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

Empowered Funds LLC boosted its position in Rocky Brands, Inc. (NASDAQ:RCKY) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,467 shares of the textile maker’s stock after buying an additional 1,473 shares during the period. Empowered Funds LLC owned approximately 0.44% of Rocky Brands worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Rocky Brands in the third quarter valued at approximately $224,000. Yarger Wealth Strategies LLC lifted its holdings in Rocky Brands by 6.0% in the fourth quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 614 shares during the period. JPMorgan Chase & Co. lifted its holdings in Rocky Brands by 133.8% in the third quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock valued at $261,000 after acquiring an additional 4,683 shares during the period. Barclays PLC lifted its holdings in Rocky Brands by 292.3% in the third quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock valued at $311,000 after acquiring an additional 7,270 shares during the period. Finally, Summit Global Investments acquired a new position in Rocky Brands in the third quarter valued at approximately $341,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Rocky Brands Trading Down 0.8 %

Shares of NASDAQ:RCKY opened at $23.81 on Tuesday. Rocky Brands, Inc. has a 1 year low of $19.65 and a 1 year high of $40.14. The firm has a market capitalization of $177.38 million, a price-to-earnings ratio of 13.38 and a beta of 2.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. The business’s 50 day moving average price is $23.62 and its 200-day moving average price is $25.97.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RCKY shares. Robert W. Baird decreased their price target 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 Rocky Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 8th.

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.