Rocky Brands, Inc. (NASDAQ:RCKY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Rocky Brands, Inc. (NASDAQ:RCKY) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,315 shares of the textile maker’s stock after purchasing an additional 7,353 shares during the period. Geode Capital Management LLC owned about 2.26% of Rocky Brands worth $5,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of Rocky Brands by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock worth $2,637,000 after buying an additional 2,962 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Rocky Brands by 29.5% during the second 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 during the period. American Century Companies Inc. raised its position in Rocky Brands by 23.0% in the second quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker’s stock worth $4,776,000 after acquiring an additional 24,135 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Rocky Brands in the second quarter valued at $531,000. Finally, Yarger Wealth Strategies LLC boosted its position in shares of Rocky Brands by 7.7% during 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. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Rocky Brands Price Performance

Shares of NASDAQ:RCKY opened at $22.99 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79. The business’s fifty day moving average price is $22.41 and its two-hundred day moving average price is $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.

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

Rocky Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, December 3rd. Rocky Brands’s dividend payout ratio (DPR) is 34.83%.

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.