2024-07-05 05:10:27 ET
Summary
- Weyco Group is a shoe designer and wholesaler with six brands focused on men's leather dress and casual shoes, as well as winter and outdoor boots.
- Despite challenging fashion trends for much of the past decade, WEYS has maintained gross and operating margins, positioning itself competitively in the market.
- The company's current valuation implies a return to pre-pandemic profitability, but its higher profits and potential for retailers to restock inventory suggest a possible upward repricing, making it a Buy at current prices.
Weyco Group ( WEYS ) is a shoe designer and wholesaler. The company owns six brands focused on men's leather dress and casual (Stacy Adams, Nunn Bush, Florsheim) and winter and outdoor boots (Bogs, Rafters, Forsake)....
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Weyco Group Could Benefit From A Retailer Restocking; Market Is Overly Pessimistic, But Stock Is A Buy