Weyco Group (NASDAQ:WEYS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Weyco Group, Inc. (NASDAQ:WEYS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

Weyco Group Stock Up 0.2%

The firm has a market cap of $306.11 million, a price-to-earnings ratio of 12.62 and a beta of 0.99. The firm has a 50 day moving average of $31.52 and a 200 day moving average of $30.62.

Insider Activity at Weyco Group

In other news, VP Dustin Combs sold 1,059 shares of Weyco Group stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $30.09, for a total value of $31,865.31. Following the completion of the sale, the vice president owned 3,455 shares in the company, valued at $103,960.95. The trade was a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 35.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyco Group

Several hedge funds and other institutional investors have recently modified their holdings of WEYS. Vanguard Group Inc. lifted its holdings in shares of Weyco Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 366,204 shares of the textile maker’s stock worth $11,019,000 after purchasing an additional 2,792 shares in the last quarter. Geode Capital Management LLC increased its stake in Weyco Group by 1.4% during 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 in the last quarter. State Street Corp raised 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 buying an additional 2,381 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings 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 lifted its stake in shares of 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 in the last quarter. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

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.