Charles Schwab Investment Management Inc. Purchases 1,001 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Charles Schwab Investment Management Inc. lifted its position in Rocky Brands, Inc. (NASDAQ:RCKY) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,999 shares of the textile maker’s stock after buying an additional 1,001 shares during the period. Charles Schwab Investment Management Inc. owned about 0.28% of Rocky Brands worth $669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Rocky Brands by 24.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker’s stock valued at $4,879,000 after acquiring an additional 25,573 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Rocky Brands by 23.0% during the second quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker’s stock valued at $4,776,000 after purchasing an additional 24,135 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of Rocky Brands during the second quarter valued at $531,000. Squarepoint Ops LLC purchased a new stake in shares of Rocky Brands during the second quarter valued at $517,000. Finally, Ritholtz Wealth Management bought a new stake in Rocky Brands in the 2nd quarter worth about $486,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RCKY shares. Robert W. Baird dropped their price target on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Rocky Brands Trading Down 3.2 %

Rocky Brands stock opened at $22.64 on Thursday. The business has a 50-day simple moving average of $23.86 and a two-hundred day simple moving average of $29.68. Rocky Brands, Inc. has a 52-week low of $19.65 and a 52-week high of $40.14. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. The company has a market cap of $168.76 million, a P/E ratio of 12.72 and a beta of 2.13.

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

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a $0.155 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.74%. Rocky Brands’s payout ratio is currently 34.83%.

About Rocky Brands

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.