The Panic-Proof Portfolio (Stockchase Research)
Weyco Group, Inc.
WEYS-Q
PAST TOP PICK
Sep 06, 2022
(A Top Pick May 05/22, Up 3.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WEYS has triggered its stop at $24.50. To remain disciplined, we recommend covering the position at this time. This results in a net investment gain of over 14%, when combined with the previous recommendation to cover half at the original price objective.
Stockchase Research Editor: Michael O'Reilly The manufacturer of well know affordable footwear brands like Florsheim and Nunn Bush has seen Q1 sales hit all time record highs. Retail comparable sales are up 41% over the past two years. It trades at 10x earnings compared to peers at 11x and is currently valued at 1.1x book. It pays a healthy dividend, backed by a payout ratio of 40% of cash flow and is likely due for another dividend increase soon. We recommend setting a stop loss at $19 looking to achieve $30 -- upside potential over 25%. Yield 4.03% (Analysts’ price target is $30.00)
(A Top Pick May 05/22, Up 26.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WEYS has achieved its $30 target. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $19.00) to $24.50.