Weyco Group, Inc. (WEYS) Formed a Multiple Top, Could Be One of The Best Performers Soon

July 14, 2018 - By Tamara Reed

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.71, from 1.83 in 2017Q4. It fall, as 4 investors sold Weyco Group, Inc. shares while 21 reduced holdings. 11 funds opened positions while 17 raised stakes. 3.13 million shares or 1.44% more from 3.08 million shares in 2017Q4 were reported.
Great West Life Assurance Company Can has invested 0% in Weyco Group, Inc. (NASDAQ:WEYS). Meeder Asset Mngmt owns 0% invested in Weyco Group, Inc. (NASDAQ:WEYS) for 403 shares. Moreover, Manufacturers Life Insurance The has 0% invested in Weyco Group, Inc. (NASDAQ:WEYS). Martingale Asset Mngmt Limited Partnership invested in 43,812 shares or 0.02% of the stock. 562 are owned by Ameritas Partners. Stone Ridge Asset Mgmt Ltd Llc reported 0.03% in Weyco Group, Inc. (NASDAQ:WEYS). California State Teachers Retirement Systems holds 0% or 9,535 shares in its portfolio. Moreover, Axa has 0% invested in Weyco Group, Inc. (NASDAQ:WEYS) for 24,780 shares. Bessemer Grp Incorporated owns 0% invested in Weyco Group, Inc. (NASDAQ:WEYS) for 12,400 shares. The New York-based Comml Bank Of Mellon has invested 0% in Weyco Group, Inc. (NASDAQ:WEYS). Prelude Cap Management Limited Company has invested 0% in Weyco Group, Inc. (NASDAQ:WEYS). Citigroup stated it has 953 shares or 0% of all its holdings. North Star Inv Mngmt stated it has 0% of its portfolio in Weyco Group, Inc. (NASDAQ:WEYS). Denali Advisors Lc holds 0% of its portfolio in Weyco Group, Inc. (NASDAQ:WEYS) for 138 shares. California Pub Employees Retirement invested 0% in Weyco Group, Inc. (NASDAQ:WEYS).

Since March 14, 2018, it had 0 buys, and 21 selling transactions for $4.02 million activity. Another trade for 4,973 shares valued at $164,560 was made by Combs Dustin on Wednesday, May 9. $35,327 worth of stock was sold by Chang Tina M on Wednesday, May 9. 24,850 Weyco Group, Inc. (NASDAQ:WEYS) shares with value of $908,765 were sold by WITTKOWSKE JOHN. FLORSHEIM JOHN W sold $952,685 worth of stock. FLORSHEIM THOMAS W also sold $35,327 worth of Weyco Group, Inc. (NASDAQ:WEYS) shares. Shares for $35,327 were sold by STRATTON FREDERICK P JR.

The stock of Weyco Group, Inc. (WEYS) shows a multiple tops pattern with $39.25 target or 7.00 % above today’s $36.68 share price. The 6 months chart pattern indicates low risk for the $373.91 million company. It was reported on Jul, 14 by Finviz.com. If the $39.25 price target is reached, the company will be worth $26.17 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.74% or $0.27 during the last trading session, reaching $36.68. About 5,391 shares traded. Weyco Group, Inc. (NASDAQ:WEYS) has risen 25.82% since July 14, 2017 and is uptrending. It has outperformed by 13.25% the S&P500.

Another recent and important Weyco Group, Inc. (NASDAQ:WEYS) news was published by Globenewswire.com which published an article titled: “WEYCO Group, Inc. Second Quarter 2018 Earnings Conference Call” on July 13, 2018.

Weyco Group, Inc., together with its subsidiaries, engages in the design and distribution of footwear. The company has market cap of $373.91 million. It operates in two divisions, North American Wholesale and North American Retail. It has a 22.92 P/E ratio. The firm creates and markets footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.

Weyco Group, Inc. (NASDAQ:WEYS) Institutional Positions Chart

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