Raymond James & Associates Reduces Stock Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Raymond James & Associates cut its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,822 shares of the textile maker’s stock after selling 25,807 shares during the period. Raymond James & Associates owned 0.05% of Rocky Brands worth $12,101,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RCKY. Victory Capital Management Inc. boosted its holdings in Rocky Brands by 29.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock valued at $100,000 after acquiring an additional 618 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Rocky Brands by 59.5% in the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock valued at $97,000 after purchasing an additional 1,332 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Rocky Brands during the 2nd quarter worth approximately $149,000. Yarger Wealth Strategies LLC lifted its holdings in 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 buying an additional 692 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Rocky Brands in the 3rd quarter valued at approximately $339,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Rocky Brands Stock Up 0.8 %

Rocky Brands stock opened at $27.62 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $205.02 million, a P/E ratio of 15.26 and a beta of 2.08. The stock’s fifty day simple moving average is $30.22 and its 200-day simple moving average is $32.35. Rocky Brands, Inc. has a twelve month low of $11.77 and a twelve month high of $40.14.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Rocky Brands had a net margin of 3.21% and a return on equity of 8.85%. The company had revenue of $98.26 million during the quarter.

Rocky Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.62 annualized dividend and a dividend yield of 2.24%. Rocky Brands’s dividend payout ratio (DPR) is currently 34.25%.

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.