Rocky Brands, Inc. (NASDAQ:RCKY) Stock Holdings Raised by State Street Corp

State Street Corp lifted its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,249 shares of the textile maker’s stock after purchasing an additional 586 shares during the period. State Street Corp’s holdings in Rocky Brands were worth $4,277,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Rocky Brands by 24.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker’s stock worth $4,879,000 after buying an additional 25,573 shares during the last quarter. FMR LLC raised its position in shares of Rocky Brands by 0.3% during the 3rd quarter. FMR LLC now owns 1,117,353 shares of the textile maker’s stock valued at $35,599,000 after acquiring an additional 3,883 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rocky Brands by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock worth $669,000 after purchasing an additional 1,001 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 purchasing an additional 24,135 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of Rocky Brands by 21.9% during the second quarter. Panagora Asset Management Inc. now owns 36,371 shares of the textile maker’s stock worth $1,344,000 after purchasing an additional 6,533 shares during the period. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Rocky Brands Price Performance

NASDAQ:RCKY opened at $22.53 on Monday. 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 business’s 50-day moving average price is $22.88 and its 200 day moving average price is $28.94. Rocky Brands, Inc. has a 52-week low of $19.65 and a 52-week high of $40.14. The firm has a market cap of $167.94 million, a P/E ratio of 12.66 and a beta of 2.13.

Rocky Brands (NASDAQ:RCKY) last released its quarterly 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). Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%. The firm had revenue of $114.55 million for the quarter.

Rocky Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Tuesday, December 3rd. Rocky Brands’s payout ratio is 34.83%.

Analyst Ratings Changes

Several research analysts have recently commented on RCKY shares. StockNews.com lowered shares of 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 report on Thursday, October 31st.

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.