Weyco Group (NASDAQ:WEYS) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Weyco Group, Inc. (NASDAQ:WEYS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.60 and traded as high as $32.01. Weyco Group shares last traded at $32.01, with a volume of 5,841 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Weyco Group Trading Up 0.9%

The company has a market capitalization of $305.70 million, a price-to-earnings ratio of 12.60 and a beta of 0.99. The stock’s 50 day moving average price is $31.53 and its 200 day moving average price is $30.60.

Insider Buying and Selling at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 1,059 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $30.09, for a total transaction of $31,865.31. Following the transaction, the vice president owned 3,455 shares of the company’s stock, valued at $103,960.95. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 35.50% of the stock is owned by company insiders.

Institutional Trading of Weyco Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Weyco Group by 0.8% in the third quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock valued at $11,019,000 after acquiring an additional 2,792 shares during the last quarter. Geode Capital Management LLC lifted its stake in Weyco Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock valued at $5,313,000 after purchasing an additional 2,224 shares during the last quarter. State Street Corp grew its holdings in Weyco Group by 2.4% during the fourth quarter. State Street Corp now owns 100,675 shares of the textile maker’s stock worth $3,304,000 after purchasing an additional 2,381 shares during the period. Bridgeway Capital Management LLC increased its position in Weyco Group by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 100,606 shares of the textile maker’s stock worth $3,078,000 after buying an additional 2,226 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Weyco Group by 4.5% in the fourth quarter. Empowered Funds LLC now owns 52,006 shares of the textile maker’s stock valued at $1,591,000 after buying an additional 2,226 shares during the period. 23.59% of the stock is owned by institutional investors.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.