Barclays PLC Grows Stake in Rocky Brands, Inc. (NASDAQ:RCKY)

Barclays PLC grew its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 292.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,757 shares of the textile maker’s stock after acquiring an additional 7,270 shares during the quarter. Barclays PLC’s holdings in Rocky Brands were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RCKY. Bank of New York Mellon Corp increased its position in shares of Rocky Brands by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock valued at $2,637,000 after buying an additional 2,962 shares during the period. Victory Capital Management Inc. boosted its position 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of Rocky Brands by 23.0% during the 2nd 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 during the period. Cornercap Investment Counsel Inc. bought a new position in shares of Rocky Brands in the 2nd quarter worth approximately $531,000. Finally, Yarger Wealth Strategies LLC lifted its stake in shares of Rocky Brands by 7.7% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock valued at $360,000 after purchasing an additional 692 shares during the period. Institutional investors own 75.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their price target 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.

Rocky Brands Stock Up 2.2 %

Shares of NASDAQ:RCKY opened at $22.99 on Friday. Rocky Brands, Inc. has a 12-month low of $19.65 and a 12-month high of $40.14. The stock has a market capitalization of $171.37 million, a price-to-earnings ratio of 12.92 and a beta of 2.10. The stock has a fifty day simple moving average of $22.41 and a two-hundred day simple moving average of $28.46. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62.

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

Rocky Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, December 3rd. Rocky Brands’s payout ratio 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.