Notable Mover: How Analysts Feel About Weyco Group, Inc. After Touching 52-Week High?

Notable Mover: How Analysts Feel About Weyco Group, Inc. After Touching 52 Week High?

The stock of Weyco Group, Inc. (NASDAQ:WEYS) hit a new 52-week high and has $30.03 target or 3.00% above today’s $29.16 share price. The 5 months bullish chart indicates low risk for the $312.13 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $30.03 price target is reached, the company will be worth $9.36 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 42,733 shares traded hands or 177.63% up from the average. Weyco Group, Inc. (NASDAQ:WEYS) has risen 5.79% since April 25, 2016 and is uptrending. It has underperformed by 0.22% the S&P500.

Analysts await Weyco Group, Inc. (NASDAQ:WEYS) to report earnings on March, 1. They expect $0.64 earnings per share, down 5.88% or $0.04 from last year’s $0.68 per share. WEYS’s profit will be $6.85 million for 11.39 P/E if the $0.64 EPS becomes a reality. After $0.44 actual earnings per share reported by Weyco Group, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

According to Zacks Investment Research, “Weyco Group Inc. is engage in the business of the manufacture, purchase and distribution of men’s footwear. The principal brands of shoes sold are Nunn Bush, Brass Boot, and Stacy Adams. The company’s products consist of both mid-priced quality leather dress shoes which would be worn as a part of more formal and traditional attire and lower priced quality casual footwear of man-made materials or leather which would be used for leisure or less formal occasions.”

Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. Its up 0.86, from 0.95 in 2016Q1. The ratio improved, as 3 funds sold all Weyco Group, Inc. shares owned while 18 reduced positions. 6 funds bought stakes while 14 increased positions. They now own 3.33 million shares or 0.24% less from 3.34 million shares in 2016Q1.
Vanguard Grp Incorporated Inc, a Pennsylvania-based fund reported 207,446 shares. Royal National Bank & Trust Of Canada holds 0% or 11,000 shares in its portfolio. Blackrock Advsrs Ltd Liability Company last reported 3,473 shares in the company. Stifel Corporation has 12,200 shares for 0% of their US portfolio. Price T Rowe Assoc Incorporated Md last reported 503,688 shares in the company. Perritt Capital Inc, a Illinois-based fund reported 127,905 shares. Citigroup Incorporated last reported 690 shares in the company. Jpmorgan Chase & Company reported 2 shares or 0% of all its holdings. Blackrock Grp Inc Ltd, a United Kingdom-based fund reported 1,646 shares. Fincl Bank Of Montreal Can last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage has invested 0% of its portfolio in Weyco Group, Inc. (NASDAQ:WEYS). Goldman Sachs Grp Inc accumulated 0% or 14,642 shares. The New Jersey-based Blackrock Investment Mgmt Ltd Liability Corporation has invested 0% in Weyco Group, Inc. (NASDAQ:WEYS). Moreover, Parametric Port Associate has 0% invested in Weyco Group, Inc. (NASDAQ:WEYS) for 9,594 shares. The Germany-based Deutsche Financial Bank Ag has invested 0% in Weyco Group, Inc. (NASDAQ:WEYS).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 2 sales for $204,750 net activity. The insider Chang Tina M sold $56,000. Anderson Judy sold $148,750 worth of stock or 5,000 shares.

Another recent and important Weyco Group, Inc. (NASDAQ:WEYS) news was published by Marketwatch.com which published an article titled: “Virtual Stock Exchange” on April 18, 2011.

WEYS Company Profile

Weyco Group, Inc., incorporated on May 25, 1906, is engaged in the design and distribution of footwear. The Firm creates and markets footwear for men, women and children. The Firm operates through two divisions: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Firm also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia) and its wholesale and retail businesses in Europe.

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