Fmr LLC Raises Stake in Rocky Brands, Inc. (NASDAQ:RCKY)

Fmr LLC increased its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,117,353 shares of the textile maker’s stock after acquiring an additional 3,883 shares during the period. Fmr LLC owned approximately 15.00% of Rocky Brands worth $35,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCKY. Victory Capital Management Inc. lifted its stake in Rocky Brands by 29.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock worth $100,000 after acquiring an additional 618 shares in the last quarter. Yarger Wealth Strategies LLC grew its holdings in shares of Rocky Brands by 7.7% in the second quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock valued at $360,000 after purchasing an additional 692 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rocky Brands by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock worth $669,000 after buying an additional 1,001 shares in the last quarter. Empowered Funds LLC boosted its position in Rocky Brands by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 30,994 shares of the textile maker’s stock valued at $987,000 after buying an additional 1,474 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Rocky Brands by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock worth $2,637,000 after acquiring an additional 2,962 shares in the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

Rocky Brands Stock Down 0.2 %

Rocky Brands stock opened at $21.79 on Monday. The stock’s fifty day moving average is $25.05 and its two-hundred day moving average is $30.38. The stock has a market cap of $162.42 million, a PE ratio of 12.24 and a beta of 2.13. Rocky Brands, Inc. has a 1-year low of $19.65 and a 1-year high of $40.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93.

Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Wednesday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.22). The business had revenue of $114.55 million for the quarter. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%.

Rocky Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, December 3rd. Rocky Brands’s dividend payout ratio (DPR) is 34.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on RCKY. Robert W. Baird decreased their target price on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Rocky Brands Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.