Barclays PLC Has $311,000 Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Barclays PLC lifted its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 292.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,757 shares of the textile maker’s stock after purchasing an additional 7,270 shares during the quarter. Barclays PLC owned 0.13% of Rocky Brands worth $311,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Rocky Brands by 23.0% during the second quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker’s stock worth $4,776,000 after buying an additional 24,135 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Rocky Brands during the 2nd quarter worth approximately $517,000. Summit Global Investments bought a new position in Rocky Brands in the third quarter valued at approximately $341,000. Inspire Advisors LLC acquired a new position in Rocky Brands during the third quarter valued at approximately $339,000. Finally, Geode Capital Management LLC lifted its stake in Rocky Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 168,315 shares of the textile maker’s stock worth $5,364,000 after purchasing an additional 7,353 shares during the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

Rocky Brands Stock Up 1.6 %

Shares of NASDAQ:RCKY opened at $24.17 on Monday. Rocky Brands, Inc. has a 52-week low of $19.65 and a 52-week high of $40.14. The company has a market capitalization of $180.07 million, a PE ratio of 13.58 and a beta of 2.10. 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 company has a fifty day moving average of $22.41 and a 200-day moving average of $27.49.

Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Wednesday, October 30th. The textile maker reported $0.77 EPS for the quarter, missing the consensus estimate 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 Dividend Announcement

The firm 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. This represents a $0.62 annualized dividend and a yield of 2.57%. The ex-dividend date was Tuesday, December 3rd. Rocky Brands’s dividend payout ratio (DPR) is currently 34.83%.

Analysts Set New Price Targets

RCKY has been the subject of a number of research analyst reports. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird lowered their target price on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

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.