Barclays PLC Acquires 7,270 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Barclays PLC lifted its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 292.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,757 shares of the textile maker’s stock after acquiring an additional 7,270 shares during the period. Barclays PLC owned approximately 0.13% of Rocky Brands worth $311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Rocky Brands by 29.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock worth $100,000 after purchasing an additional 618 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Rocky Brands in the third quarter valued at approximately $224,000. Inspire Advisors LLC purchased a new position in Rocky Brands during the third quarter valued at approximately $339,000. Summit Global Investments bought a new stake in Rocky Brands during the 3rd quarter worth approximately $341,000. Finally, Yarger Wealth Strategies LLC lifted its stake in Rocky Brands by 7.7% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock worth $360,000 after purchasing an additional 692 shares in the last quarter. 75.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Rocky Brands Price Performance

RCKY stock opened at $22.99 on Friday. The firm has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $28.46. The stock has a market cap of $171.37 million, a PE ratio of 12.92 and a beta of 2.10. Rocky Brands, Inc. has a one year low of $19.65 and a one 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 announced its earnings results on Wednesday, October 30th. The textile maker reported $0.77 earnings per share (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 disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.70%. Rocky Brands’s dividend payout ratio is 34.83%.

Rocky Brands Company 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.