-to-earnings ratio of 7.58 and a beta of 0.88. The stock’s 50-day simple moving average is $25.68 and its 200-day simple moving average is $24.38.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, March 16th. Weyco Group’s payout ratio is 31.27%.

Institutional Trading of Weyco Group

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of Weyco Group during the fourth quarter worth about $33,000. Barclays PLC increased its position in shares of Weyco Group by 533.6% during the fourth quarter. Barclays PLC now owns 1,584 shares of the textile maker’s stock worth $33,000 after acquiring an additional 1,334 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in Weyco Group in the second quarter valued at about $35,000. Lazard Asset Management LLC bought a new stake in Weyco Group in the second quarter valued at about $55,000. Finally, BNP Paribas Arbitrage SNC increased its holdings in Weyco Group by 95.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,830 shares of the textile maker’s stock valued at $58,000 after buying an additional 1,385 shares during the last quarter. 22.63% of the stock is owned by hedge funds and other institutional investors.

About Weyco Group

(Get Rating)

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.

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