Weyco Group: After A Big Step Forward, A Downgrade Is Appropriate
Seeking Alpha downgraded Weyco Group to Hold after shares rose 168.9% since July 2022 and were described as near fair value. Revenue and profit grew, though tariff refunds materially boosted results; North America Wholesale, especially Florsheim, led core growth.
Why it matters — WEYS watchers may weigh the strong wholesale growth against the effect of one-time tariff refunds and the view that shares are near fair value.